Railway offers land near Howrah station on lease to raise funds The national transporter is offering it on 99-year-lease for residential-cum-commercial development at a reserve price of Rs 448 crore
A prime railway land near the iconic Howrah station will be offered on 99-year-lease for residential-cum-commercial development as the national transporter looks to raise funds, officials said on Thursday.
The land parcel, having an area of 88,300 sq metres, is located along the Hooghly riverbank and will be put under the hammer with a reserve price of Rs 448 crore, they said.
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“Rail Land Development Authority has invited bids for leasing vacant railway land at Salt Golah in Howrah. It is situated along a 20-metre-wide highway, around 1.5 km from the Howrah station,” an official said.
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