DLF, GMR and Raheja are considering creating a rail part close to the Dwarka metro station | All Tech Sir

DLF, Godrej, Raheja and GMR are among the many 15 main actual property gamers who’ve expressed curiosity in creating the Rs 1,193-crore railway web site close to the Dwarka Metro station within the capital.

Railways has supplied 124,000 sq. meters of land on lease for 99 years for industrial and residential improvement in Sector 21, Dwarka.

The land on provide has a reserve value of Rs 1,193 crore and is for blended use — 55 per cent residential and 45 per cent industrial on an built-in railway plot.

The proposal to develop railway land close to Dwarka metro station obtained a superb response as many main gamers attended the pre-tender convention organized by the Railway Land Improvement Authority (RLDA).

Builders who participated within the pre-bid assembly have been: DLF, Omaxe, Godrej Properties, Bharti Realty, GMR Group, Unity Group, Pacific Group, Raheja Group, ELDECO Group, Balaji Properties, ATS Homekraft, Birla Estates, Younger Builders (P) Ltd. , Welspun Enterprises and Jindal Realty.

The pre-bid convention was held on-line and offline.

The positioning is strategically positioned close to the Indira Gandhi Worldwide Airport in southwest New Delhi. The positioning has two distinct frontages and is accessible from the primary Sector-22 street on the west and the City Extension Street (UER-II) on the south.

The positioning is bounded by the Dwarka Sector 21 metro station and Pacific D21 Mall to the north, the proposed Bijwasan Railway Station to the east and the proposed Dwarka ISBT to the west.

RLDA Vice Chairman Ved Parkash Dudeja stated, “We’re happy to notice the presence of main builders within the pre-tender assembly for this plot. The plot is adjoining to Dwarka Sector 21 metro station and is surrounded by well-developed developments. bodily and social infrastructure, making it best for mixed-use improvement.

RLDA is a statutory physique with Ministry of Railways liable for improvement of railway lands. As a part of its improvement technique, the RLDA has 4 key mandates: leasing industrial areas and multi-functional complexes, redevelopment of colonies and station redevelopment.

Dudeja stated the situation is a profitable alternative for builders to construct a residential/industrial venture to satisfy New Delhi’s rising demand for premium actual property.

Throughout the present monetary 12 months, RLDA leased 22 plots positioned in Bangalore and Raichur (Karnataka), Liluah and Salt Golah (Howrah), Nizamabad (Telangana), Egmore (Chennai), Bhopal (MP), Ludhiana (Punjab), Abu. Rod and Rana Pratap Nagar (Rajasthan), Bhusawal and Solapur (Maharashtra), UP, Katra (J&Ok), Muzaffarpur (Bihar), Sirsa (Haryana) and Kannur (Kerala) Bareilly, Varanasi and Gorakhpur at a mixed rental premium of Rs.Bangalore, Bhopal , about 314 cr to be developed in Egmore (Chennai), Bareilly, Ludhiana, Muzaffarpur and Kannur Railway Colonies. railway property within the quantity of 1916 kr.

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