RLDA has been entrusted 125 Greenfield Land Parcels by MoR for Commercial Development having an approx. area 253 Ha. with a total revenue potential of about Rs. 8500 Cr. Out of these 25 sites having revenue potential of 1989 Crorehave already been awarded and developers have been fixed. The biggest greenfield plot which has been awarded is of Ashok Vihar, New Delhi having lease premium of 1359 Crores for residential development with a lease period of99 years. These greenfield plots are offered on Upfront Lease Premium model with open and transparent e-bidding system.
A total of 84 Railway Colonies having approx. 25000 Staff Quarters re-development have been entrusted to RLDA by MoR by efficient utilization of permissible FAR. Part of the colony/land/BUA is leased outthrough open and transparent e-bidding system to developers to generate revenue for colony re-development. Areas for Railway Colony re-development and area for developer is properly demarcated before handing over to developer. Also,re-development work is taken-up in phases for least disturbance to occupants during construction. Out of 84 Railway Colony, developer for four railway Colonies have already been fixed and bids for many other Railway Colonies involving re-construction have already been invited.
A total of 113 Railway Stations PAN India are being re-developed by RLDA in collaboration with Zonal Railway on PPP/EPC Model, in synergy with Smart City Projects launched by the Government of India. The entire cost of re-development shall be met by leveraging commercial development of spare railway land/airspace in and around the station. Major Station Development works for which RFQ has already been finalized i.e. New Delhi,Tirupati, Dehradun, Puducherry, Ernakulam and Nellore. New Delhi Railway Station is the flagship project of RLDA which is first project as per National TOD policy. Total station project is spread in 88 hectares of land and will provide elevated road network to de-congest Connaught Place. This project shall kick start most modern development in 800 meters radius all round and will be completed in four years with a concessionaire lease period of 30 years. It will provide total integration of DMRC corridor, Airport express line and Connaught Place.
RLDA has been entrusted with 84 MFCs for development to private developers. Out of these 61 MFCs have already been awarded and bids for balance MFCs are in pipeline. MFCs are small complexes in the circulating area of Stations designed for providing multiple rail user facilities i.e. variety shops, food stalls, restaurants, book stalls, ATMs, Medical Stores, Budget Hotels etc. without any investment by Railways. A total of 13 MFCs has been completed and 11 MFCs have been commissioned. The Developer is selected through Upfront Lease Premium model by open and transparent e-bidding process. For development of MFCs approval of local bodies is not required.