The Rail Land Development Authority (RLDA), a statutory body under Indian Railways, has initiated the process to lease a prime land parcel spanning 5,532 square meters near Renigunta Junction Railway Station in Tirupati district, Andhra Pradesh.
This strategic move aims to unlock the commercial potential of the site, which is ideally located alongside the Chennai – Anantapur Highway (NH-716), facilitating easy access from various parts of the city. The land, offered for a lease period of 45 years, boasts a reserve price of INR 6.77 crores with plans to develop a built-up area of 7,502 square meters. Positioned near key arterial roads like Tirupati Airport Road and Kanigiri Tirupati Road (NH-565), the site holds significant promise for retail shopping complexes or hospitality ventures, leveraging its proximity to Renigunta Railway Station—a vital transit hub for devotees en route to the revered Tirupati Temple.
Renigunta Junction plays a pivotal role as a major railway interchange, connecting routes towards Tirupati, Arakkonam, Katpadi, Kadapa, Guntakal, Gudur, and Vijayawada. This connectivity not only supports substantial passenger traffic but also enhances the land parcel’s appeal for commercial development. The site’s strategic location within the urban agglomeration of Tirupati further enhances its commercial viability, particularly in light of the ongoing INR 355 crore redevelopment project at Tirupati Railway Station. This initiative underscores the region’s infrastructure enhancement efforts, augmenting the potential for commercial real estate development in adjacent areas like Renigunta.
According to RLDA, the lease opportunity aligns with broader efforts to optimize underutilized railway land assets across the country, fostering economic growth and enhancing passenger amenities. The development of this land parcel is poised to contribute significantly to the local economy by generating employment opportunities and supporting ancillary businesses. Investors and developers keen on capitalizing on the burgeoning economic opportunities in Andhra Pradesh’s Tirupati district are encouraged to participate in the bidding process. The lease of this prime land parcel near Renigunta Junction represents a strategic investment opportunity amidst a backdrop of growing regional connectivity and infrastructure development initiatives.
