Rail Land Development Authority

Currently, RLDA is working on four types of projects:

• Commercial Projects
• Multi-functional Complex
• Colony Redevelopment
• Station development

Purpose

Indian Railways own approximately 43,000 hectares of vacant land. The land which is not required for operational purposes in the foreseeable future will be identified by the zonal railways and the details will be advised to the Railway Board. Such plots of land would then be handed over to the RLDA by the Railway Board in phases for commercial development.

Commercial / Residential Sites

A total of 21 Commercial Sites leased out for 45/99 years to various Developers with Realized/Expected revenue of approximately Rs. 1700 crores for Railways. Upfront lease premium model through transparent E-bidding system is adopted. Approximately 55 more sites having an approximate value of Rs. 7500 crores available for lease PAN India.

Some major Commercial sites which have been leased out are as follows:-

• Ashok Vihar – The total earnings to Railways is Rs. 1359 Cr. against a reserve price of Rs. 1280 Crore. This is the major achievement of RLDA in the Current Year and the land use of this site is "residential" and selected Developer M/s Godrej Properties will be developing this property for Smart and Healthy Living Places catering to a demand of mid and premium segment housing.
• Other Major sites which have been leased out are Padi (Chennai) for a leased value of Rs. 43.0 Cr., Hazari Bagh (Ajmer) for a leased value of Rs. 47.88 Cr., Aish Bagh (Lucknow) for a leased value of Rs. 57.67 Cr., Gwaltoli (Kanpur) for a leased value of Rs. 66.70 Cr. Jhansi (E) for a leased value of Rs. 30.66 Cr., Ayanavaram Part C for Rs 28 Cr, Amritsar Fo a lease Period of Rs. 15.07Cr etc.

Re-Development of Railway Colonies

• At present 84 Railway Colonies entrusted to RLDA for Re-development.
• Approximately 25000 Staff Quarters to be Re-Constructed
• Efficient Utilization of FSI/FAR to generate space.
• The entire cost to be met by leveraging commercial development of released Railway Land/Airspace
• Upfront Lease Premium Model + Re-development of Railway Quarters

Re-development of Railway Stations

• A total of 51 Railway Stations in PAN India are being re-developed by RLDA on PPP Model, on Self Sustainable Model in synergy with Smart City Projects launched by Government of India. Entire cost of re-development to be met by leveraging commercial development of spare railway land/airspace in and around the station.

Multi-Functional Complex (MFC) Sites

• A total of 52 MFCs leased out for 45 years to various developers
• Revenue generation of approximately Rs. 500 Crore to Railways
• MFCs provide multiple facilities like shopping, food stalls/restaurants, Book stalls, ATMs, Medicines and Budget Hotels, parking spaces and other similar amenities for rail users at Railway Stations