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Railways seeks to speed up land monetization, station redevelopment
Mint Mumbai
|December 21, 2023
Indian Railways is seeking to expedite station redevelopment and land monetization by proposing that the Rail Land Development Authority (RLDA) be recognized as an urban local body, two persons aware of the development told Mint. This move, aimed at fast-tracking projects across India, involves collaboration with state governments and the Union ministry of housing and urban affairs (MoHUA).
Currently, RLDA, under the ministry of railways, develops vacant railway land for commercial use but faces delays due to mandatory consultations with various state and local authorities. In cities like Delhi and Mumbai, disagreements with local urban bodies over development plans have stalled projects.
Recognizing RLDA as an urban local body would grant it the flexibility to monetize railway land and improve public infrastructure more rapidly, said one of the persons cited above.
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