+
Noida: NMRC offers plots near Okhla Bird Sanctuary station
RAILWAYS & METRO RAIL

Noida: NMRC offers plots near Okhla Bird Sanctuary station

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

NMRC, which operates the Aqua Line spanning 29.7 km from Sector 51 to Depot Station in Greater Noida, noted a significant rise in ridership since its inception in January 2019, with daily passenger numbers increasing from 18,000 in 2019 to 55,000 by 2024. The corporation highlighted that it owns land adjacent to the Okhla Bird Sanctuary metro station and, in the EOI document, stressed the importance of sustainable project operations through innovative revenue models and project structuring.

The document further explained that globally, many transport systems have adopted innovative strategies to fund projects through commercial property development. NMRC aims to select a suitable developer, concessionaire, or licensee for the development of Plot FC 04, located in Sector 94 near Okhla Bird Sanctuary Metro Station, under a public-private partnership model through an open bidding process.

According to officials, the EOI process seeks to attract experienced firms, developers, and institutions with proven expertise in areas such as commercial real estate development, project management, financing, marketing, design, leasing, and property management.

The plots are allocated for commercial purposes as per the Noida Master Plan and the Noida Building Byelaws 2010, with a lease period of up to 60 years from the date of execution. Developers are expected to design structures with a lifespan exceeding 100 years.

The Noida Metro Rail Corporation (NMRC) has announced an expression of interest (EOI) for the commercial development of three plots, covering a total area of 44,151 sqm, near the Okhla Bird Sanctuary metro station. These plots, situated close to prominent high-rise buildings such as Supertech's Supernova and institutions like Amity University, are now available for development. NMRC, which operates the Aqua Line spanning 29.7 km from Sector 51 to Depot Station in Greater Noida, noted a significant rise in ridership since its inception in January 2019, with daily passenger numbers increasing from 18,000 in 2019 to 55,000 by 2024. The corporation highlighted that it owns land adjacent to the Okhla Bird Sanctuary metro station and, in the EOI document, stressed the importance of sustainable project operations through innovative revenue models and project structuring. The document further explained that globally, many transport systems have adopted innovative strategies to fund projects through commercial property development. NMRC aims to select a suitable developer, concessionaire, or licensee for the development of Plot FC 04, located in Sector 94 near Okhla Bird Sanctuary Metro Station, under a public-private partnership model through an open bidding process. According to officials, the EOI process seeks to attract experienced firms, developers, and institutions with proven expertise in areas such as commercial real estate development, project management, financing, marketing, design, leasing, and property management. The plots are allocated for commercial purposes as per the Noida Master Plan and the Noida Building Byelaws 2010, with a lease period of up to 60 years from the date of execution. Developers are expected to design structures with a lifespan exceeding 100 years.

Next Story
Infrastructure Urban

Naidu Seeks Rs 563 Crore For AP Sports Infrastructure

Andhra Pradesh Chief Minister N Chandrababu Naidu has sought Rs 563 crore from the Centre to boost sports infrastructure in the state, including Rs 538 crore for stadium development and Rs 25 crore to host the Khelo India Martial Arts Games 2025. Naidu made the request during a meeting with Union Youth Services and Sports Minister Mansukh Mandaviya in New Delhi on Wednesday.The CM urged early completion of Khelo India infrastructure projects in Tirupati, Rajahmundry, Kakinada, and Narasaraopeta, and called for an international-standard badminton training centre and a national aquatic sports hu..

Next Story
Infrastructure Transport

Tough Bidding Norms Slow NHAI Road Project Awards

Stringent bidding rules imposed by the Ministry of Road Transport & Highways (MoRTH) have led to a slowdown in project awards by the National Highways Authority of India (NHAI), despite a robust Rs 3.5 trillion pipeline. According to an HDFC Securities report, the shift to more cautious developer models now favours firms with strong balance sheets, as tighter qualification norms limit aggressive bidders.The revised norms mandate additional performance security, targeting the exclusion of players that previously submitted low bids—often 25 to 40 per cent below NHAI cost estimates—raisin..

Next Story
Infrastructure Transport

Mumbai Gets Coastal Nod for Next Promenade Phase

As Mumbai prepares to open two major sections of its expansive seafront promenade this week, the city’s civic authority has secured a key coastal clearance to advance further construction. The Maharashtra Coastal Zone Management Authority (MCZMA) has approved the commencement of work on the segment between Haji Ali and Baroda Palace, with tendering expected soon after project cost assessments.The promenade, stretching 7.5 km in length and 20 metres wide, is being designed as a flagship open space for walkers, joggers, and cyclists. Two critical stretches—2.75 km from Tata Garden to Haji Al..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?