The Indian Railways (IR) is mulling to raise Rs 600 crore to fund its
infrastructure development.
This could be done through lease out some of its real estate assets. IR is
planning to let out around 15 plots in different metros and tier-II cities on a
long lease this fiscal.
It has identified a land bank of 1,900 ha for development which is to be
leased out in phases. IR has roped in 15 consultants for this purpose. Most of
the land available for lease is in the eastern region.
In the Phase I, land at Bandra in Mumbai, Aurangabad (Maharashtra) and
Jamnagar (Gujarat) are among the plots the IR is likely to lease out.
Also See:
Railways plan diesel loco factory at Bihar (5-March-10)