2 days ago
India has a long history of development of railways. Over the past 180 years, a huge network of rail lines and stations have been developed. Rail networks were brought into the centre of cities and as a result, the city centres further got intensified and cities spread outward. Over the decades, rail stations emerged as significant urban nodes with commercial developments all around, attracting heavy traffic congestion and strained infrastructure. Even so, these centrally located areas, owing to their intrinsic characteristics, have also become expensive locations. Large tracts of land acquired by the railways in the yesteryears for operational, residential and other purposes have now become prime real estate. Buildings have either become obsolete, derelict or even abandoned. Currently, Indian railways has a portfolio of around 43,000 hectares of land and is perhaps the largest land holder in the country.