Thirteen firms show interest in Bijwasan railway station redevelopment project – ET RealEstate

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NEW DELHI: GMR, L&T and NHSRCL are among the 13 firms that have shown interest in the redevelopment of a vacant land near the Bijwasan railway station in Delhi, the IRSDC said on Sunday.

A total of 13 players participated in a pre-bid consultation conducted by the Indian Railway Stations Development Corporation (IRSDC) for leasing about 18,000 square metres of land for mixed-use development as part of the Bijwasan Railway Station Development project.

The IRSDC had recently invited a request for proposal (e-RFP) for the leasing of the vacant land for mixed-use development as part of the project.

Bids have been invited from the interested entities for the mixed-use development of eight land parcels measuring 18,000 sq.mtr with an approximate “built-up area” of 50,233 sq.mtr allowed for development on the basis of lease rights up to 99 years.

The others who have shown interest are Bharti Realty, Godrej Funds, Eldeco, Holistic Urban-Gannon Dunkerely, One Group Developers, Oriental Structures, Kalpataru Power Transmission, MKS Ventures, Thoth Infra and Virtuous Retail.

The Bijwasan station area development tenders have already been awarded on the “engineering, procurement and construction” (EPC) mode and at present, the development work is in progress.

“The Bijwasan railway station will be developed into a world-class transport hub with an aim to offer superior travel experience to passengers. The development work at the station area is already under progress and we have recently invited e-RFP from bidders for mixed-use development of the land parcel.

“We conducted the pre-bid meeting and the response was impressive with participation from 13 firms. The mixed-use development of the land parcel has provisions for facilities like residential complex, hotel, retail, office spaces, commercial complex and markets etc., which makes it enticing for real estate developers. There are many economic benefits to the project in terms of employment generation, reduced environmental pollution and overall improvement in the standard of living in the vicinity,” IRSDC Managing Director and Chief Executive Officer SK Lohia said.

The IRSDC is a joint venture company of the RLDA, the RITES and the IRCON. The IRSDC is at the core of the Indian Railway’s mission of transforming the country’s railway stations into world-class 24×7 hubs and is the nodal agency and the main project development agency (PDA) for redevelopment of railway stations.

These redeveloped hubs will be called “Railopolis” and attract huge investment and business opportunities.



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IRSDC invites tender for mixed-use development of Delhi’s Bijwasan railway station – ET RealEstate

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NEW DELHI: The Railways has invited request for proposals for leasing a land parcel here for mixed-use development as part of the Bijwasan railway station development project.

The total land area available for mixed-used development is 18,000 square metres and is available for bidders on lease hold rights for a period of up to 99 years, the Indian Railway Stations Development Corporation Limited (IRSDC) said in a statement.

The approximate built-up area allowed for development is 50,233 square metres, it said.

“The development of land parcels will offer provision for facilities like residential complexes; hotel, retail and office spaces; commercial complexes; and markets, which make it attractive for real estate developers,” Managing Director and Chief Executive Officer, IRSDC, SK Lohia said.

“It also offers huge economic benefits in terms of increased employment, reduced environmental pollution and overall improvement in living standard of people in the catchment area,” he said.

The pre-bid meeting is scheduled on April 15 and the last date to submit applications is May 10 for the land parcel.

Tenders for the station’s development have already been awarded on ‘Engineering, Procurement and Construction’ mode and at present, work is in progress, according to the statement.

The development work at the Bijwasan railway station here is being done on the principles of ‘Transit Oriented Development’ for compact, energy efficient and passenger friendly amenities.

The statement said that a memorandum of understanding with the Delhi Development Authority was signed in December 2019 for the redevelopment of the station, which is also designated to be a integrated directional passenger terminal as part of the Master Plan for Delhi-2021.

The IRSDC is a joint venture company of RLDA, RITES and IRCON.

The redevelopment of railway stations is part of the railways’ plans to transform them into world-class 24×7 hubs. These redeveloped hubs will be called ‘Railopolis’ as it will attract huge investment and business opportunities.



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