Ministry of Railways to monetise redeveloped stations through REITs

With a massive asset pipeline to monetise in 2022-23, the Ministry of Railways is setting the wheels in motion to put redeveloped stations up for grabs through Real Estate Investment Trusts (REITs). While the target this year is close to Rs 30,000 crore, the ministry is likely to offer assets in smaller tranches, Business Standard has learnt. 

The decision assumes significance as MoR has been lagging behind in achieving its targets under the National Monetisation Pipeline (NMP) of the Centre, during the last fiscal year. The Railways alone is responsible for achieving a fourth of the ambitious Rs 6-trillion