After the introduction of the National Monetisation Pipeline scheme, the land leasing process of Railway assets will be accelerated.
The main agency for leasing Railway Assets is RLDA. So before proceeding next, it is necessary to know about Rail Land Development Authority (RLDA).
In this post, I have explained
1. About RLDA ( Content taken from RLDA Website),
2. Next is to know about Railway Land Leasing Process,
3. At last, the process of getting Railway Land means writing a request letter for Land Lease at your town.
I. Rail Land Development Authority
RLDA is a statutory Authority, under the Ministry of Railways, set up by an Amendment to the Railways Act, 1989, for the development of vacant Railway Land for commercial use for the purpose of generating revenue by non-tariff measures.
RLDA has since been constituted in terms of Extraordinary Gazette Notification dated 31.10.2006, as amended on 5.1.2007. The Rules for the functioning of RLDA have also been notified in the Extraordinary Gazette dated 4.1.2007.
Indian Railways (IR) has approximately 43,000 hectares of vacant land. Land which is not required for operational purposes in the foreseeable future would be identified by the zonal railways and the details thereof would be advised to Railway Board.
Such plots of land would thereafter be entrusted to RLDA by Railway Board in phases for commercial development under the following heads.
i) Commercial Development
Indian Railways (IR) has approximately 43,000 hectares of vacant land. Land which is not required for operational purposes in the foreseeable future would be identified by the zonal railways and the details thereof would be advised to Railway Board. Such plots of land would thereafter be entrusted to RLDA by Railway Board in phases for commercial development.
ii) Multifunctional Complex
Rail Land Development Authority (RLDA) has been given the responsibility of developing Multi Functional Complexes (MFCs) through IRCON, RITES, RVNL, and the private sector.
MFCs will provide multiple facilities like shopping, food stalls/ restaurants, Book stalls, PCO Booths, ATMs, Medicines and Variety stores, Budget Hotels, parking spaces, and other similar amenities to rail users at Railway Stations.
Sites are being offered on 30-45 years lease on an upfront lease premium or Revenue Sharing basis through MOU to PSUs and through an open bidding process to the private sector.
Ministry of Railways has sanctioned 67 and 93 MFC sites in 2009-10 and 2010-11 respectively.
iii) Colony Redevelopment
Railway Stations and Railway Colonies are generally located in heart of cities having the potential to develop real estate to fund the redevelopment of railway colonies are more than 50-60 years old & quarters in these colonies are in dilapidated conditions having outlived useful functional life.
Railway staff is not satisfied with the upkeep of quarters despite best efforts, resources, and money used for upkeep & maintenance.
In the budget speech of Hon’ble MR, it was announced that construction of staff quarters has been hampered due to funding constraints, and encouraged by the success of the MoUD, I propose to adopt the same in railways.
Subsequent to the announcement of Hon’ble MR, feasibility studies were undertaken and reports submitted to Railways/Railway Board for entrustment of colonies for Re-Development Railway colonies particularly in metro cities are located in prime areas in heart of cities and are financially viable on PPP mode as these colonies have unutilized FSI.
iv) Station Development
Railway Board has mandated RLDA for the redevelopment of 10 railway stations through NBCC & 1 stations through IRCON. The stations identified for redevelopment through NBCC are Gomtinagar, Charbagh(Lucknow), Tirupati, Nellore, Puducherry, Ernakulam, Kota, Madgaon, Delhi Sarai Rohilla & Thane(New), and Delhi Safdarjung through IRCON.
The scheme of station redevelopment is in synergy with the Smart City Project launched by Govt. of India. The entire cost of station redevelopment is to be met by leveraging commercial development of spare railway land/airspace in and around the station.
The facilities proposed in a redeveloped station in Smart Cities include congestion-free non-conflicting entry/exit to the station premises, segregation of arrival/departure of passengers, adequate concourse without overcrowding, integration of both sides of the city wherever feasible, integration with other modes of transport system like Bus, Metro, etc. user-friendly international signage, etc.
II. HOW TO TAKE RAILWAY LAND ON LEASE
First, open the website of the RLDA, there are 4 sections for Asset leasing. Here I will show you for MFC (Multi-Functional Complex).
At RLDA Website, you click on Tender Section then the page will be open with information on available tender for land lease for MFC.
Here i found tender for Asansol. After clicking on the detailed view you will get information about the Location of land & the Cost are described. Brief details are following.
1. Name of Site Area: -Asansol Site-1 Opposite to DRM Office (ER), (West Bengal)
2. BUA ( Built-Up Area)- 7,500 Sqm
3. Offered: – 15,000 Sqm
4. Reserve Price (in Crores):- 7.6 Crore.
It means that Railway is offering the on the cost of Rs. 941.42 per Sq Ft ( Rs. 7.6 crore for 80,729.33 sqft).
III. REQUEST FOR RAILWAY LAND LEASE IN YOUR TOWN
If you don’t get any live tender for your location, you can write a request letter to RLDA Authority for the process of a lease for a particular land. Such a process is explained in the above-mentioned video.
Request: If you are a professional of RLDA or a firm that gets the land lease from RLDA, then please comment in the post about your practical experience. It would be beneficial to readers of this post, so mail us on email@example.com or telegram us.
Shown images & brief content used for illustrative purposes only. No Copyright infringement intended. The content has been taken from the Website of the RLDA. The content is summarised only for illustrative purposes only.