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
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train Set to Launch by 2028

India’s first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India’s infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..

Next Story
Infrastructure Transport

Mumbai-Gandhinagar Train Service Enhances Passenger Capacity

The Mumbai Central–Gandhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India’s busiest business corridors. This upgrade, effective from 11 May, raised the train’s seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai–Ahmedabad–Gandhinagar route, which regularly operates at over 150 percent seat occupancy...

Next Story
Infrastructure Urban

Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently

Delhi’s ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river’s health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?