H.G. Infra wins Contract Lease for Abu Road Bungalow from RLDA
H.G. Infra secures a 60-year contract lease for commercial development of Abu Road Bungalow from RLDA valued at INR 14.65 crore.
by Damodharan N
Updated Jul 11, 2024
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In a significant development, H.G. Infra Engineering Limited (HGINFRA) has secured a major contract lease for the commercial development of Railway Land at Abu Road Bungalow No. 102.
The Rail Land Development Authority (RLDA) awarded the contract through a Letter of Acceptance dated July 10, 2024, marking another milestone in H.G. Infra’s expanding portfolio.
The contract, valued at INR 14.65 crore, covers a land area of 8034.10 square meters and comes with a lease period of 60 years. This deal surpasses the reserve price set by the RLDA at INR 14.41 crore, demonstrating H.G. Infra's competitive edge and financial commitment.
The project, under the Design Build Finance Operate Transfer (DBFOT) model, signifies a robust investment in long-term infrastructure projects. This approach not only diversifies H.G. Infra’s business model but also solidifies its role as a key player in the infrastructure development space.
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H.G. Infra Engineering
H.G. Infra Engineering Limited (HGIEL) is a top infrastructure development company in India, specializing in roads, highways, railways, metro, and solar projects. Founded in 2003 by Shri Hodal Singh and led by Mr. Harendra Singh, the company excels in providing EPC and HAM services.
HGIEL boasts a strong in-house equipment fleet and a skilled workforce, ensuring high standards of quality and innovation. Operating across 14 states, HGIEL holds prestigious contracts and partnerships with major government and private entities, solidifying its reputation as a leader in the infrastructure sector.
RLDA
The Rail Land Development Authority (RLDA) is a statutory body under the Ministry of Railways, established by an amendment to the Railways Act, 1989. It focuses on developing vacant railway land for commercial use to generate non-tariff revenue.
Formed through a gazette notification in 2006 and 2007, RLDA manages around 43,000 hectares of vacant land identified by zonal railways and entrusted by the Railway Board for phased commercial development.
H.G. Infra wins Contract Lease for Abu Road Bungalow from RLDA - FAQs
1. What contract did H.G. Infra secure from RLDA?
H.G. Infra secured a 60-year contract lease for the commercial development of Abu Road Bungalow No. 102.
2. What is the value of the contract H.G. Infra secured from RLDA?
The contract is valued at INR 14.65 crore.
3. What is the land area covered by the H.G. Infra contract?
The contract covers a land area of 8034.10 square meters.
4. When was the Letter of Acceptance for the contract issued?
The Letter of Acceptance was issued on July 10, 2024.
5. What model is the project under H.G. Infra's contract based on?
The project is based on the Design Build Finance Operate Transfer (DBFOT) model.
6. What is the reserve price set by RLDA for the contract?
The reserve price set by RLDA is INR 14.41 crore.
7. What type of projects does H.G. Infra specialize in?
H.G. Infra specializes in roads, highways, railways, metro, and solar projects.
8. Who founded H.G. Infra Engineering Limited?
H.G. Infra was founded by Shri Hodal Singh in 2003.
9. What is the role of the Rail Land Development Authority (RLDA)?
RLDA focuses on developing vacant railway land for commercial use to generate non-tariff revenue.
10. How much vacant land does RLDA manage for development?
RLDA manages around 43,000 hectares of vacant railway land for commercial development.
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