NMRC offers plots near Okhla Bird Sanctuary station
Real Estate

NMRC offers plots near Okhla Bird Sanctuary station

The Noida Metro Rail Corporation (NMRC) has issued an expression of interest (EOI) for the commercial development of three plots totalling 44,151 sqm near the Okhla Bird Sanctuary metro station. These plots, situated near high-rise buildings such as Supertech's Supernova and educational institutions like Amity University, are available for development.

Currently, NMRC operates the Aqua Line, which extends 29.7 km from Sector 51 to Depot Station in Greater Noida. Since its launch in January 2019, the line has seen a significant increase in daily ridership, rising from 18,000 passengers in 2019 to 55,000 in 2024.

The corporation stated that it owns properties adjacent to the Okhla Bird Sanctuary metro station. In the EOI document, NMRC highlighted the necessity for sustainable project operation through innovative revenue strategies and project structuring. The document noted that many transport systems worldwide have implemented innovative financing methods for projects via commercial property development. NMRC plans to select a suitable developer, concessionaire, or licensee for the development of Plot FC 04 in Sector 94 near the Okhla Bird Sanctuary Metro Station through a public-private partnership model via an open bidding process.

According to officials, the EOI process is designed to attract experienced firms, developers, and institutions with a proven track record in commercial real estate development, encompassing project management, financing, marketing, design, leasing, and management. The plots are designated for commercial use according to the Noida Master Plan and the Noida Building Byelaws 2010, with a lease period of up to 60 years from the execution date. Developers are expected to design buildings that will last for 100 years or more.

The Noida Metro Rail Corporation (NMRC) has issued an expression of interest (EOI) for the commercial development of three plots totalling 44,151 sqm near the Okhla Bird Sanctuary metro station. These plots, situated near high-rise buildings such as Supertech's Supernova and educational institutions like Amity University, are available for development. Currently, NMRC operates the Aqua Line, which extends 29.7 km from Sector 51 to Depot Station in Greater Noida. Since its launch in January 2019, the line has seen a significant increase in daily ridership, rising from 18,000 passengers in 2019 to 55,000 in 2024. The corporation stated that it owns properties adjacent to the Okhla Bird Sanctuary metro station. In the EOI document, NMRC highlighted the necessity for sustainable project operation through innovative revenue strategies and project structuring. The document noted that many transport systems worldwide have implemented innovative financing methods for projects via commercial property development. NMRC plans to select a suitable developer, concessionaire, or licensee for the development of Plot FC 04 in Sector 94 near the Okhla Bird Sanctuary Metro Station through a public-private partnership model via an open bidding process. According to officials, the EOI process is designed to attract experienced firms, developers, and institutions with a proven track record in commercial real estate development, encompassing project management, financing, marketing, design, leasing, and management. The plots are designated for commercial use according to the Noida Master Plan and the Noida Building Byelaws 2010, with a lease period of up to 60 years from the execution date. Developers are expected to design buildings that will last for 100 years or more.

Next Story
Technology

We’re building robots that flow, not just move

Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company’s origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why ‘Flo’ and not ‘Flow’?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, ‘mobility’ naturally became part of the name. We wanted to co..

Next Story
Real Estate

We’re committed to setting benchmarks in sustainable luxury living

From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned® philosophy. K T Jithendran, Managing Director & CEO, outlines the company’s premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..

Next Story
Infrastructure Urban

Mumbai’s land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai’s urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?