Railways allows building of Residential Complexes around stations

Railwat stationBy Accommodation Times Bureau

NEW DELHI

A top official of Indian Railway Stations Development Corporation Limited (IRSDC) said, on Saturday that, as a part of Railways’ ambitious station redevelopment programme, now residential complexes will be allowed around railway stations.

“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 walking to work,” said, Sanjeev Kumar Lohia, Managing Director and Chief Executive officer of Indian Railway Stations Development Corporation Limited (IRSDC).

Indian Railway Stations Development Corporation Limited (IRSDC) is a Railways’ joint venture company.





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