RAILWAYS

Indian Railways to monetise one million sq ft near Howrah station, expects Rs 800 crore

Indian Railways has started the monetisation process of a one million square feet land parcel at Salt Golah, Howrah, which was once the residence of the Salt Commissioner during British regime. The department expects a revenue of Rs 800 crore from the sale.

Railways is exploring the possibility of developing water sports and use the riverfront plot for commercial ferrying activities apart from office space.

“The river-front location is presently full of dilapidated buildings. RLDA plans to create a multitude of modern tourism possibilities. The 15m wide strip can be utilised for developing water sports. Also, the riverfront can be used for commercial ferrying activities.

The development will not only put the land to better use but also boost the tourism, create jobs and enhance prospects of investment in the region,” said Ved Parkash Dudeja, Vice Chairman, of Rail Land Development Authority (RLDA), a statutory body under the Ministry of Railways for the development of vacant Railway land for commercial use.

The Salt Golah site consists of some old salt godowns and administrative offices in a highly dilapidated condition.

Source
ET News
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