Awards & Articles

Lifetime Achievement Award

Ved Parkash Dudeja, Vice Chairman, RLDA awarded ?Lifetime Achievement Award

New Delhi 27th November, 2020: Shri Ved Parkash Dudeja, Vice Chairman, Rail Land Development Authority has been conferred with the coveted ?Lifetime Achievement Award? at Realty+ E- Conclave & Excellence Awards- 2020. Shri. Dudeja is presently serving as the Vice Chairman of Rail Land Development Authority. RLDA is a statutory Authority under the Ministry of Railways mandated with development of vacant Railway Land for commercial use and creating assets for Indian Railways. RLDA is currently working on Commercial Projects, Multifunctional Complex, Colony redevelopment and Station redevelopment projects for the Ministry of Railways. Under the able leadership of Mr. Dudeja, RLDA has shattered all previous records of earnings as well as those of awarding of lease contracts in 2019-20. RLDA has awarded tenders for long lease of land parcels worth Rs 1553 crores during the year and has reported earnings of Rs. 933 Crore in Financial Year 2019-20.

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Infra Business Leader of the Year

Ved Parkash Dudeja, vice chairman, RLDA awarded Infra Business Leader of the Year

Ved Parkash Dudeja, vice chairman, Rail Land Development Authority (RLDA) was recently awarded the coveted ‘Infra Business Leader of the Year’ award for 2020 by the Rail Infra and Mobility Business Digital Awards (RIMBDA). RLDA is a statutory authority under the Ministry of Railways, responsible for development of vacant railway land for commercial use for the purpose of generating revenue by non-tariff measures and creating assets for Indian Railways.

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Urban land is a tangible asset that has not been tapped to its fullest potential. With the central and state governments facing a dearth of revenue streams, the monetisation of assets is a viable option. Monetisation of land is slowly gaining currency as stakeholders are warming up to the idea of unlocking the tremendous benefits of leasing of land.Monetisation of land is a viable option for public sector undertakings and urban local bodies. It will not only generate a revenue stream, but also entails several other benefits. It puts the land to better use. The commercial development of land accelerates the real estate prospects in the vicinity and fuels the demand for social infrastructure such as retail development, banking, etc.It also contributes to planned urbanisation, boosts tourism and generates employment. It has cascading effects on economic development and the quality of life of citizens.
Land monetisation will enable the retention of land ownership while realising market rent (if the revision of rent is periodic and on agreed principles). It should be a well-thought process, weighing the potential benefits and viability. The experience and future risks should be considered before choosing a suitable tool. Also, infrastructure-serviced land will fetch better value.
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Land monetisation: The land of opportunity

2021-12-08, Ved Parkash Dudeja
Monetisation of land is a viable option for public sector undertakings and urban local bodies. It will not only generate a revenue stream, but also entails several other benefits.

Real estate to re-emerge in the post-COVID-19 scenario

2021-12-08, VED PARKASH DUDEJA
Ved Parkash Dudeja, VC, Rail Land Development Authority, on how the industry will pan out
The ongoing covid-19 crisis has stoked apprehensions of an adverse health impact as well as that of an economic slowdown. Speculations abound that it may take three to four years to revive the economy to pre-covid level. The real estate segment presents a gloomy picture with commercial deals stalled, new launches deferred, and sales dented due to the shutdown of retail outlets. However, a major aspect overlooked in public discourse is that covid-19 is only a temporary phase and the economy will revive owing to a huge pent-up demand once the lockdown is lifted. The announcement of Unlock 1.0 and a slew of initiatives announced by the government has already rekindled the spark of economic recovery.That said, Indian real estate firms need to go back to the drawing board and devise out-of-the-box solutions to stay afloat amid the crisis. Agility and flexibility will be the key to survival. Developers who reposition their business models from a realistic angle will have an edge in the market.
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The COVID-19 has fundamentally altered our way of life in cities. The restrictions on mobility and overall health, hygiene and safety concerns have prompted the world to gear up for a new normal that will redefine the way we design, build, and live in these cities. People are spending most of the time indoors while working from home that will invariably lead to adapting architecture to the new normal.

As people struggle to get a breath of fresh air and maintain their good health, cycling activity, fitness regime and walking zones have gained new currency. One can imagine the futuristic cities with planned integration of walking plazas and pedestrian zones. Public spaces have found a new meaning amid the lockdown. Planned development of public spaces, such as entertainment spaces, parks, community centers, while adhering to social distancing norms, is likely to come into prominence.

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Reimagining Urban Planning And Architecture Amid COVID-19 Protocols

09 November,2020, Muktesh Mittal
Restructuring office spaces along with office furniture, with a social distancing rule of six feet, will be a real challenge for architects

Opinion: Opportunities for urban land redevelopment in India

May 04,2021,14:04 IST, By Ved Prakash Dudeja
uge tracts of surplus land of government departments and PSUs like Railways, Ministry of Defence, BSNL, Air India, etc., in all the major cities of the country offer a great opportunity to start a chain reaction of development of urban spaces required for the future needs of the country.
The urban land redevelopment refers to the reorganization of the urban land from low-density residential use to high-density commercial development. It is usually accompanied by upgradation of the existing infrastructure to support up-zoning. The objective of urban redevelopment is to restore economic viability through commercial activities. The subsequent redevelopment leads to the creation of amenities to enhance customer experience, aids in employment generation and boosts the local economy. It is also in line with the urban redevelopment plans for shaping the new India.

In the past few years, the government has undertaken several initiatives such as Smart Cities, Atal Mission for Urban Rejuvenation and Urban Transformation (AMRUT) and Heritage City Development and Augmentation Yojana (HRIDAY) to rejuvenate the urban landscape in India. The redevelopment adds another dimension to urbanization in India.
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