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RLDA partners with Knight Frank India, to monetize unused rly land

Frank to monetize

In a bid to upgrade passenger amenities and enhance rail travel experience, Rail Land Development Authority (RLDA) has partnered with Knight Frank India to lease out hectares of vacant land not required for operational purpose to developers for commercial usage.

“RLDA will monetize unused railway land parcels in 53 locations across the South and West of India,” said a press release.

Knight Frank India is responsible for conducting site visits, coordinating collaterals, “Expression of Interest” from developers, retailers and hoteliers, as well as managing the bid process.