Difference between revisions of "Railways"
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− | + | The Indian Railway is a public enterprise owned by the central government and administered through the Ministry of Railways. | |
− | + | The total area of land under the Railway network across the country is about 4,614.87 sq. km. Of this area Railways by its own admission has 463 sq. km. (1,14,491 acres or an area equal to 86,700 football fields) land vacant and 22.4 sq. km of land encroached. | |
− | |||
− | + | ==Railway Land Development Authority== | |
− | + | <br> | |
− | + | In 2006, the Railway Land Development Authority (RLDA) was established as a separate statutory body. The plan was to gradually hand over excess land with commercial potential to RLDA for development, sale, or lease. Newspaper accounts at the time estimated (optimistically) that more than US$100 billion (between 7-7.5 lakh crore) eventually could be realized from monetization of surplus rail lands. RLDA has nearly 55,910 acres of land available with it for disposal<ref>18 in main wiki</ref> | |
− | + | <br> | |
− | + | See the map and its accompanying table highlighting publicly available information on the vacant land of 2,040 acres valued at Rs. 4,127 crore. | |
− | + | <br> | |
− | + | <br> | |
− | + | [[File:RLDA 01.png|900px|left|sub|middle|Map 1]] | |
− | + | <br> | |
− | {|class="wikitable sortable" | + | <br> |
− | + | {|class="wikitable sortable" style="width: 50% | |
− | !width: | + | |+ style="color:#2B3990;"|<ref>[http://rlda.indianrailways.gov.in/works/uploads/File/RLDA_Annual_Report_15_16_English.pdf "Railway Land Development Authority"]</ref> |
− | !width: | + | '''Railway Land Development Authority (RLDA)''' |
− | !width: | + | ! scope="col" style="width: 15px;" | # |
− | !width: | + | ! scope="col" style="width: 150px;" | District |
+ | ! scope="col" style="width: 100px;" | Area (acre) | ||
+ | ! scope="col" style="width: 100px;" | Value (₹ crore) | ||
+ | |- | ||
+ | | 1||style="text-align:left;"|Katra ||style="text-align:center;"|10.57||style="text-align:right;"|21 | ||
+ | |- | ||
+ | | 2||style="text-align:left;"|Amritsar ||style="text-align:center;"|0.61||style="text-align:right;"|1 | ||
+ | |- | ||
+ | | 3||style="text-align:left;"|New Delhi||style="text-align:center;"|80.86||style="text-align:right;"|164 | ||
+ | |- | ||
+ | | 4||style="text-align:left;"|Clutterbuckganj ||style="text-align:center;"|136.52||style="text-align:right;"|276 | ||
+ | |- | ||
+ | | 5||style="text-align:left;"|Shahamatganj ||style="text-align:center;"|36.26||style="text-align:right;"|73 | ||
+ | |- | ||
+ | | 6||style="text-align:left;"|Bikaner||style="text-align:center;"|110.59||style="text-align:right;"|224 | ||
+ | |- | ||
+ | | 7||style="text-align:left;"|Raxaul||style="text-align:center;"|2.96||style="text-align:right;"|6 | ||
+ | |- | ||
+ | | 8||style="text-align:left;"|Jaipur||style="text-align:center;"|5.70||style="text-align:right;"|12 | ||
+ | |- | ||
+ | | 9||style="text-align:left;"|Lucknow||style="text-align:center;"|9.83||style="text-align:right;"|20 | ||
+ | |- | ||
+ | | 10||style="text-align:left;"|Etawah||style="text-align:center;"|0.74||style="text-align:right;"|1 | ||
+ | |- | ||
+ | | 11||style="text-align:left;"|Siliguri ||style="text-align:center;"|2.96||style="text-align:right;"|6 | ||
+ | |- | ||
+ | | 12||style="text-align:left;"|Gwaltoli||style="text-align:center;"|3.74||style="text-align:right;"|8 | ||
+ | |- | ||
+ | | 13||style="text-align:left;"|Ajmer||style="text-align:center;"|11.70||style="text-align:right;"|24 | ||
