Ircon, Arabian to jointly bid for NDLS redevelopment project

25 Mar 2021 CW Team

State-run Ircon International has decided to jointly bid for the New Delhi railway station redevelopment project along with Arabian Construction Company (ACC).

Ircon told the media that the project is expected to incur a cost of Rs 6,500 crore. The plan is to redevelop the station into an integrated commercial, retail, and hospitality hub.

New Delhi Railway Station Redevelopment is a flagship project of the Rail Land Development Authority (RLDA), and the first to be undertaken on the transit-oriented development (TOD) concept in Delhi-NCR. The project will offer multiple revenue streams to the developer, including revenue from real estate rights and is to be completed in around four years. The concession period will be for 60 years.

The project has a master plan area of 120 hectares, of which 88 hectares are being planned in phase one of the project. The redeveloped station will be connected to the Indira Gandhi International (IGI) airport through the Delhi Metro Airport Express Line and Delhi-NCR via the Yellow Line. Delhi Transport Corporation (DTC) bus stops will be present on both sides of the station.

As we have reported earlier, nine players had submitted a request for quotation for the redevelopment of the New Delhi station:

Adani Railways Transport
Anchorage Infrastructure Investments Holdings
Arabian Construction Company
BIF IV India Infrastructure Holding
Elpis Ventures
GMR Highways
ISQ Asia Infrastructure Investments
Kalpataru Power Transmission
Omaxe

Meanwhile, Delhi-based construction major Parnika Commercial and Estates secured the Rs 384 crore contract for a project to redevelop the Safdarjung railway station in New Delhi. The project envisions the Safdarjung railway station's redevelopment as a modern transportation hub with integrated transport and office development. The development will include platforms, foot over bridges, and also retail space that will be monetised by the company.

Ircon International and Rail Land Development Authority (RLDA) had signed a memorandum of understanding (MoU) to redevelop the Safdarjung station in 2017.

Image Source

Also read: Transit oriented policy: DDA to develop 12 transport hubs

State-run Ircon International has decided to jointly bid for the New Delhi railway station redevelopment project along with Arabian Construction Company (ACC). Ircon told the media that the project is expected to incur a cost of Rs 6,500 crore. The plan is to redevelop the station into an integrated commercial, retail, and hospitality hub. New Delhi Railway Station Redevelopment is a flagship project of the Rail Land Development Authority (RLDA), and the first to be undertaken on the transit-oriented development (TOD) concept in Delhi-NCR. The project will offer multiple revenue streams to the developer, including revenue from real estate rights and is to be completed in around four years. The concession period will be for 60 years. The project has a master plan area of 120 hectares, of which 88 hectares are being planned in phase one of the project. The redeveloped station will be connected to the Indira Gandhi International (IGI) airport through the Delhi Metro Airport Express Line and Delhi-NCR via the Yellow Line. Delhi Transport Corporation (DTC) bus stops will be present on both sides of the station. As we have reported earlier, nine players had submitted a request for quotation for the redevelopment of the New Delhi station: Adani Railways Transport Anchorage Infrastructure Investments Holdings Arabian Construction Company BIF IV India Infrastructure Holding Elpis Ventures GMR Highways ISQ Asia Infrastructure Investments Kalpataru Power Transmission Omaxe Meanwhile, Delhi-based construction major Parnika Commercial and Estates secured the Rs 384 crore contract for a project to redevelop the Safdarjung railway station in New Delhi. The project envisions the Safdarjung railway station's redevelopment as a modern transportation hub with integrated transport and office development. The development will include platforms, foot over bridges, and also retail space that will be monetised by the company. Ircon International and Rail Land Development Authority (RLDA) had signed a memorandum of understanding (MoU) to redevelop the Safdarjung station in 2017. Image Source Also read: Transit oriented policy: DDA to develop 12 transport hubs

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

Resources

16 Sep 2025

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Real Estate

16 Sep 2025

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..