Railways to undertake commercial development of vacant lands
Tenders for engagement of consultants have been called for
The Ministry of Railways has planned to leverage commercial development of vacant lands and air space in and around railway stations. Apart from redevelopment of railway stations, large land parcels near railway quarters and loco sheds will soon be opened for commercial development.
The Rail Land Development Authority (RLDA) has been mandated for commercial development of vacant railway lands. As part of the redevelopment, the Chilkalguda and Rifle Range railway colonies will be developed in a total area of 23.80 acre. The lease term will be between 45-99 years on upfront premium model.
Tenders for engagement of consultants to provide services for urban design, master plans, comprehensive architectural planning and designs of buildings have been called for. Similarly, vacant lands close to the Moula Ali flyover too will be developed. The site is one km away from Moula Ali railway station.
At Mettuguda, next to the railway quarters and close to the Metro rail station is Millennium Park, spread over 2.30 acre, is up for a 99-year lease. Besides several land parcels in the twin cities, mostly located in Secunderabad, proposals for commercial development of vacant lands at Sanjeevaiah Park MMTS station, Necklace Road, Khairatabad and Lakdi-ka-Pul have been submitted.
RLDA plans to develop multifunctional complexes (MFCs) that will include shopping, food stalls, restaurants, bookstalls, PCO booths, ATMs, medical stores and amenities for rail users at railway stations.