RLDA to monetise land on the upcoming Bengaluru Suburban Rail Project

The Rail Land Development Authority (RLDA) has identified 17 land parcels, with a revenue potential of Rs 3,000 crore, for development along with the upcoming Bengaluru Suburban Rail Project (BSRP), said RLDA vice-chairman Ved Parkash Dudeja.

The authority is currently examining the land details and will soon invite private players to develop retail, commercial and residential projects along the suburban rail track, he said.

“We have requested the Karnataka government that no change in land use should be required once RLDA allots the land. The government has assured all the help, and this development will change the landscape around the suburban rail route,” Dudeja told ET.

The Centre had approved the railway ministry’s proposal for construction of BSRP in Bengaluru City in October 2020.

The project includes construction of four suburban rail corridors with a total route length of 148.17 km.

“A team of RLDA had recently visited Bengaluru. We need to ensure that available lands have clear titles. Since the line is running through the city, any real estate development around it will attract investors,” said Dudeja.

The project will be implemented by the Rail Infrastructure Development Company (Karnataka) Limited, a joint venture company set up by the Ministry of Railways with the government of Karnataka as a special purpose vehicle.

The project is proposed to be completed in six years at an estimated cost of Rs 15,767 crore.

The RLDA is currently working on redevelopment of 62 stations in a phased manner while its subsidiary, IRSDC, has taken up another 61 stations.

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In the first phase, the RLDA has prioritised prominent stations such as New Delhi, Tirupati, Dehradun, Nellore, Panipat, Puducherry and Ernakulam for redevelopment.

Railway stations across India will be redeveloped under the public-private partnership model.

The RLDA, a statutory body under the Ministry of Railways for the development of vacant railways land, has more than 84 commercial (greenfield) sites across India for leasing. Eligible developers for each will be selected through an open and transparent bid process.

The RLDA is also handling 84 railway colony redevelopment projects. Recently it leased out a railway colony in Guwahati for redevelopment.



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