MINISTER OF STATE IN THE MINISTRY OF RAILWAYS (SHRI R.VELU)
(a) & (b): Yes, Sir. Necessary instructions have been issued to Central
Railway on 01.02. 2006 to transfer the land in question in exchange of
suitable land of equal monetary value to the State Government as per
extant policy.
(c): It is likely to take about 3 more months depending upon completion
of joint measurement of railway land by State Government and the Railway
Administration, evaluation of railway land by the State Government and issue
of an undertaking by the State Government that in case land of equitable value
belonging to the State Government is not available immediately for transfer to
Railway, the Government of Maharashtra undertakes to hand over to Central
Railway a suitable land of equitable monetary value identified mutually by
Railway and the Government of Maharashtra.