+ | |- | ||
+ | | 14||style="text-align:left;"|Kanpur ||style="text-align:center;"|65.46||style="text-align:right;"|132 | ||
+ | |- | ||
+ | | 15||style="text-align:left;"|Jodhpur||style="text-align:center;"|5.40||style="text-align:right;"|11 | ||
+ | |- | ||
+ | | 16||style="text-align:left;"|Gwalior ||style="text-align:center;"|4.68||style="text-align:right;"|9 | ||
+ | |- | ||
+ | | 17||style="text-align:left;"|Sawai Madhopur||style="text-align:center;"|0.99||style="text-align:right;"|2 | ||
+ | |- | ||
+ | | 18||style="text-align:left;"|Jhansi||style="text-align:center;"|5.32||style="text-align:right;"|11 | ||
+ | |- | ||
+ | | 19||style="text-align:left;"|Kota||style="text-align:center;"|0.53||style="text-align:right;"|1 | ||
+ | |- | ||
+ | | 20||style="text-align:left;"|Gaya ||style="text-align:center;"|1.40||style="text-align:right;"|3 | ||
+ | |- | ||
+ | | 21||style="text-align:left;"|Jamnagar ||style="text-align:center;"|2.47||style="text-align:right;"|5 | ||
+ | |- | ||
+ | | 22||style="text-align:left;"|Rajkot||style="text-align:center;"|68.13||style="text-align:right;"|138 | ||
+ | |- | ||
+ | | 23||style="text-align:left;"|Raipur||style="text-align:center;"|634.79||style="text-align:right;"|1,284 | ||
+ | |- | ||
+ | | 24||style="text-align:left;"|Raipur||style="text-align:center;"|333.45||style="text-align:right;"|675 | ||
+ | |- | ||
+ | | 25||style="text-align:left;"|Aurangabad||style="text-align:center;"|9.63||style="text-align:right;"|19 | ||
+ | |- | ||
+ | | 26||style="text-align:left;"|Mumbai||style="text-align:center;"|39.18||style="text-align:right;"|79 | ||
+ | |- | ||
+ | | 27||style="text-align:left;"|Visakhapatnam ||style="text-align:center;"|0.49||style="text-align:right;"|1 | ||
+ | |- | ||
+ | | 28||style="text-align:left;"|Secunderabad||style="text-align:center;"|21.98||style="text-align:right;"|44 | ||
+ | |- | ||
+ | | 29||style="text-align:left;"|Hyderabad||style="text-align:center;"|0.60||style="text-align:right;"|1 | ||
+ | |- | ||
+ | | 30||style="text-align:left;"|Vijaywada||style="text-align:center;"|0.37||style="text-align:right;"|1 | ||
+ | |- | ||
+ | | 31||style="text-align:left;"|Guntakal||style="text-align:center;"|0.49||style="text-align:right;"|1 | ||
+ | |- | ||
+ | | 32||style="text-align:left;"|Chennai||style="text-align:center;"|5.19||style="text-align:right;"|11 | ||
+ | |- | ||
+ | | 33||style="text-align:left;"|Bangalore||style="text-align:center;"|2.49||style="text-align:right;"|5 | ||
+ | |- | ||
+ | | 34||style="text-align:left;"|Villipuram||style="text-align:center;"|1.75||style="text-align:right;"|4 | ||
+ | |- | ||
+ | | 35||style="text-align:left;"|Salem||style="text-align:center;"|0.82||style="text-align:right;"|2 | ||
+ | |- | ||
+ | | 36||style="text-align:left;"|Nagaptinam ||style="text-align:center;"|0.32||style="text-align:right;"|1 | ||
+ | |- | ||
+ | | 37||style="text-align:left;"|Pattukoti ||style="text-align:center;"|1.98||style="text-align:right;"|4 | ||
+ | |- | ||
+ | | 38||style="text-align:left;"|Trivandrum||style="text-align:center;"|420.00||style="text-align:right;"|850 | ||
+ | |- | ||
+ | | scope = "row" colspan = "2" align="center" style="background:#f0f0f0;"|'''Total''' | ||
+ | | align="center" style="background:#f0f0f0;"|''' 2,040.95 acre''' | ||
+ | | align="center" style="background:#f0f0f0;"|'''₹ 4,130 crore''' | ||
+ | |}<br> | ||
+ | <br> | ||
+ | Another 4,367 acres of land valued at Rs. 38,741 crore was uncovered set out for possible usage of logistic parks. See Map 2 and its accompanying table for detailed information. | ||
