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New Push By Government To Speed Up Work On Over 100 Station Redevelopment Projects
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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 Indiaâs first railway stations to be operationalised under the public-private partnership (PPP) scheme.
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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