Indian Railways Adopts Form-Based Codes For Station Redevelopment Project
As part of Indian Railways' project of redeveloping stations across the national transporter's network in the country, the nodal agency has developed a first-of-its-kind 'form-based codes' for the commercial development of railway land. The Indian Railways Station Development Corporation or IRSDC, responsible for executing the station redevelopment project, has adopted the form-based codes approach, as per the guidebook issued by the Ministry of Housing and Urban Affairs. (Also Read: Bids Open For New Delhi Station Redevelopment: Adani, GMR, Others In Fray )
According to a statement shared by the organisation, the move is aimed at revamping railway land or railway station areas into Railopolis, based on the principles of transit-oriented development or TOD. Once redeveloped, the stations will offer world-class, state-of-the-art amenities to passengers. A Railopolis is a mini smart city with mixed-use development where people can reside, work, and play. These areas attract huge investment and various business opportunities.
In order to expedite the station redevelopment project, improve ease-of-doing-business, and streamline the process, the organisation has developed handbooks and codes. The form-based codes approach is simply a comprehensive set of codes, norms, and guidelines prepared by the nodal organisation to plan station redevelopment and regulating commercial development of railway land.
The organisation stated that the testing of the draft codes is being done at the ongoing station redevelopment projects at Nagpur, Chandigarh, Amritsar, Gwalior, Bijwasan, Anand Vihar, etc. According to Indian Railways Station Development Corporation, the codes or handbook/guidebook are compiled in six parts, which are as follows:
- Handbook for station planning
- Guidebook for operationalizing national transit-oriented development policy for railway and station redevelopment
- Form-based codes for commercial development of railway land
- Codes for architectural design of commercial assets
- Green building codes for commercial development on railway land
- Codes for railway heritage asset
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.