+ | <br> | ||
+ | [[File:Rail 2.png|900px|left|sub|middle|Map 2]] | ||
+ | <br> | ||
+ | <br> | ||
+ | {|class="wikitable sortable" style="width: 50% | ||
+ | |+ style="color:#2B3990;"|<ref> Land & Amenities Directorate [http://www.indianrailways.gov.in/railwayboard/uploads/directorate/land_amen/logistics.jsp "Vacant Land for possible use of Logistic Park"]</ref> | ||
+ | '''Indian Railways - Land & Amenities Directorate''' | ||
+ | ! scope="col" style="width: 15px;" | # | ||
+ | ! scope="col" style="width: 150px;" | District | ||
+ | ! scope="col" style="width: 100px;" | Area (acre) | ||
+ | ! scope="col" style="width: 100px;" | Value (₹ crore) | ||
+ | |- | ||
+ | | 1||style="text-align:left;"|Bhatinda||style="text-align:center;"|10||style="text-align:right;"|20 | ||
+ | |- | ||
+ | | 2||style="text-align:left;"|New Delhi||style="text-align:center;"|156||style="text-align:right;"|29,775 | ||
+ | |- | ||
+ | | 3||style="text-align:left;"|Mathura ||style="text-align:center;"|22||style="text-align:right;"|45 | ||
+ | |- | ||
+ | | 4||style="text-align:left;"|Belanganj||style="text-align:center;"|24||style="text-align:right;"|48 | ||
+ | |- | ||
+ | | 5||style="text-align:left;"|Narkatiyaganj||style="text-align:center;"|352||style="text-align:right;"|712 | ||
+ | |- | ||
+ | | 6||style="text-align:left;"|Bandikui ||style="text-align:center;"|21||style="text-align:right;"|42 | ||
+ | |- | ||
+ | | 7||style="text-align:left;"|Darjeeling||style="text-align:center;"|37||style="text-align:right;"|75 | ||
+ | |- | ||
+ | | 8||style="text-align:left;"|Roja||style="text-align:center;"|183||style="text-align:right;"|370 | ||
|- | |- | ||
− | | | + | | 9||style="text-align:left;"|Jalpaiguri||style="text-align:center;"|34||style="text-align:right;"|69 |
|- | |- | ||
− | | | + | | 10||style="text-align:left;"|Nirala Nagar||style="text-align:center;"|62||style="text-align:right;"|125 |
|- | |- | ||
− | | | + | | 11||style="text-align:left;"|Amingaon||style="text-align:center;"|181||style="text-align:right;"|366 |
|- | |- | ||
− | | | + | | 12||style="text-align:left;"|Supaul||style="text-align:center;"|75||style="text-align:right;"|152 |
|- | |- | ||
− | | | + | | 13||style="text-align:left;"|Sawai Madhopur||style="text-align:center;"|21||style="text-align:right;"|43 |
|- | |- | ||
− | | | + | | 14||style="text-align:left;"|Suremanpur||style="text-align:center;"|100||style="text-align:right;"|202 |
|- | |- | ||
− | | | + | | 15||style="text-align:left;"|Dumari Juara||style="text-align:center;"|32||style="text-align:right;"|65 |
|- | |- | ||
− | | | + | | 16||style="text-align:left;"|Bachhwara||style="text-align:center;"|30||style="text-align:right;"|61 |
|- | |- | ||
− | | | + | | 17||style="text-align:left;"|Katihar||style="text-align:center;"|30||style="text-align:right;"|61 |
|- | |- | ||
− | | | + | | 18||style="text-align:left;"|Khagaria||style="text-align:center;"|32||style="text-align:right;"|65 |
|- | |- | ||
− | | | + | | 19||style="text-align:left;"|Jhansi||style="text-align:center;"|24||style="text-align:right;"|49 |
|- | |- | ||
− | | | + | | 20||style="text-align:left;"|Sahebpur Kamal||style="text-align:center;"|25||style="text-align:right;"|51 |
|- | |- | ||
− | | | + | | 21||style="text-align:left;"|Bhagalpur||style="text-align:center;"|50||style="text-align:right;"|101 |
|- | |- | ||
− | | | + | | 22||style="text-align:left;"|Chandauli||style="text-align:center;"|227||style="text-align:right;"|459 |
|- | |- | ||
