Indian Railways to allow land monetisation for redevelopment of 16 stations

Reverting its earlier plan, Indian Railways has decided to club real estate monetisation with the redevelopment of 16 stations in India including Anand Vihar in Delhi and Thane, Dadar and Andheri in Mumbai. All 16 stations will be bid out in the public-private partnership (PPP) mode in FY2023, according to a report in the Economic Times (ET). 

Earlier, Indian Railways had removed real estate monetisation as a part of station redevelopment. However, on reports of the private sector being unable to recover their investment, the decision is being reversed. 

“The private sector cannot be expected to recover their investment from hiking