The Ramgarh Tal site spans across 32911 square metre and is located adjacent to the Ramgarh Tal Lake at Mohaddipur. Another site at Bauliya Colony is proposed to be developed as railway quarters in 13516 square metre area.
Some Railway quarters are also to be constructed at Bauliya Colony, Gorakhpur under the colony redevelopment scheme of the Ministry of Railways, being implemented through Rail Land Development Authority (RLDA).
The Ramgarh Tal site is primarily a residential-cum-commercial neighbourhood located beside the Railway area and Mohaddipur block. The complete land area of the Ramgarh Tal project is divided into two parts.
One Part approximately 32011 sq mt will be available for lease-based residential development on 99 years leasehold rights to the selected developer. The Built-up Area (BUA) of the site for residential development is 48,017 sq m (excluding basement/stilt for parking).
The Floor Area Ratio (FAR) of the site proposed for residential development is 1.50 and its reserve price is Rs 71.50 crore. The other smaller part measuring 900 sq m, is earmarked for mandatory redevelopment of Railway Transit Suites at Ramgarh Tal.
UP government has recently issued notification to exempt the Railway land in Uttar Pradesh from requirements of any amendments in the Master Plan or the Zonal Development Plan for residential and commercial use subject to the land being developed in harmony with the surrounding areas.
Apart from the above, 100 Type-III Railway quarters are also to be constructed at Bauliya Railway Colony for which a separate area measuring 13516 sq. m. has been earmarked by North Eastern Railways.
The cost of mandatory railway development is estimated at Rs 25.47 crore. The online Pre-Bid meeting conducted on 16th March was attended by at least 12 developers and architects.
“Gorakhpur is the gateway to Eastern India. The proposed mandatory railway re-development and residential development at Ramgarh Tal Colony and the construction of railway quarters at Bauliya Colony is a great opportunity for the developers to invest in prime property in Gorakhpur. This will also lead to employment generation for the local population,” said Ved Parkash Dudeja, Vice Chairman, RLDA.
The site is bounded by Vindhyavasini Park in the East, New Gorakhpur Bus Station in the West, Ramgarh Tal Lake in the South and Railway Golf Ground in the North. The office of the Gorakhpur Development Authority, a planetarium, a tourist bungalow and Champa Vihar Park lie in the vicinity.
The lessee will be mandated to develop the site and carry out the mandatory railway redevelopment work as per applicable bye-laws and DCR norms.