NBCC invites bids for building 30 towers along metro lines

NBCC has invited bids to develop 70 acres of land into a mix of commercial, residential and retail hubs housing 30 towers at ₹1,400 crore. The towers around Delhi Metro's Pink and Blue Line corridors will be developed in a phased manner. The winning bidder will carry out a detailed valuation of the east Delhi hub with the scope of work including master planning of the entire project and construction of residential units, external amenities, infrastructure services and other developmental works. The usage of the site is mixed whereby 70% of the 30-hectare land will be residential, 20% commercial and 10% will be for building civic facilities. A memorandum of understanding (MoU) between NBCC and the Delhi Development Authority (DDA) has already been signed in 2015 but the conditions of MoU were revised last year keeping in mind the Transit Orient Development policy. The entire project will be developed in 6 million sq ft, of which 1 million sq ft to be built in the first phase. The project will have two and three BHKs of different sizes with parking for over 7,000 vehicles. The consultant will also explore the development for commercial and volume of commercial space development with corresponding sale rate in Rs per sq ft of saleable area. This hub would not just cater to the capital functions but will also include multi-sector facilities in trade and commerce, residential and other areas to make it a vibrant and dynamic hub, which should be self-sustaining, with state of art physical, social and economic infrastructure. The site requires top-class connectivity with direct access to Vikas Marg and the two Karkardooma metro stations (Blue & Pink line) located within the site area and the nearby Anand Vihar metro station, ISBT and railway terminal.