Indian Railways to offer 5 million sq ft commercial space under the redevelopment plan of four stations

Indian Railway will offer over five million square feet of commercial space at Gwalior, Nagpur, Amritsar and Sabarmati railway stations under the redevelopment plan. The Indian Railway Stations Development Corporation Ltd. (IRSDC), opened the RFQ applications of these four railway stations on Friday.

IRSDC said that it has received response from developers and fund houses despite the current COVID19 scenario. In total, IRSDC has received 32 successful applications. JKB, GMR, ISQ Capital, Kalpataru, FairFax/Anchorage, Monte Carlo, GR Infrastructure, Kalyan Toll, Cube Construction are some of the applicants.

Indian Railway plans to transform country’s railway stations into world-class 24×7 hubs under the redevelopment plan. These redeveloped hubs will be called as ‘Railopolis’, and are expected to attract huge investment and business opportunities.

Out of the 32 applications, nine applications have been received for Sabarmati station in Ahmedabad.

ET News
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