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.
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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.
  
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In 2006, the Railway Land Development Authority (RLDA) was established as a
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==Railway Land Development Authority==
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separate statutory body. The plan was to gradually hand over excess land with
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<br>
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commercial potential to RLDA for development, sale, or lease.
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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$100 billion (between 7-7.5 lakh crore) eventually could be realized from monetization of surplus rail lands. RLDA has nearly 55,910 acres of land available with it for disposal<ref>18 in main wiki</ref>
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<br>
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However, actual monetization of RLDA properties has been lagging.
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See the map and its accompanying table highlighting publicly available information on the vacant land of 2,040 acres valued at Rs. 4,127 crore.
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<br>
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<br>
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A valuable 4.5 hectare parcel near the Bandra railway station has been proposed for commercial development since 2006.
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[[File:RLDA 01.png|900px|left|sub|middle|Map 1]]
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Auction reserve prices have been set between Rs 3,700 crore and 4,200 crore (around US$ 670 and 760 million). However, the property has been unable to attract bids at six successive auctions. <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>
 
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Here are Details of Sites Entrusted to Rail Land Development Authority <ref>Annual Report and Accounts 2015-16. Report. Rail Land Development Authority. Accessed March/April, 2018. http://rlda.indianrailways.gov.in/works/uploads/File/RLDA_Annual_Report_15_16_English.pdf.</ref>
 
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<br>
 
<br>
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[[File:Vacant Railway terrain.png|800px|thumb|center]]
 
 
<br>
 
<br>
−
 
+
{|class="wikitable sortable" style="width: 50%
−
{| class="wikitable"
+
|+ style="color:#2B3990;"|<ref>[http://rlda.indianrailways.gov.in/works/uploads/File/RLDA_Annual_Report_15_16_English.pdf "Railway Land Development Authority"]</ref>
 +
'''Railway Land Development Authority (RLDA)''' 
 +
! 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;"|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
 
|-
 
|-
−
|
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| scope = "row" colspan = "2" align="center" style="background:#f0f0f0;"|'''Total'''
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[[File:Vacant Railway terrain.pngframe]]
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| align="center" style="background:#f0f0f0;"|''' 2,040.95 acre'''
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|}
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| align="center" style="background:#f0f0f0;"|'''₹ 4,130 crore'''
 +
|}<br>
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<br>
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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>
 
<br>
−
 
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{|class="wikitable sortable" style="width: 50%
−
{|class="wikitable sortable"
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|+ 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>
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'''Indian Railways - Land & Amenities Directorate''' 
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!width:10em| Zonal Railway
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! scope="col" style="width: 15px;" | #
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!width:10em| Station
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! scope="col" style="width: 150px;" | District
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!width:3em| State
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! scope="col" style="width: 100px;" | Area (acre)
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!width:6em| Area (Acres)
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! 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
 
|-
 
|-
−
| Central || Mumbai || Maharashtra || 25.71
+
| 9||style="text-align:left;"|Jalpaiguri||style="text-align:center;"|34||style="text-align:right;"|69
 
|-
 
|-
−
| East-Central || Gaya (Mughal Sarai) || Bihar || 1.4
+
| 10||style="text-align:left;"|Nirala Nagar||style="text-align:center;"|62||style="text-align:right;"|125
 
|-
 
|-
−
| East-Central || Raxaul (Samastlpur) || Bihar || 2.96
+
| 11||style="text-align:left;"|Amingaon||style="text-align:center;"|181||style="text-align:right;"|366
 
|-
 
|-
−
| East-Coast || Visakhapatnam (Waltair) || Andhra Pradesh || 0.49
+
| 12||style="text-align:left;"|Supaul||style="text-align:center;"|75||style="text-align:right;"|152
 
|-
 
|-
−
| North East || Shahamatganj (Izzatnagar) || Uttar Pradesh || 36.26
+
| 13||style="text-align:left;"|Sawai  Madhopur||style="text-align:center;"|21||style="text-align:right;"|43
 
|-
 
|-
−
| North East || Clutterbuckganj (Izzatnagar) || Uttar Pradesh || 136.52
+
| 14||style="text-align:left;"|Suremanpur||style="text-align:center;"|100||style="text-align:right;"|202
 
|-
 
|-
−
| North East || Gwaltoli/Kanpur (Izzatnagar) || Madhya Pradesh || 3.74
+
| 15||style="text-align:left;"|Dumari Juara||style="text-align:center;"|32||style="text-align:right;"|65
 
