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Railways to mop up Rs 2,000 cr via land leasing

Railways to mop up Rs 2,000 cr via land leasing

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.