Ministry of Railways to monetise redeveloped stations through REITs

The Ministry of Railways (MoR) is planning to monetise the redeveloped stations through real estate investment trusts (REITs). While the target for 2022-23 is close to Rs 300 billion, the MoR is planning to offer assets in smaller tranches. As per the plan, it will conduct the redevelopment in EPC mode instead of public-private partnership, and then monetise wh­en the assets will be complete and their valuation will be higher. The de­cision holds significance as the MoR has been lagging behind in achieving its targets under the National Monetisation Pipeline (NMP) during the last fiscal year.