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National: Railway to lease 3,700 acres to generate revenues

According to AK Gupta, member of Real Estate and Urban Planning, Rail Land Development Authority, as many as 52 cities have been identified where surplus land is available.

By leasing this land in the next two to three years, there is immense possibility of increasing the non tariff revenue of Indian Railways. In total, around 136 sites spread over a total of approximately 1,500 hectares that is 3,700 acres can be leased.  This might help in generation a revenue of approximately INR 5,500 crores.

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