By leasing out its land to build hotels, malls, warehouses and even residential complexes Indian Railways hopes to mop up about Rs 2,000 crore. Railway Minister Pawan Kumar Bansal announced that a target of Rs 1,000 crore each is proposed to be fixed for Rail Land Development Authority and IR Station Development Corporation in 2013-14. The 43,000 hectares (one lakh acres) of vacant land at the disposal of Railways is worth an estimated Rs 22 lakh crore.
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