Railways to Lease Prime Mumbai Land Worth Crores
MUMBAI: India’s largest landowner is leasing prime real estate across the country to fund infrastructure projects. In September, Indian Railways, via its land development authority (RLDA), called for bids to generate at least Rs 8,000 crore by leasing significant land areas in Mumbai. The RLDA plans to offer around 10.11 hectares in four key locations in Mumbai’s bustling real estate market. These Mumbai plots are part of nearly 340 hectares the RLDA intends to lease to private entities nationwide. The railways aim to lease approximately 110 hectares in Mumbai gradually. Land slices have been identified for auction in upscale areas…