Railways to put 500 acres of land to commercial use

13 Mar 2007

1

New Delhi: The Indian Railway plans to offer over 500 acres of prime land to private developers at over 13 locations across the country. The organisation has earmarked land in Delhi, Mumbai, Kolkata, and Bangalore, apart from Lucknow, Vishakapatnam, Gwalior and Gaya for the purpose.

The newly set up Rail Land Development Authority (RLDA), formed to commercially exploit the large tracts of land available with the Indian Railways, will offer the land through a public-private partnership (PPP) model.

Under the PPP model, the railways will form joint ventures in which the land will represent the railways' portion of the equity. The plots will be developed for commercial use in the form of shopping malls, office space, plazas and multiplexes.

A consultant is being appointed to work out the details of the project. The sites were shortlisted from an earlier list of 61 locations at an RLDA board meeting a few days ago.

In Delhi, land around the Sarai Rohilla railway station has been earmarked for development. Belgharia and Bidhan Nagar are the two sites in Kolkata. The other locations in West Bengal are Halishahar, Balighat and Kanchrapara.

Business History Videos

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more