− | | | + | | 23||style="text-align:left;"|Jalore||style="text-align:center;"|22||style="text-align:right;"|45 |
|- | |- | ||
− | | | + | | 24||style="text-align:left;"|Bina stn||style="text-align:center;"|40||style="text-align:right;"|80 |
|- | |- | ||
− | | | + | | 25||style="text-align:left;"|Patan-Kakosi ,railway line||style="text-align:center;"|121||style="text-align:right;"|245 |
|- | |- | ||
− | | | + | | 26||style="text-align:left;"|Katni||style="text-align:center;"|25||style="text-align:right;"|51 |
|- | |- | ||
− | | | + | | 27||style="text-align:left;"|Asansol||style="text-align:center;"|28||style="text-align:right;"|57 |
|- | |- | ||
− | | | + | | 28||style="text-align:left;"|Bokaro||style="text-align:center;"|25||style="text-align:right;"|51 |
|- | |- | ||
− | | | + | | 29||style="text-align:left;"|Vijapur Ransipur ,railway line||style="text-align:center;"|164||style="text-align:right;"|332 |
|- | |- | ||
− | | | + | | 30||style="text-align:left;"|Kanchrapara||style="text-align:center;"|49||style="text-align:right;"|99 |
|- | |- | ||
− | | | + | | 31||style="text-align:left;"|Chasma||style="text-align:center;"|70||style="text-align:right;"|141 |
|- | |- | ||
− | | | + | | 32||style="text-align:left;"|Dahod||style="text-align:center;"|30||style="text-align:right;"|61 |
|- | |- | ||
− | | | + | | 33||style="text-align:left;"|Tatanagar||style="text-align:center;"|25||style="text-align:right;"|51 |
|- | |- | ||
− | | | + | | 34||style="text-align:left;"|Dankuni||style="text-align:center;"|79||style="text-align:right;"|160 |
|- | |- | ||
− | | | + | | 35||style="text-align:left;"|Jagadishpur||style="text-align:center;"|111||style="text-align:right;"|225 |
|- | |- | ||
− | | | + | | 36||style="text-align:left;"|Sankrail||style="text-align:center;"|32||style="text-align:right;"|65 |
|- | |- | ||
− | | | + | | 37||style="text-align:left;"|Raipur||style="text-align:center;"|990||style="text-align:right;"|2,003 |
|- | |- | ||
− | | | + | | 38||style="text-align:left;"|Godhani||style="text-align:center;"|140||style="text-align:right;"|283 |
|- | |- | ||
− | | | + | | 39||style="text-align:left;"|Nagpur||style="text-align:center;"|25||style="text-align:right;"|51 |
|- | |- | ||
− | | | + | | 40||style="text-align:left;"|Valthan village||style="text-align:center;"|25||style="text-align:right;"|500 |
|- | |- | ||
− | | | + | | 41||style="text-align:left;"|Kantibanjhi||style="text-align:center;"|32||style="text-align:right;"|65 |
|- | |- | ||
− | | | + | | 42||style="text-align:left;"|Igatpuri||style="text-align:center;"|25||style="text-align:right;"|51 |
|- | |- | ||
− | | | + | | 43||style="text-align:left;"|Lonavala||style="text-align:center;"|23||style="text-align:right;"|47 |
|- | |- | ||
− | | | + | | 44||style="text-align:left;"|Daund||style="text-align:center;"|24||style="text-align:right;"|49 |
|- | |- | ||
− | | | + | | 45||style="text-align:left;"|Satara||style="text-align:center;"|24||style="text-align:right;"|49 |
|- | |- | ||
− | | | + | | 46||style="text-align:left;"|Vijayawada stn||style="text-align:center;"|26||style="text-align:right;"|52 |
|- | |- | ||
− | | | + | | 47||style="text-align:left;"|Machilipatnam Stn||style="text-align:center;"|25||style="text-align:right;"|51 |
|- | |- | ||
− | | | + | | 48||style="text-align:left;"|North Arcot||style="text-align:center;"|93||style="text-align:right;"|188 |
|- | |- | ||
− | | | + | | 49||style="text-align:left;"|Chengalpattu||style="text-align:center;"|28||style="text-align:right;"|56 |
|- | |- | ||
− | | | + | | 50||style="text-align:left;"|Krishnaraja Ngr||style="text-align:center;"|40||style="text-align:right;"|81 |
