{"id":2215,"date":"2019-02-14T09:54:52","date_gmt":"2019-02-14T09:54:52","guid":{"rendered":"http:\/\/pgawards.wpengine.com\/?p=2215"},"modified":"2021-06-04T14:16:29","modified_gmt":"2021-06-04T07:16:29","slug":"indian-railways-to-build-affordable-homes-near-stations","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/indian-railways-to-build-affordable-homes-near-stations\/","title":{"rendered":"Indian Railways to build affordable homes near stations"},"content":{"rendered":"
\"\"
A view above trains at the New Delhi railway station. saiko3p\/Shutterstock<\/figcaption><\/figure>\n

The Indian Railway Station Development Corporation (IRSDC) has set out plans to build affordable housing\u00a0in\u00a0Delhi,\u00a0Zee Media<\/a>\u00a0reported, citing high-ranking officials close to the initiative.<\/p>\n

The IRSDC, which operates under the Ministry of Railways,\u00a0plans to build residential units in sizes ranging from 40 to 60 square metres near select train stations. They will mostly be classified as studio apartments and 1-BHK (one bedroom, one hall, one kitchen) homes, with prices ranging between INR40 lakh (USD56,300) and\u00a0INR50 lakh.<\/p>\n

These units will offer residential opportunities to commuters going to work from remote areas in the city, an official relayed to Zee Media.<\/p>\n

The IRSDC is currently refurbishing the Bijavasan station in Delhi into a state-of-the art multi-transport hub under the Railway Stations Re-Development Program. Located close to the Indira Gandhi International Airport, the Bijavasan station will be redeveloped at a cost of INR350 crore initially, supported in part by\u00a0loans from the Indian Railway Finance Corporation.<\/p>\n

The first phase of the redevelopment will cover the main station area and terminal and complete in around two and a half years.<\/p>\n

The New Delhi and Old Delhi railway stations, as well as the Sarai Rohilla and Nizamuddin stations, have\u00a0undergone various stages of redevelopment, Zee Media noted.<\/p>\n","protected":false},"excerpt":{"rendered":"

Units to benefit residents of outlying areas in Delhi<\/p>\n","protected":false},"author":2,"featured_media":19937,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92],"tags":[],"class_list":["post-2215","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","news_country-india","news_author-property-report"],"acf":[],"yoast_head":"\nIndian Railways to build affordable homes near stations | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.asiapropertyawards.com\/en\/indian-railways-to-build-affordable-homes-near-stations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" 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