The Cabinet on Wednesday has cleared the way for the railways to commercially develop land and air space in and around stations by approving its station redevelopment plans, according to a statement.
It has also provided for a longer lease tenure of up to 99 years from the previous 45 years.
“The Indian Railway Stations Development Corporation (IRSDC) will be the nodal agency for the development of stations which will leverage commercial development of land and air space in and around the stations. Read more
Latest posts by Firstpost.com (see all)
- ‘India’s reserves built at $17 per barrel, global average is $23’ - February 16, 2019
- Underworld: India builds caves to save oil for crisis - February 16, 2019
- 100% rural electrification no measure of power connectivity; ailing discoms, unreliable supply larger problem, says survey - February 14, 2019