The Railway Land Development Authority (RLDA), a statutory authority responsible for creating assets for the railways, was insisting on a profit share in the project in return for providing its prime land. The state government, on the other hand, was trying to convince the railways to accept a lump sum for the property
The Maharashtra government has agreed to share its profit from the ambitious Dharavi redevelopment project with the railways, which have given a 45-acre piece of their land towards the project. According to the formula, the railways will get around 0.21% as their share. The availability of railway land could turn out to be an important factor in putting the stalled makeover project back on track.
https://www.hindustantimes.com/cities/mumbai-news/state-agrees-to-pay-3-800-crore-for-45-acre-railway-plot-101665429146519.html
Source: Hindustan Times