|- | |- | ||
− | | | + | | 51||style="text-align:left;"|Coimbatore||style="text-align:center;"|32||style="text-align:right;"|65 |
|- | |- | ||
− | | | + | | 52||style="text-align:left;"|Trichy||style="text-align:center;"|126||style="text-align:right;"|255 |
|- | |- | ||
− | | | + | | 53||style="text-align:left;"|Pudukottai||style="text-align:center;"|52||style="text-align:right;"|105 |
|- | |- | ||
− | | | + | | 54||style="text-align:left;"|Madurai||style="text-align:center;"|46||style="text-align:right;"|93 |
|- | |- | ||
− | | | + | | 55||style="text-align:left;"|Tirunelveli||style="text-align:center;"|42||style="text-align:right;"|85 |
|- | |- | ||
− | |Total || | + | | scope = "row" colspan = "2" align="center" style="background:#f0f0f0;"|'''Total''' |
− | + | | align="center" style="background:#f0f0f0;"|''' 4,367 acre''' | |
+ | | align="center" style="background:#f0f0f0;"|'''₹ 38,741 crore''' | ||
|} | |} | ||
− | + | <br> | |
− | + | <br> | |
− | + | ==Valuable Urban Parcels== | |
− | + | <br> | |
− | + | A valuable 11-acre parcel, near the Bandra (East) railway station, had been proposed for commercial development since 2006. Auction reserve prices had been set between ₹ 3,700 crore and 4,200 crores at different times.<ref> Capturing the Value of Public Land for Urban Infrastructure, Centrally Controlled Landholdings, George E. Peterson Vasudha Thawakar. The World Bank Sustainable Development Network, Finance Economics and Urban Department, October 2013. Date Accessed - March 2018 </ref> | |
− | + | <br> | |
− | + | However, the property has failed to attract acceptable bids at six successive auctions. At the height of the land market in Mumbai, Railways issued bid terms that would have required the developer to build two identical office towers, one to be given to Railways for offices free-of-charge, the other to be available for commercial market leasing. The restrictions squeezed profit out of land development. No bids were received. | |
+ | <br> | ||
+ | Subsequently, the dual-tower conditions were dropped. Auction management was turned over to RLDA. Indian Railways worked with the State of Maharashtra to reach an agreement that the Floor Space Index (FSI) for the site would be increased from 2 to 4, in order to maximize land value. In return, Railways agreed to allocate two-thirds of land lease proceeds to invest in the suburban rail plan for Greater Mumbai. However, at the last minute, a private citizen brought a claim in court that the property belonged to the State of Maharashtra, not to Railways. Maharashtra joined the plaintiff in the case, first at the level of revenue collector, later at the level of Minister of Revenue. Attempts to auction the property attracted no bids, as long as title was disputed. | ||
+ | <br> | ||
+ | There are many stations along the Mumbai sub-urban local transport stations with vacant land that can be utilised for constructing high rise workspaces. Such a potential usage is the norm across most advanced cities in the world. | ||
+ | <br> | ||
+ | <br> | ||
+ | ==References== |
Latest revision as of 09:09, 25 October 2018
The Indian Railway is a public enterprise owned by the central government and administered through the Ministry of Railways. The total area of land under the Railway network across the country is about 4,614.87 sq. km. Of this area Railways by its own admission has 463 sq. km. (1,14,491 acres or an area equal to 86,700 football fields) land vacant and 22.4 sq. km of land encroached.
