In Bid To Develop Railway Stations, Cabinet Approves Residences Around It


In Bid To Develop Railway Stations, Cabinet Approves Residences Around It

Construction of residential complexes will now be allowed around railway stations as part of an ambitious redevelopment programme of the Indian Railways approved by the Union Cabinet on Wednesday, a source said.

The Cabinet approval has cleared the way for the railways to commercially develop land and air space in and around stations and also provided for a longer lease tenure of up to 99 years from the previous 45 years.

According to news agency PTI, the source said the approval for residential complexes is not a blanket one, but will be decided on a case-to-case basis.

Senior railway officials said allowing residential development along with commercial development as part of the project will enhance its commercial viability. Read more

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