|-
 
|-
−
| North Western || Ajmer || Rajasthan || 2.11
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| 16||style="text-align:left;"|Bachhwara||style="text-align:center;"|30||style="text-align:right;"|61
 
|-
 
|-
−
| North Western || Ajmer || Rajasthan || 8.96
+
| 17||style="text-align:left;"|Katihar||style="text-align:center;"|30||style="text-align:right;"|61
 
|-
 
|-
−
| North Western || Bikaner || Rajasthan || 110.59
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| 18||style="text-align:left;"|Khagaria||style="text-align:center;"|32||style="text-align:right;"|65
 
|-
 
|-
−
| North Western || Jodhpur || Rajasthan || 5.4
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| 19||style="text-align:left;"|Jhansi||style="text-align:center;"|24||style="text-align:right;"|49
 
|-
 
|-
−
| North Western || Jaipur || Rajasthan || 5.35
+
| 20||style="text-align:left;"|Sahebpur Kamal||style="text-align:center;"|25||style="text-align:right;"|51
 
|-
 
|-
−
| North Western || Jaipur || Rajasthan || 0.35
+
| 21||style="text-align:left;"|Bhagalpur||style="text-align:center;"|50||style="text-align:right;"|101
 
|-
 
|-
−
| North Central || Gwalior (Jhansi) || Madhya Pradesh || 1.48
+
| 22||style="text-align:left;"|Chandauli||style="text-align:center;"|227||style="text-align:right;"|459
 
|-
 
|-
−
| North Central || Gwalior Jhansl) || Madhya Pradesh || 3.2
+
| 23||style="text-align:left;"|Jalore||style="text-align:center;"|22||style="text-align:right;"|45
 
|-
 
|-
−
| North Central || Kanpur (Allahabad) || Uttar Pradesh || 65.46
+
| 24||style="text-align:left;"|Bina stn||style="text-align:center;"|40||style="text-align:right;"|80
 
|-
 
|-
−
| North Central || Jhansi || Uttar Pradesh || 5.32
+
| 25||style="text-align:left;"|Patan-Kakosi ,railway line||style="text-align:center;"|121||style="text-align:right;"|245
 
|-
 
|-
−
| North Central || Etawah || Uttar Pradesh || 0.74
+
| 26||style="text-align:left;"|Katni||style="text-align:center;"|25||style="text-align:right;"|51
 
|-
 
|-
−
| Northeast Frontier || Siliguri (Katihar) || West Bengal || 2.96
+
| 27||style="text-align:left;"|Asansol||style="text-align:center;"|28||style="text-align:right;"|57
 
|-
 
|-
−
| Northern || Delhi  || Delhi || 38.29
+
| 28||style="text-align:left;"|Bokaro||style="text-align:center;"|25||style="text-align:right;"|51
 
|-
 
|-
−
| Northern || Lucknow || Uttar Pradesh || 8.74
+
| 29||style="text-align:left;"|Vijapur Ransipur ,railway line||style="text-align:center;"|164||style="text-align:right;"|332
 
|-
 
|-
−
| Northern || Lucknow || Uttar Pradesh  || 1.09
+
| 30||style="text-align:left;"|Kanchrapara||style="text-align:center;"|49||style="text-align:right;"|99
 
|-
 
|-
−
| Northern || New Delhi  || Delhi || 32.74
+
| 31||style="text-align:left;"|Chasma||style="text-align:center;"|70||style="text-align:right;"|141
 
|-
 
|-
−
| Northern || Amritsar (FZR) || Punjab || 0.61
+
| 32||style="text-align:left;"|Dahod||style="text-align:center;"|30||style="text-align:right;"|61
 
|-
 
|-
−
| Northern || Katra (Firozpur) || Jammu and Kashmir || 10.57
+
| 33||style="text-align:left;"|Tatanagar||style="text-align:center;"|25||style="text-align:right;"|51
 
|-
 
|-
−
| South Central || Hyderabad || Telangana || 0.6
+
| 34||style="text-align:left;"|Dankuni||style="text-align:center;"|79||style="text-align:right;"|160
 
|-
 
|-
−
| South Central || Secunderabad || Telangana || 21.98
+
| 35||style="text-align:left;"|Jagadishpur||style="text-align:center;"|111||style="text-align:right;"|225
 
|-
 
|-
−
| South Central || Vijaywada || Andhra Pradesh || 0.37
+
| 36||style="text-align:left;"|Sankrail||style="text-align:center;"|32||style="text-align:right;"|65
 
|-
 
|-
−
| South Central || Aurangabad (Nanded) || Maharashtra || 9.63
+
| 37||style="text-align:left;"|Raipur||style="text-align:center;"|990||style="text-align:right;"|2,003
 
