Indian Railway Stations Development Corporation Ltd (IRSDC) had recently invited Request for Proposal (e-RFP) for leasing vacant land parcel for mixed-use development as the part of Bijwasan railway station development project.
“We conducted the pre bid meeting and the response was impressive with participation from 13 firms. The mixed-use development of land parcel have provision for facilities like residential complex, hotel, retail, office spaces, commercial complex and markets, 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”, said SK Lohia, Managing Director and Chief Executive Officer, IRSDC.
Accordingly, bids have been invited from interested entities for mixed use development of land parcel MU – 8 having a land area of 18,000 Sqm with an approximate ‘Built-Up Area’ (BUA) of 50,233 sqm. allowed for development on lease rights basis upto 99 years.
The station area development tenders have already been awarded on ‘Engineering, Procurement and Construction’ (EPC) mode and at present the development work is in progress.
“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 land parcel,” said Lohia.
Indian Railway Stations Development Corporation Ltd. (IRSDC) is a Joint venture company of RLDA, RITES and . IRSDC is at the core of Indian Railway’s mission of transforming 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’, as it will attract huge investment and business opportunities.