Rail land development authority
The Rail Land Development Authority (RLDA) has been constituted through an amendment to the Railways Act, 1989 with effect from 1.11.2006. The Authority will cosist of Chairman, Vice-Chairman and four members, including one from outside (i.e. non-Railway member) who will be an expert in real estate.
The authority will take up such vacant land for commercial development which is not required by Railway for its operational use as entrusted to it by the Ministry of Railways. RLDA will also take up provision of modern amenities for railway users through commercial development of vacant land and air space at nominated stations.
This information was given by Shri R.Velu, Minister of State for Railways in a written reply to a question in the Lok Sabha today.
IKC/CK
(Release ID :22592)