|-
 
|-
−
| South Central || Guntakal || Andhra Pradesh || 0.49
+
| 38||style="text-align:left;"|Godhani||style="text-align:center;"|140||style="text-align:right;"|283
 
|-
 
|-
−
| South-East Central || Raipur || Chhattisgarh || 301.34
+
| 39||style="text-align:left;"|Nagpur||style="text-align:center;"|25||style="text-align:right;"|51
 
|-
 
|-
−
| South-East Central || Raipur || Chhattisgarh || 333.45
+
| 40||style="text-align:left;"|Valthan village||style="text-align:center;"|25||style="text-align:right;"|500
 
|-
 
|-
−
| Southern || Chennai || Tamil Nadu || 5.19
+
| 41||style="text-align:left;"|Kantibanjhi||style="text-align:center;"|32||style="text-align:right;"|65
 
|-
 
|-
−
| Southern || Salem || Tamil Nadu1 || 0.82
+
| 42||style="text-align:left;"|Igatpuri||style="text-align:center;"|25||style="text-align:right;"|51
 
|-
 
|-
−
| Southern || Nagaptinam (Tiruchirapalli) || Tamil Nadu || 0.32
+
| 43||style="text-align:left;"|Lonavala||style="text-align:center;"|23||style="text-align:right;"|47
 
|-
 
|-
−
| Southern || Pattukoti (Tiruchirapalli) || Tamil Nadu || 1.98
+
| 44||style="text-align:left;"|Daund||style="text-align:center;"|24||style="text-align:right;"|49
 
|-
 
|-
−
| Southern  || Villipuram (Tiruchirapalli) || Tamil Nadu || 1.75
+
| 45||style="text-align:left;"|Satara||style="text-align:center;"|24||style="text-align:right;"|49
 
|-
 
|-
−
| Southern || Trivandrum || Kerala || 420
+
| 46||style="text-align:left;"|Vijayawada stn||style="text-align:center;"|26||style="text-align:right;"|52
 
|-
 
|-
−
| South-Western || Bangalore || Karnataka || 2.49
+
| 47||style="text-align:left;"|Machilipatnam Stn||style="text-align:center;"|25||style="text-align:right;"|51
 
|-
 
|-
−
| West Central || Sawai Madhopur || Rajasthan || 0.99
+
| 48||style="text-align:left;"|North Arcot||style="text-align:center;"|93||style="text-align:right;"|188
 
|-
 
|-
−
| West Central || Kota || Rajasthan || 0.52611
+
| 49||style="text-align:left;"|Chengalpattu||style="text-align:center;"|28||style="text-align:right;"|56
 
|-
 
|-
−
| Western || Rajkot || Gujarat || 60.98
+
| 50||style="text-align:left;"|Krishnaraja Ngr||style="text-align:center;"|40||style="text-align:right;"|81
 
|-
 
|-
−
| Western  || Rajkot || Gujarat || 7.15
+
| 51||style="text-align:left;"|Coimbatore||style="text-align:center;"|32||style="text-align:right;"|65
 
|-
 
|-
−
| Western || Mumbai || Maharashtra || 11.12
+
| 52||style="text-align:left;"|Trichy||style="text-align:center;"|126||style="text-align:right;"|255
 
|-
 
|-
−
| Western || Jamnagar (Rajkot) || Gujarat || 2.47
+
| 53||style="text-align:left;"|Pudukottai||style="text-align:center;"|52||style="text-align:right;"|105
 
|-
 
|-
−
| Western || Mumbai || Maharashtra || 2.35
+
| 54||style="text-align:left;"|Madurai||style="text-align:center;"|46||style="text-align:right;"|93
 
|-
 
|-
−
| Western || Mumbai || Maharashtra || 0.38
+
| 55||style="text-align:left;"|Tirunelveli||style="text-align:center;"|42||style="text-align:right;"|85
 
|-
 
|-
−
|Total ||   || || 1283.28
+
| 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>
−
http://rlda.indianrailways.gov.in/works/uploads/File/RLDA_Annual_Report_15_16_English.pdf
+
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.

Map 1



[2] Railway Land Development Authority (RLDA)
# 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.

Map 2



[3] Indian Railways - Land & Amenities Directorate
# 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

  1. ↑ 18 in main wiki
  2. ↑ "Railway Land Development Authority"
  3. ↑ Land & Amenities Directorate "Vacant Land for possible use of Logistic Park"
  4. ↑ 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
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