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 with an approximate “built-up area” of 50,233 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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RLDA to complete Gomti Nagar railway station redevelopment by Dec 2022 – ET RealEstate

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The redevelopment of the Gomti Nagar Railway Station in Lucknow will be completed by December 2022, according to the Rail Land Development Authority (RLDA).

Station redevelopment has two phases – mandatory station development and commercial development with a total construction cost of Rs 190 crore and Rs 170 crore, respectively.

According to RLDA, about 10% of the commercial space has already been booked by retail players.

Presently, out of two commercial towers – Block R1 and Block R2 as a single unit with a combined built-up area of 4,53,000 sq. ft. are being auctioned with some units having been already sold 15-20% above the reserve price.

The station is being jointly redeveloped by Rail RLDA, in partnership with NBCC, on an EPC mode.

“We are enthused by the overwhelming response garnered in the Gomti Nagar project. The redeveloped station will enhance the travel experience, boost tourism and real estate and have a multiplier effect on the local economy. The entire project is slated to be completed by December 2022, while the station is likely to be upgraded earlier” said Ved Parkash Dudeja, Vice Chairman, RLDA.

The Railways has around 38 acres of the land parcel at the Gomti Nagar railway station, out of which eight acres is being utilised for both station redevelopment and retail and commercial development.

The average lease price is pegged at Rs 6,625 per sq ft for Block R1 and Rs 5,900 per sq ft for Block R2. The proposed commercial development of the railway station will be leased for 60 years and is located in the vicinity of luxury apartments, high-end commercial spaces and a five- star hotel.

Gomti Nagar Railway terminus (GTNR) is an under-construction railway station situated on Barabanki-Lucknow Suburban Railway in Lucknow, Uttar Pradesh. It has excellent connectivity to other parts of the city via the main arterial road of the city called Shaheed Path. The property has frontage on the main road of the Vibhuti Khand, Gomti Nagar that is developing rapidly as a commercial and retail hub.

To complement the redeveloped Gomti Nagar station and for efficient utilization of the office and retail space thus generated, RLDA is in advanced stages of bidding out an additional 5.5 acres of land earmarked for residential development on a 99-year lease period.

The residential development will introduce a Walk to Work concept and will be most utilitarian keeping in view recent retail development in Gomti Nagar area.

RLDA and IRSDC are currently working on 123 stations in a phased manner In the first phase, 50 stations such as New Delhi, Mumbai CST, Amritsar, Sabarmati, Gwalior Gomti Nagar, Tirupati, Dehradun, Nellore, Puducherry, Ernakulam Jn. have been prioritized for redevelopment. The railway stations across India will be redeveloped on a PPP Model as a part of the Smart City Project launched by the Government of India.

Rail Land Development Authority (RLDA) is a statutory body under the Ministry of Railways for the development of Railway land. It has four key mandates as a part of its development plan, namely leasing of commercial sites, colony redevelopment, station redevelopment and multi-functional complexes.

Currently, the Indian Railway has approximately 43,000 hectares of vacant land across India, of which RLDA has over 92 commercial (Greenfield) sites across India for leasing to the eligible developers after selection through an open and transparent e-bidding process. RLDA is currently also handling 84 railway colony redevelopment projects and has recently leased out a railway colony in Guwahati for redevelopment.

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Seven builders interested in developing land parcels at Chandigarh railway station: IRSDC – ET RealEstate

Seven developers have shown interest in developing land parcels as part of Chandigarh Railway Station Redevelopment, according to the Indian Railway Stations Development Corporation Ltd. (IRSDC).

The pre bid meeting on Friday received response from Eldeco, Developer Group, Virtuous Retail South Asia, Kalpataru Power Transmission Ltd and Omaxe Ltd among others.

IRSDC had recently invited Request for Proposal (RFP) for leasing vacant land parcels for mixed-use development as the part of Chandigarh Railway Station redevelopment project.

Accordingly, bids were invited from interested entities for mixed use development of land parcels on lease rights basis upto 99 years.

Four land parcels- SP4 (12,427 sq. m), SP5(15,027 sq. m), SP6(17,890 sq. m.) and SP7(11,347 sq. m.) span across 56,691 sqm. of land, with a total allowable Built-Up Area (BUA) of 2,32,341 sqm are on offer for development.

Chandigarh Railway Station will be developed into a world class transport hub to offer a superior travel experience to passengers. We conducted the pre bid meeting today for leasing the vacant land parcels which are part of the Chandigarh railway station redevelopment and are suitable for a mixed-use development that will accentuate real estate prospects in the vicinity. We have received a positive response from real estate developers for these land parcels,” said SK Lohia, Managing Director and Chief Executive Officer, IRSDC.

Redevelopment of railway stations across India is a priority program of the Ministry of Railways, Government of India. This agenda is being driven with full force by the Government with the participation of private players as a part of PPP projects.

As part of this agenda, work on redevelopment of 123 stations is in progress. Out of this, IRSDC is working on 61 stations and RLDA is working on 62 stations. As per current estimates, total investment needed for redevelopment of 123 stations along with real estate development is about Rs 50,000 crore.

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