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 Urban

India Spent Rs 1.5 Tn on Smart Cities in Past 10 Years

The Indian government launched the Smart Cities Mission on June 15, 2015, with the goal of transforming urban infrastructure across the country. As of April 11, 2025, ten years since its inception, over Rs 1.5 trillion has been spent on 7,504 completed projects, representing 94 per cent of the total planned projects valued at more than Rs 1.64 trillion. An additional Rs 131.42 billion worth of projects are currently under implementation. According to data from SBI Research, 92 per cent of the funds were utilised across 21 major states, with Uttar Pradesh, Tamil Nadu, and Maharashtra together ..

Next Story
Infrastructure Energy

Hyundai’s EcoGram Converts Gurugram’s Waste to Clean Energy

Hyundai’s EcoGram, a biogas plant and material recovery facility located in Gurugram, Haryana, has been established to support circular economy initiatives. The facility collects both wet and dry waste from 20 bulk waste generators, including residential welfare associations (RWAs), corporate offices, and commercial complexes, with assistance from the Municipal Corporation of Gurugram (MCG). At the facility, the collected waste undergoes processing—wet waste is converted into biogas, which is then used to generate electricity, while dry waste is sorted for recycling. Since its inception,..

Next Story
Infrastructure Transport

Metro Line 8 DPR Nears Completion; CIDCO to Float Rs 200 Bn Tenders

The City and Industrial Development Corporation (CIDCO) is nearing completion of the Detailed Project Report (DPR) for Metro Line 8, commonly known as the Gold Line. This strategic 34.9-kilometre corridor is set to link Mumbai’s Chhatrapati Shivaji Maharaj International Airport (CSMIA) with the upcoming Navi Mumbai International Airport (NMIA). Estimated to cost around Rs 200 billion, the project is being developed under the Public-Private Partnership (PPP) model. Once completed, Metro Line 8 will become Mumbai's second such corridor after Metro Line 1. CIDCO plans to float tenders once ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?