March 03, 2021

Tricity

IRSDC to lease out vacant land parcels as part of Chandigarh Railway Station Redevelopment

Kaumimarg.com | February 22, 2021 09:30 PM

Chandigarh -Indian Railway Stations Development Corporation Ltd. (IRSDC) has 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 have been invited from interested entities for mixed use development of land parcels on lease rights basis upto 99 years. RFP document is available at: https://www.etenders.gov.in/eprocure/app

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. Bidders can bid for all the four land parcels or can also bid for individual land parcel, as per their choice. The pre-bid meeting will be held on 12th March 2021, and the deadline for bid submission is 16th April 2021.

“Chandigarh Railway Station will be developed into a world class transport hub to offer a superior travel experience to passengers. These vacant land parcels which are part of the Chandigarh railway station redevelopment are suitable for a mixed-use development that will accentuate real estate prospects in the vicinity. The redevelopment will also boost tourism, generate employment and have a cascading impact on the local economy, ” said Sh. S.K. 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.

Have something to say? Post your comment