Railways to lease land, mop up Rs 2,000 crore
The Indian Railways hopes to mop up about Rs 2,000 crore by leasing out railway land to build hotels, malls and even residential complexes. The Rail Land Development Authority, which will officially monetize the plots on behalf of the railways, will soon invite bids from private developers to execute the project. However, it's been a year since the proposal was first presented. Here's why.
