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Friday, February 26, 2021

Chandigarh: Request for proposal issued for leasing vacant land for mixed-use development

Accordingly, bids have been invited from interested entities for mixed-use development of land parcels on lease rights basis up to 99 years.

By: Express News Service | Chandigarh |
February 22, 2021 1:55:06 am
Chandigarh: Request for proposal issued for leasing vacant land for mixed-use developmentThe redevelopment will also boost tourism, generate employment and have a cascading impact on the local economy,” said S K Lohia, managing director and chief executive officer, IRSDC. (File Photo)

The Indian Railway Stations Development Corporation Ltd (IRSDC) has invited Request for Proposal (RFP) for leasing vacant four land parcels for mixed-use development as part of Chandigarh Railway Station redevelopment project.

Accordingly, bids have been invited from interested entities for mixed-use development of land parcels on lease rights basis up to 99 years.

“Chandigarh Railway Station will be developed into a world-class transport hub to offer a superior travel experience to passengers. These vacant land parcels which are part of the Chandigarh railway station redevelopment are suitable for a mixed-use development that will accentuate real estate prospects in the vicinity.

The redevelopment will also boost tourism, generate employment and have a cascading impact on the local economy,” said S K Lohia, managing director and chief executive officer, IRSDC.

The four land parcels — SP4 (12,427 sq m), SP5 (15,027 sq m), SP6 (17,890 sq m) and SP7 (11,347 sq m) span across 56,691 sq m of land, with a total allowable built-up area (BUA) of 2,32,341 sqm. Bidders can bid for all four land parcels or can also bid for individual land parcel, as per their choice.

The pre-bid meeting will be held on March 12 and the deadline for bid submission is 16th April. ens

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