CAG Slams RLDA: Railway Land Development Stalled, Billions in Revenue Lost

• CAG report exposes Rail Land Development Authority's (RLDA) severe failures in commercial development of railway land and multi-functional complexes.
• Despite 998 hectares handed over, zero development on 35 commercial sites awarded contracts; only 14 of 53 multi-functional complexes completed.
• RLDA faced a massive revenue shortfall, earning only ₹332.79 crore against an estimated ₹3,281.32 crore between 2017-2022.
• Report highlights significant undervaluation of land (₹287.76 crore on 3 sites) and improper discounts (₹135.76 crore), leading to further losses.
• Delays, land disputes, and failure to recover over ₹40 crore in dues further crippled RLDA's performance.

Why It Matters: CAG report reveals RLDA's abysmal failure in land development, causing huge revenue losses.