Rail Land Development Authority (RLDA) is a statutory Authority, under the Ministry of Railways, set-up by an amendment to the Railways Act, 1989, for the development of vacant Railway Land for commercial use for the purpose of generating revenue by non-tariff measures. RLDA has since been constituted in terms of Extraordinary Gazette Notification dated 31.10.2006, as amended on 5.1.2007. The Rules for functioning of RLDA have also been notified in the Extraordinary Gazette dated 4.1.2007. Indian Railways (IR) has approximately 43,000 hectares of vacant land. Land which is not required for operational purposes in the foreseeable future would be identified by the zonal railways and the details thereof would be advised to Railway Board. Such plots of land would thereafter be entrusted to RLDA by Railway Board in phases for commercial development.
RLDA, since its inception in 2007 has been making great efforts to boost the railway infrastructure and creation of New Railway Assets in India. It has continuously been expanding the coverage of railway land for commercial/residential, colony, station and multi-functional complexes development/redevelopment.
RLDA has broken all previous records of earnings as well as those of awarding of lease contracts in 2019-20. It has awarded tenders for a long lease of land parcels worth Rs 1550 crores during the year which is its highest ever performance so far. The total earnings of RLDA during the year 2019-20 has been Rs 931 Crores as against Rs 31 Crores, 18 Crores, 43 Crores and 83 Crores in the previous four years.
RLDA has been entrusted 125 Greenfield Land Parcels by MoR for Commercial Development having an approx. area 253 hectares. with a total revenue potential of about Rs. 8500 Crores. Out of these 26 sites having revenue potential of 1989 Crores have 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 of 99 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 out through 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 Colonies, 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 will 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 will quick start most modern development in 800 meters radius all round and will be completed in 4 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 123 MFCs for development to private developers. Out of these 58 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 16 MFCs have been commissioned. The Developers selected through Upfront Lease Premium model by open and transparent - bidding process. For development of MFCs approval of local bodies is not required.