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 extends bidding deadline for commercial space at Chandigarh railway station – ET RealEstate

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CHANDIGARH: People who want to bid for space in the 25-lakh-square-foot commercial area at the local railway station have another two months. Indian Railway Stations Development Corporation (IRSDC) has extended the deadline.

Highly placed sources in IRSDC said now they will accept bids till August 24, while the earlier deadline was June 24. Prospective bidders had requested the corporation for more time to let the Covid-19 situation improve. The pandemic has caused a huge shortage of labour, which has stalled major projects. In this environment, companies do not want to start something fresh in absence of any basic requirement.

On May 20, the corporation had a pre-bidding meeting with giants of the real-estate, industrial, and fund houses sectors. Participants included L&T, Eldeco, Adani Group, Kalpataru Power Transmission, JLL, JKB Infrastructure, and AECOM. Chief executive officer S K Lohia represented the IRSDC.

A railway official said that the request for proposal (RFP) for mixed use development of the land parcel on the basis of leasehold rights was invited on January 3. The first due date for bidding was May 27. During the pre-bid meeting, companies requested for more time. The IRSDC plans to put in Rs 136 crore in this project to make the station world-class with the addition of an international airport by 2021. But the revamping has not started yet and the project winner is inactive.

On June 26, the IRSDC opened the bids for four stations (Gwalior, Nagpur, Amritsar, and Sabarmati) and soon the work will commence on these sites.

The four projects will be railways’ first started by in-principle approval of the Centre’s Public Private Partnership Appraisal Committee (PPPAC). These are also first to have provision for pre-determined user charges on passengers and visitors as a revenue stream for the concessionaire of the redeveloped stations.

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