Railway Land Development Authority
In 2006, the Railway Land Development Authority (RLDA) was established as a separate statutory body. The plan was to gradually hand over excess land with commercial potential to RLDA for development, sale, or lease. Newspaper accounts at the time estimated (optimistically) that more than US$100 billion (between 7-7.5 lakh crore) eventually could be realized from monetization of surplus rail lands. RLDA has nearly 55,910 acres of land available with it for disposal[1]
See the map and its accompanying table highlighting publicly available information on the vacant land of 2,040 acres valued at Rs. 4,127 crore.
# | District | Area (acre) | Value (₹ crore) |
---|---|---|---|
1 | Katra | 10.57 | 21 |
2 | Amritsar | 0.61 | 1 |
3 | New Delhi | 80.86 | 164 |
4 | Clutterbuckganj | 136.52 | 276 |
5 | Shahamatganj | 36.26 | 73 |
6 | Bikaner | 110.59 | 224 |
7 | Raxaul | 2.96 | 6 |
8 | Jaipur | 5.70 | 12 |
9 | Lucknow | 9.83 | 20 |
10 | Etawah | 0.74 | 1 |
11 | Siliguri | 2.96 | 6 |
12 | Gwaltoli | 3.74 | 8 |
13 | Ajmer | 11.70 | 24 |
14 | Kanpur | 65.46 | 132 |
15 | Jodhpur | 5.40 | 11 |
16 | Gwalior | 4.68 | 9 |
17 | Sawai Madhopur | 0.99 | 2 |
18 | Jhansi | 5.32 | 11 |
19 | Kota | 0.53 | 1 |
20 | Gaya | 1.40 | 3 |
21 | Jamnagar | 2.47 | 5 |
22 | Rajkot | 68.13 | 138 |
23 | Raipur | 634.79 | 1,284 |
24 | Raipur | 333.45 | 675 |
25 | Aurangabad | 9.63 | 19 |
26 | Mumbai | 39.18 | 79 |
27 | Visakhapatnam | 0.49 | 1 |
28 | Secunderabad | 21.98 | 44 |
29 | Hyderabad | 0.60 | 1 |
30 | Vijaywada | 0.37 | 1 |
31 | Guntakal | 0.49 | 1 |
32 | Chennai | 5.19 | 11 |
33 | Bangalore | 2.49 | 5 |
34 | Villipuram | 1.75 | 4 |
35 | Salem | 0.82 | 2 |
36 | Nagaptinam | 0.32 | 1 |
37 | Pattukoti | 1.98 | 4 |
38 | Trivandrum | 420.00 | 850 |
Total | 2,040.95 acre | ₹ 4,130 crore |
Another 4,367 acres of land valued at Rs. 38,741 crore was uncovered set out for possible usage of logistic parks. See Map 2 and its accompanying table for detailed information.
