Residential townships will henceforth be permitted within the vicinity of railway stations as component of the Railways’ elaborate station overhaul scheme, a senior-most official of IRSDC, the central agency for the project, said on February 24.
Sanjeev Kumar Lohia, MD and CEO of Indian Railway Stations Development Corporation
Limited (IRSDC), stated that the Railway Board has given its nod to development of homes besides trade advancement as part of the reclamation project of railway stations to make these types of projects more lucrative commercially.
“The railway board has allowed residential development. A significant aspect of the transit oriented policy is that overall travel impact assessment should be less. If the residential and the commercial exist in one place then people who work there, can stay there – for them it will be walk to work,” he said.
Lohia also confirmed that the axiom of the scheme of having such residential constructions on railway plots close to a railway station will go an extra step to ascertain that all the commuting prerequisites of the people living there are fulfilled.
“This (the residential complex) is not for penthouses, but for smaller dwellings for people who are dependent on public transport rather than those who want to have personalized vehicles. That is the principle of transit oriented development that you build densities around transit, “said Lohia, also apprising that the entire lot of 600 stations selected for revamping will have a built-in residential unit.
IRSDC is a Railways’ collaborative enterprise company,
According to the station revamping programme, railways will give the stations to be revamped on a 99-year lease to the uppermost petitioner for consummation, expansion and successive running. Previously, the lease incumbency was 45 years.
Lohia also shared that the investment plan for the renovation and economic progress simultaneously is accounted to be Rs 1.07 lakh crore.
Whereas the transition-headed policy is being propelled all through the nation, several veterans are at odds to the initiative saying that the move of thick population close to transit corridors was a bad ideal as it would add to the already crowded station regions.