RLDA to monetise and generate revenue from Kalka-Shimla rail corridor

24 Dec 2021 CW Team

The Rail Land Development Authority (RLDA) plans to monetise land on the Kalka-Shimla section to generate revenue from the vacant land through non-tariff ways. Recently, RLDA surveyed the stations of the Kalka-Shimla section.

The railway department has taken measurements and mapped the vacant land at many stations on the section.

Divisional Railway Manager (DRM), Gurinder Mohan Singh, said that land monetisation converts vacant land into an asset for generating revenue.

The proposal was approved by the National Institution for Transforming India (NITI) Aayog under the National Monetisation Pipeline scheme. It will check ticketing, coach maintenance, track maintenance, platform maintenance, cleanliness and other amenities.

Singh said that RLDA is a statutory authority under the Ministry of Railway for developing vacant railway land for commercial use to generate revenue through non-tariff measures.

The vacant land section will be used for commercial needs from which the railway department can generate revenue from non-resourceful projects.

According to NITI Aayog, the commercial activities of the Kalka-Shimla section will be put under a private company, which will include the responsibility of ticketing, coach maintenance, track maintenance, platform maintenance, cleanliness and other amenities.

Track repair and replacement and other safety measures will be vested with the Ministry of Railways. General maintenance and repair will be the responsibility of the private firm. Privatisation will include railway traffic signaling systems, overhead electrification lines, overhead equipment, and track maintenance. The process of privatisation will be initiated by the end of 2022.

Image Source

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..