Monetisation plan: Telangana’s major railway asset to be sold

This is among two properties zeroed in, apart from one in Nizamabad, which recently completed the bidding process and will be handed over for development.

Published: 27th August 2021 09:01 AM  |   Last Updated: 27th August 2021 09:01 AM   |  A+A-

Indian Railways

(File Photo | PTI)

Express News Service

HYDERABAD: Even as the Union government unveiled its plan to monetise some large assets as part of National Monetisation Pipeline (NMP), the RLDA (Railway Land Development Authority) has speeded up the process to monetise projects in Telangana. 

In this endeavour, tenders were floated for a major asset of over 21 acres of land at Moula Ali, the bidding for which will begin on September 2. This will be the second major project of RLDA, after a land development project of 25 acres was handed over to Godrej developers in Delhi.

This is among two properties zeroed in, apart from one in Nizamabad, which recently completed the bidding process and will be handed over for development. The process involves master planning of architecture, financial analysis and handing over the properties for a lease period of 45 years or more, depending on whether they would be ustilised as commercial or residential properties.

“For the upcoming project, a lot of preliminary work will be done and the best use will be evaluated, as to what could suit the place, including office space, retail mall, logistic park or hospital,” informed RLDA officials.

The RLDA, taking the catastrophic effect of the pandemic in its stride, is targeting revenue generation of Rs 2,000 crore for the Indian Railways in 2021-22. “These sites offer tremendous growth opportunities for investors and developers. Once the projects at the sites are completed, they will lead to economic development along with employment generation, and boost real estate prospects,” Ved Parkash Dudeja, vice chairman, RLDA, recently stated.

In Telangana, the 21.51 acre land at Moula Ali is the second site after Nizamabad’s 2,204.96 sq metre land, which will be monetised. “Interested bidders are approaching us,” said, GVVS Raju, Chief Project Manager, RLDA, Secunderabad.

Rly stations to be improved

The Indian Railways has also taken up the task of improving railway stations. A total of 56 stations under SCR (South Central Railway) were identified for this


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp