New Delhi [India], July 21 (ANI): Rail Land Development Authority (RLDA), a statutory authority of Indian Railways, has invited bids for the grant of leases for commercial development of railway land at Kailash Puram along National Highway (NH)-16 in Visakhapatnam, Andhra Pradesh. As per the official statement of the RLDA, the development will consist of 60 per cent residential and 40 per cent commercial. The land, with an approximate area of 4.71 acres (19,061 sqm), will be leased for 99 years with a reserve price of Rs 170 crore. The built-up area (BUA) offered is 91,403.31 sqm. It is also h…