Rlys set to lease Bandra plot for commercial use
Mumbai, Sept. 9 -- Indian Railways has earmarked land in the Bandra West area of Mumbai, which currently houses its staff quarters, for commercial uses, officials aware of the development said. The plot, measuring 5-6 acres, is adjacent to the Western Railway tracks and is one among several plots in the city that the Rail Land Development Authority (RLDA), whose mandate covers commercial utilisation of Indian Railways' vast assets in land, is hoping to lease out in a bid to raise revenue.
"RLDA and Western Railway will soon sign a memorandum of understanding (MoU) for redevelopment of the existing railway quarters in Bandra West and commercial development of spare land," a senior railway official told HT on condition of anonymity.
"This is ...
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