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Indian Railway To Raise Rs 50,000 Crore Through Mega Station Redevelopment Plan

Indian Railway To Raise Rs 50,000 Crore Through Mega Station Redevelopment Plan by Swarajya Staff - Mar 11, 2021 11:02 AM Design of the New Delhi railway Station redevelopment project (@PiyushGoyal/Twitter) As part of its station redevelopment plan, Indian Railway plans to attract an investment of Rs 50,000 crore by opening up about 20 million sq ft of real estate. By March 2021, Railways aims to issue tenders for 50 of the 123 stations available for redevelopment at present. According to the Indian Railway Stations Development Corporation Ltd (IRSDC), Habibganj in Madhya Pradesh (MP) and Gandhi Nagar in Gujarat will be India’s first railway stations to be operationalised under the public-private partnership (PPP) scheme.

Government plans to open about 20 million sqft real estate, attracting investment of Rs 50,000 crore

ET Services NEWS Powered by Government plans to open about 20 million sqft real estate, attracting investment of Rs 50,000 crore SECTIONS Government plans to open about 20 million sqft real estate, attracting investment of Rs 50,000 croreBy Share Synopsis Indian Railway Stations Development Corporation said stations in Habibganj, MP and Gandhi Nagar, Gujarat, will offer space for retail, office spaces and food & beverage set-ups. PTI Of the 123 stations currently available for redevelopment, the railway aims to issue tenders for 50 by March 2021. Habibganj in Madhya Pradesh (MP) and Gandhi Nagar in Gujarat will be India’s first railway stations to be operationalised under the public-private partnership scheme as the Indian Railways sets in motion its ambitious station redevelopment plan.

Railways Offers Over Seven Acres For Commercial Development In Chennai

Railways Offers Over Seven Acres For Commercial Development In Chennai by Arun Kumar Das - Feb 13, 2021 05:19 AM Southern Railway headquarters at Chennai. (Wikipedia) Snapshot Two of the land parcels of 2.5 acres each are in the Ayanavaram Railway Colony, along Konnur High Road and Duncan Road. Two other land parcels are located at Walltax Road (0.27 Acres) and at Pulianthope (2.09 Acres). With the real estate projects involving station redevelopment gathering pace, Indian Railways has now undertaken steps to lease out land parcels adjoining rail premises in a big way. Rail Land Development Authority (RLDA) has invited bids for leasing four land parcels cumulatively spanning 7.36 acres at an estimated cost of nearly Rs 65 crore in Chennai.

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