New Delhi Railway Station redevelopment project hits a roadblock
RAILWAYS & METRO RAIL

New Delhi Railway Station redevelopment project hits a roadblock

The New Delhi Railway Station's (NDLS) future appears to have been disrupted by the past. Officials told the media that the plan to redevelop the railway station may have to be scrapped because the National Monuments Authority (NMA), the body tasked with the protection and preservation of monuments and sites, has yet to give its approval.

While the Railways Ministry hopes to receive approvals from the NMA before the end of the current fiscal year, there is currently no clarity. The critical issue is that one of the two central structures of the redeveloped railway station falls within the monuments' restricted area under the current plan.

The redevelopment of the New Delhi Railway Station is expected to cost $680 million roughly Rs 5,110 crore over four years. The proposal provides the developer with multiple revenue streams, including gains from real estate rights for 60 years.

The proposed redevelopment of the New Delhi Railway Station.

The redevelopment of NDLS is being overseen by the Rail Land Development Authority (RLDA), a statutory body under the Ministry of Railways. This is the first project in Delhi-NCR to use the Transit-Oriented Development (TOD) concept. TOD projects aim to increase the number of residential, commercial, and leisure spaces within walking distance of public transportation. In February 2021, the Request For Qualification (RFQ) stage was completed.

The RFQ was filed by the Arabian Construction Company, Adani Railways Transport, BIF IV India Infrastructure Holding (DIFC), ISQ Asia Infrastructure Investments, Anchorage Infrastructure Investments Holdings, Kalpataru Power Transmission, GMR Highways, Omaxe, and Elpis Ventures. After receiving approval from the NMA, the Railways Ministry will begin the bidding process with these potential developers.

The railway station will be redeveloped into two dome-shaped terminal buildings with two arrival and departure areas on the concourse level, two multi-modal transportation hubs on both sides, and 40-story twin towers. A pedestrian boulevard with high-street shopping is included in the plan. The proposed development plan incorporates pedestrian movement, cycle tracks, green tracks, and non-motorized vehicles.

The station's master plan covers 120 hectares, with 88 hectares under construction in Phase 1. The Design, Build, Finance, Operate, and Transfer (DBFOT) model will be used to complete the project, which will result in the development of approximately 1.2 million sq m of built-up area.

Image Source

The New Delhi Railway Station's (NDLS) future appears to have been disrupted by the past. Officials told the media that the plan to redevelop the railway station may have to be scrapped because the National Monuments Authority (NMA), the body tasked with the protection and preservation of monuments and sites, has yet to give its approval. While the Railways Ministry hopes to receive approvals from the NMA before the end of the current fiscal year, there is currently no clarity. The critical issue is that one of the two central structures of the redeveloped railway station falls within the monuments' restricted area under the current plan. The redevelopment of the New Delhi Railway Station is expected to cost $680 million roughly Rs 5,110 crore over four years. The proposal provides the developer with multiple revenue streams, including gains from real estate rights for 60 years. The proposed redevelopment of the New Delhi Railway Station. The redevelopment of NDLS is being overseen by the Rail Land Development Authority (RLDA), a statutory body under the Ministry of Railways. This is the first project in Delhi-NCR to use the Transit-Oriented Development (TOD) concept. TOD projects aim to increase the number of residential, commercial, and leisure spaces within walking distance of public transportation. In February 2021, the Request For Qualification (RFQ) stage was completed. The RFQ was filed by the Arabian Construction Company, Adani Railways Transport, BIF IV India Infrastructure Holding (DIFC), ISQ Asia Infrastructure Investments, Anchorage Infrastructure Investments Holdings, Kalpataru Power Transmission, GMR Highways, Omaxe, and Elpis Ventures. After receiving approval from the NMA, the Railways Ministry will begin the bidding process with these potential developers. The railway station will be redeveloped into two dome-shaped terminal buildings with two arrival and departure areas on the concourse level, two multi-modal transportation hubs on both sides, and 40-story twin towers. A pedestrian boulevard with high-street shopping is included in the plan. The proposed development plan incorporates pedestrian movement, cycle tracks, green tracks, and non-motorized vehicles. The station's master plan covers 120 hectares, with 88 hectares under construction in Phase 1. The Design, Build, Finance, Operate, and Transfer (DBFOT) model will be used to complete the project, which will result in the development of approximately 1.2 million sq m of built-up area. Image Source

Next Story
Products

Mulroom Revolutionizes India’s Furniture Market

India's furniture market, a rapidly growing industry, has long grappled with inefficient supply chains, high costs, and limited customization options. Enter Mulroom, a tech-driven startup founded by Parikshit Guhabiswas, which aims to revolutionize the sector through a direct-to-consumer (DTC) model that empowers craftspeople and small-scale manufacturers while promoting sustainability. Mulroom tackles the industry's age-old problems by eliminating middlemen and implementing a lean, technology-enabled supply chain that cuts down waste and reduces costs. By leveraging AI-powered demand forecas..

Next Story
Infrastructure Urban

Build Capital Exits Second SRA Project with 19.76% IRR

Build Capital, an early-stage real estate financier, has successfully exited its investment in a Slum Rehabilitation Authority (SRA) project near Bandra-Kurla Complex (BKC), Mumbai. This marks another successful exit for Build Capital this year, highlighting its focus on delivering superior stakeholder value through structured real estate financing. Build Capital partnered with the developer during the early stages of the project, which had faced significant delays. Its investment facilitated the completion of rehabilitation works and the conversion of scheme parameters to DCPR 2034, enhancin..

Next Story
Infrastructure Urban

Chandak Group Celebrates Women’s Identity

Chandak Group marked this Women’s Day with a powerful and heartfelt gesture aimed at celebrating the individuality and strength of women. Instead of conventional celebrations, the real estate brand launched a meaningful campaign to honor the women who have made Chandak homes their own. The initiative offered every woman homebuyer a unique, personalized memento—a beautifully engraved, sustainable keyholder featuring her name. This thoughtful token serves not only as a keepsake but also as a recognition of her journey, achievements, and rightful space within the home. The campaign’s emot..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?