RLDA
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 »
A source says that the Indian Railways has introduced tenders and the land parcel given to the successful bidders on a 45-year lease is expected to collect Rs 2,500-3,000 crore. This land is given for commercial development of 4.3 hectares of a prime land parcel in Bandra (east). The Railway Land Development Authority (RLDA) is [...] 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 »
