Rail Land Development Authority (RLDA) has called bids for leasing as many as 16 land parcels across the country and has aimed to generate revenue worth ₹1,904 crore by monetizing them. The 16 sites that have been offered are Lucknow Railway Station Redevelopment, Ramgarh Tal Colony (Gorakhpur), land parcel at Gomti Nagar (Lucknow), Land parcel near Moula Ali Flyover (Secunderabad), Boulevard Road Colony (Delhi) and land at Salt Golah (Howrah). These land parcels are strategically located in important cities across India and hold tremendous potential for residential and commercial development. RLDA will lease out them to prospective developers who will be mandated to develop these sites strictly adhering to the local building bye-laws, VC, RLDA, Ved Parkash Dudeja, informed that despite the impact of the pandemic, RLDA is targeting revenue generation of ₹2000 crore for the Indian Railways in 2021-22, up from ₹352 crore in the previous year. Indian Railways has about 43,000 hectares of vacant land across India and that RLDA is currently handling 84 commercial (greenfield) sites and 84 railway colony redevelopment projects across India for leasing and the eligible developers for each will be selected through an open and transparent bidding process. RLDA is also mandated with the redevelopment of railway stations and is currently working on 60 railway stations in a phased manner while its subsidiary, IRSDC, has taken up another 63 railway stations for redevelopment on PAN India basis.
