RLDA
- RLDA -
Rail Land Development Authority
- Setup
in the year 2006 as a Statutory Authority under the Ministry of Railways
- VISION: To emerge as India's leading Public Land
Development Authority.
- Object
behind the set up of RLDA
1. The
need for considerable increase in internal generation of resources for such
investment had been realized by the Indian
Railways for
some time.
2.
Indian
Railways is the biggest landlord in India having nearly 10.65 Lakh acres across
all over the country.
3. Out of 10.65 lakh acres, 9.50 Lakh acres are
using by the Railways for operational purpose.
Balance 1.15 Lakh acres are vacant and susceptible for encroachments.
4.
Generation of Non-tariff revenue by development of 1.15 Lakh acres of
vacant land for commercial purposes
5. Creation of Infrastructure assets for Indian
Railways.
- Member,
Engineering, Railway Board is the Ex-officio Chairman of the RLDA.
- RLDA’s
expenses are met out of grants provided by Indian Railways. The entire
earnings generated from development of railway land is transferred by RLDA
to Indian Railways.
- Earnings of RLDA for the last 3 years (2009-10,
10-11 & 11-12) are Rs.2500 Crores.
- There
is a scope of big jump in the earnings of RLDA, since many sites and MFC's
will be come into function.
- Authorisation of vacant land to RLDA - stages
1. Land which is not required for operational
purposes in the foreseeable future - identified by the Zonal Railways.
2. Once identified, the details of such vacant
land would be advised to Rly. Board.
3. Such plots of land would thereafter be
entrusted to RLDA by Railway Board in phases for commercial Development.
·
Commercial
development of vacant railway land - steps:
1.
Inspection of the sites to ensure that these
are free from any encumbrances/encroachments and are prima-facie suitable for
commercial development.
2.
Survey done for each
individual plot of land by engaging a reputed real estate consultant to
identify the possibility of commercial development.
3.
Once identified potential revenue from such
site, call for an EOI - Expression of Interest or RFP - Request For Proposal
from Developers for commercial development through the PPP route ( Public
Private Partnership)
4.
Awarded the site to the
Developer through Open Bidding process.
·
.
Identified 138 sites so far and they are at different stages for
development as
Commercial places.
- M F C - MULTI FUNCTIONAL COMPLEX:
- Apart
from development of vacant Railway land on commercial lines, Railways
planned to utilise AIR SPACE over Railway Assets such as Railway Stations
for generation of Non-tariff Revenue.
- MFC's
will provide facilities like Shopping, Food stalls/Restaurants, Book
stalls, PCO Booths, ATMs, Budget Hotels, Parking spaces etc at Railway
stations.
- MFC's
will given to PSUs i.e., RVNL, IRCON , RITES (through MOU - Memorandum Of
Understanding) and to Private players (through Open bidding process) - Lease basis on upfront lease premium or
Revenue sharing for a period of 30 to 45 years.
- After
the lease period, MFCs would be transferred to the railways. Thus good
opportunity for Railways in regard to creation of infrastructure assets.
- So far
sanctioned 163 MFCs, redevelopment of 5 Railway Stations and 14 Railway
Colonies.
- Real
estate consultants like Knight Frank and JLL are advising RLDA in planning
and marketing the MFCs sites.
·
Several leading brands,
retail, hotel chains and
developers have expressed their interest in MFCs being developed by RLDA and
prominent among them are Pantaloon, Cafe Coffee Day, The Loot, Woodland, Apodis
Hospitality, Krishnan Palace Residency, WH Smith (Travel News Services).
·
MFCs at 26 railway
stations developed jointly with IRCON ISL (Infrastructure
& Services Ltd) and RITES have already been completed and are
waiting for being leased out, prominent places being Haridwar, Udaipur,Raipur,
Madurai, Allahabad, Jabalpur, Burdwan, Manmad, Guntur.
- RLDA has prepared a plan for fast-tracking the development of 75
complexes in the current financial year 2013-14.
Development of Railway Stations
- RLDA has also
been entrusted by Ministry of Railways for development of five railway
stations at Chandigarh, Anand Vihar (Delhi), Bijwasan (Delhi), Habibganj
(Bhopal) and Shivajinagar (Pune) into modern railway stations with
excellent facilities for rail users.
- These stations are being developed through IRSDC - Indian
Railway Stations Development Corporation Ltd., a joint venture company
created by IRCON and RLDA in which the former is the majority partner.
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