# | District | Area (acre) | Value (₹ crore) |
---|---|---|---|
1 | Bhatinda | 10 | 20 |
2 | New Delhi | 156 | 29,775 |
3 | Mathura | 22 | 45 |
4 | Belanganj | 24 | 48 |
5 | Narkatiyaganj | 352 | 712 |
6 | Bandikui | 21 | 42 |
7 | Darjeeling | 37 | 75 |
8 | Roja | 183 | 370 |
9 | Jalpaiguri | 34 | 69 |
10 | Nirala Nagar | 62 | 125 |
11 | Amingaon | 181 | 366 |
12 | Supaul | 75 | 152 |
13 | Sawai Madhopur | 21 | 43 |
14 | Suremanpur | 100 | 202 |
15 | Dumari Juara | 32 | 65 |
16 | Bachhwara | 30 | 61 |
17 | Katihar | 30 | 61 |
18 | Khagaria | 32 | 65 |
19 | Jhansi | 24 | 49 |
20 | Sahebpur Kamal | 25 | 51 |
21 | Bhagalpur | 50 | 101 |
22 | Chandauli | 227 | 459 |
23 | Jalore | 22 | 45 |
24 | Bina stn | 40 | 80 |
25 | Patan-Kakosi ,railway line | 121 | 245 |
26 | Katni | 25 | 51 |
27 | Asansol | 28 | 57 |
28 | Bokaro | 25 | 51 |
29 | Vijapur Ransipur ,railway line | 164 | 332 |
30 | Kanchrapara | 49 | 99 |
31 | Chasma | 70 | 141 |
32 | Dahod | 30 | 61 |
33 | Tatanagar | 25 | 51 |
34 | Dankuni | 79 | 160 |
35 | Jagadishpur | 111 | 225 |
36 | Sankrail | 32 | 65 |
37 | Raipur | 990 | 2,003 |
38 | Godhani | 140 | 283 |
39 | Nagpur | 25 | 51 |
40 | Valthan village | 25 | 500 |
41 | Kantibanjhi | 32 | 65 |
42 | Igatpuri | 25 | 51 |
43 | Lonavala | 23 | 47 |
44 | Daund | 24 | 49 |
45 | Satara | 24 | 49 |
46 | Vijayawada stn | 26 | 52 |
47 | Machilipatnam Stn | 25 | 51 |
48 | North Arcot | 93 | 188 |
49 | Chengalpattu | 28 | 56 |
50 | Krishnaraja Ngr | 40 | 81 |
51 | Coimbatore | 32 | 65 |
52 | Trichy | 126 | 255 |
53 | Pudukottai | 52 | 105 |
54 | Madurai | 46 | 93 |
55 | Tirunelveli | 42 | 85 |
Total | 4,367 acre | ₹ 38,741 crore |
Valuable Urban Parcels
A valuable 11-acre parcel, near the Bandra (East) railway station, had been proposed for commercial development since 2006. Auction reserve prices had been set between ₹ 3,700 crore and 4,200 crores at different times.[4]
However, the property has failed to attract acceptable bids at six successive auctions. At the height of the land market in Mumbai, Railways issued bid terms that would have required the developer to build two identical office towers, one to be given to Railways for offices free-of-charge, the other to be available for commercial market leasing. The restrictions squeezed profit out of land development. No bids were received.
Subsequently, the dual-tower conditions were dropped. Auction management was turned over to RLDA. Indian Railways worked with the State of Maharashtra to reach an agreement that the Floor Space Index (FSI) for the site would be increased from 2 to 4, in order to maximize land value. In return, Railways agreed to allocate two-thirds of land lease proceeds to invest in the suburban rail plan for Greater Mumbai. However, at the last minute, a private citizen brought a claim in court that the property belonged to the State of Maharashtra, not to Railways. Maharashtra joined the plaintiff in the case, first at the level of revenue collector, later at the level of Minister of Revenue. Attempts to auction the property attracted no bids, as long as title was disputed.
There are many stations along the Mumbai sub-urban local transport stations with vacant land that can be utilised for constructing high rise workspaces. Such a potential usage is the norm across most advanced cities in the world.
References
- ↑ 18 in main wiki
- ↑ "Railway Land Development Authority"
- ↑ Land & Amenities Directorate "Vacant Land for possible use of Logistic Park"
- ↑ Capturing the Value of Public Land for Urban Infrastructure, Centrally Controlled Landholdings, George E. Peterson Vasudha Thawakar. The World Bank Sustainable Development Network, Finance Economics and Urban Department, October 2013. Date Accessed - March 2018