Noida Metro offers commercial plots near Okhla Bird Sanctuary station

19 Sep 2024 CW Team

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

Currently, NMRC operates the Aqua Line, a 29.7-kilometer stretch from Sector 51 to Depot Station in Greater Noida. Since its launch in January 2019, the Aqua Line has seen a significant increase in daily ridership, growing from 18,000 passengers in 2019 to 55,000 in 2024.

In the EOI document, NMRC highlighted its ownership of properties adjacent to the Okhla Bird Sanctuary metro station and stressed the importance of sustainable project operations through innovative revenue strategies. The document noted, "Globally, most transport systems have adopted innovative methods to finance projects through commercial property development. NMRC intends to select a suitable developer, concessionaire, or licensee for the development of Plot FC 04 in Sector 94 near Okhla Bird Sanctuary Metro Station on a public-private partnership model through an open bidding process."

Officials stated that the EOI process aims to attract experienced firms, developers, and institutions with expertise in commercial real estate development, including project management, financing, marketing, design, leasing, and management. The plots, designated for commercial use under the Noida Master Plan and Noida Building Byelaws 2010, will be available for a lease period of up to 60 years from the date of execution. Developers are expected to design buildings that are durable and can last for 100 years or more. (ET)

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..