Railway Rawalpindi Division (RRD) has approved to lease out hundreds acres agriculture and commercial land existing in the division to increase monthly income.
As per media reports, the proper auction process in respect of 66 plots measuring 3 Kanal to 3.50 acres will be started from 24th September and will continue till 10th October on daily basis.
Railway Rawalpindi Division will get the monthly income of 500 million rupees due to this lease. This railway land can also be used for parking, agriculture purposes and nursery.
This railway land is not in use since 70 year. Some big traders and industrialists have shown interest to obtain this land on lease.
In the second phase of this auction, redundant land of other 6 Railway Divisions will be given on lease.