RLDA invites bids for ₹6,500-cr realty projects in Delhi

The Rail Land Development Authority (RLDA) has invited bids to redevelop an area of five lakh square metres at the New Delhi Railway station and another 2.6 lakh square metres in its surrounding areas for commercial purposes involving an investment of ₹6,500 crore. RLDA informed that the objective of the project is to position the New Delhi Railway Station as a multi-model hub by upgrading of the infrastructure and provision of the state-of-the-art amenities such as elevated concourse and multi-level car parking, among others. The project would be developed on a Design-Build Finance Operate Transfer (DBFOT) model for a concession period of 60 years and will be completed in about four years. It involves redeveloping the station, road connections through flyovers, relocation of railway offices and buildings and creating social infrastructure. New Delhi Railway Station will be transformed into a world-class, one-stop destination for retail, commercial and hospitality business. The development will boost the tourism potential and accentuate real estate as well as investment prospects in New Delhi and NCR region.