Rail Land Development Authority
The Railway minister DV Sadananda Gowda while answering to a question in Parliament mentioned that the Indian Railways is sitting on a vacant land bank of 47,336 hectare and 942 hectare under encroachment out of a total land area of 4,57,689 hectare. The vacant land is mostly in the form of narrow strips along tracks. [...] Continue Reading »
Rail Land Development Authority (RLDA) has been trying to lease its prime 10-acre plot in the Bandra area. The authority has increased the duration to 45 years this time. The lease is expected to fetch around Rs.2,500-3,000 cr for the Railways. The authority wants the developers to build a commercial office complex on the plot. [...] Continue Reading »
Indian Railways has come up with a new plan to generate revenues. Next financial year, the agency employing the largest number of people in Asia, plans to generate about Rs 5,000 crore by monetizing its land reserves. This Rail Land Development Authority (RLDA) led initiative involves five projects across the country. So far, in this financial year, RLDA [...] Continue Reading »
