Seven developers have evinced interest in developing land parcels as part of the Chandigarh railway station redevelopment.
The pre-bid meeting received response from Eldeco, Developer Group, Virtuous Retail South Asia, Kalpataru Power Transmission and Omaxe, among others.
The Indian Railway Station Development Corporation (IRSDC) had recently invited request for proposal (RfP) for leasing vacant land parcels for mixed-use development as part of the Chandigarh Railway Station redevelopment project.
Accordingly, bids were invited from interested entities for mixed use development of land parcels on lease rights basis up to 99 years.
Four land parcels — SP4 (12,427 sq mtr), SP5 (15,027 sq mtr), SP6 (17,890 sq mtr) and SP7 (11,347 sq mtr) span across 56,691 sq mtr of land, with a total allowable built-up area (BUA) of 2,32,341 sq mtr 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.