The report of the feasibility study for commercial development of the 10 sites, spread over 265 acres of land, has been submitted to the Rail Land Development Authority (RLDA).
"The study conducted by the IL&FS has recommended construction of group housing societies, integrated township and marketing complex at these places," said a senior RLDA official.
There are about 700 acres of railway land in 107 sites across the country, which have been shortlisted for commercial development on public private partnership (PPP) basis.
The sites selected for commercial development in the first phase are in Delhi, Kanpur, Gwalior, Vishakhapatnam, Kolkata and Bangalore.
However, the construction of hotel at railway land has found approval only in Bangalore in the feasibility report. "We will invite tender for construction of hotel on a three-acre of land in Bangalore," said the official.
The Ministry of Railways hopes to earn Rs 400 crore (Rs 4 billion) from the ten sites.
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