Noida Metro offers commercial plots near Okhla Bird Sanctuary station
Real Estate

Noida Metro offers commercial plots near Okhla Bird Sanctuary station

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)

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)

Next Story
Infrastructure Energy

EDF Eyes Renewable Partnerships with NTPC, CIL, and Actis

EDF India has signed non-binding term sheets with NTPC, Coal India Ltd (CIL), and global investor Actis to advance renewable energy projects in India. Under this collaboration, NTPC will develop, own, and operate pumped storage projects (PSPs), standalone hydropower, and hybrid renewable energy projects. EDF has proposed a 50:50 joint venture with NTPC and a separate JV with CIL to pursue PSPs and renewable projects in India and neighboring countries. India’s National Electricity Plan 2023 estimates a need for 74 GW/411 GWh of energy storage systems by 2031-32, including 27 GW/175 GWh from ..

Next Story
Infrastructure Energy

West Bengal Seeks O&M Bids for 1.891 MW Solar Project

The West Bengal Power Development Corporation (WBPDCL) has invited bids for the comprehensive operation and maintenance (O&M) of a 1.891 MW rooftop solar project at Kolaghat Thermal Power Station for two years. Bids must be submitted by March 29, 2025, and will be opened on April 2. An earnest money deposit of Rs 89,332 is required, and successful bidders must provide a performance bank guarantee of 10% of the contract value within 30 days of the work order issuance. If the accepted bid value is 80% or lower than the estimated value, an additional performance security of 10% is mandatory. ..

Next Story
Infrastructure Energy

EDF Eyes Renewable Partnerships with NTPC, CIL, and Actis

EDF India has signed non-binding term sheets with NTPC, Coal India Ltd (CIL), and global investor Actis to advance renewable energy projects in India. Under this collaboration, NTPC will develop, own, and operate pumped storage projects (PSPs), standalone hydropower, and hybrid renewable energy projects. EDF has proposed a 50:50 joint venture with NTPC and a separate JV with CIL to pursue PSPs and renewable projects in India and neighboring countries. India’s National Electricity Plan 2023 estimates a need for 74 GW/411 GWh of energy storage systems by 2031-32, including 27 GW/175 GWh from ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?