Railways may lease out land to real estate developers in Delhi, Mumbai and Bengaluru Hindustan Times
India’s largest landowner, the Indian Railways, has identified 341.93 hectares of prime land across the country which will be given out to private developers on a 90-year-lease, and from which the railways hopes to generate ₹5000 crore. In 2023-’24 the railways recorded a marginal surplus of ₹2,210 crore. In Mumbai, the railways are looking to hive off 110.46 hectares at Grant Road, Tardeo, Parel, Bandra east and west, Carnac Bunder among other locations while 58.93 hectares are expected to be handed over to private developers in the Capital at Chanakyapuri, Lodhi Colony, Sarojini Nagar and near the New Delhi railway station. The Railways have similarly identified land parcels in Bengaluru, Secunderabad, Hyderabad, Chennai, Amritsar, Gwalior, Lucknow and Kanpur for auctioning.
