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Re-development Of Lucknow's Gomti Nagar Railway Station Inches Closer To Reality
The project’s construction cost as per EPC Contract is Rs 360 Crore
Lucknow, Nov 24 (TNA) The redevelopment of Gomti Nagar Railway Station is set to become a reality with the completion of RERA registration and approval of the design by IIT Delhi. Rail Land Development Authority (RLDA), in partnership with NBCC, is undertaking the redevelopment of the Gomti Nagar Railway Station, Lucknow on EPC mode.
The objective of re-development is to provide world-class amenities to commuters. The station re-development involves two phases i) mandatory station development comprising station buildings, air concourse, food courts, renovation of platforms and utilities and ii) commercial development, including retail, basement parking and external development.
The total construction cost estimated for station development is INR 190 crores & for Commercial development is INR 170 Cr including 2 Years’ maintenance.
The re-developed station will be equipped with amenities such as segregation of arrival and departure, basement parking, CCTV surveillance, centrally air-conditioned common spaces, an integrated building management system, treated water for horticulture use, and much more.
“Gomti Nagar area in Lucknow is developing rapidly as a commercial and retail hub. The station is strategically located with excellent connectivity to other parts of the city. The commercial space being constructed for lease sale of 60 years is in the close vicinity of Hyatt Hotel and new DLF shopping cum office plaza.
The aim of the Gomti Nagar Railway station redevelopment project is to equip it with state-of-the-art amenities to offer convenience to commuters besides upgrading it in line with global standards and to offer commercial space for boosting economic activities in the area. The re-development will boost real estate as well as the local economy,” said Shri Ved Parkash Dudeja, Vice Chairman, RLDA.
Gomti Nagar Railway terminus (GTNR) is an under-construction railway terminus on Barabanki-Lucknow Suburban Railway in Lucknow, Uttar Pradesh. It serves the Gomti Nagar, Indira Nagar, Chinhat, Kamta areas of Lucknow city. The station has three platforms currently, with 3 more platforms under construction.
The railways have approximately 38 acres of the land parcel at the Gomti Nagar Railway Station, of which 8 acres of the land is being utilized for both station re-development and retail & commercial development. The property has frontage on Gomti Nagar Main Road, which further connects Shaheed Path and Pandera. On the other side, a second new entry Rly Station Terminal building is being developed as a part of the project. The station has residential colonies and Deen Dayal Park in the vicinity. Further, it abuts Kisan Bazar on the Eastern periphery.
Presently two commercial towers, Block R1 & Block R2 having combined built-up area of 453000 Sqft. are being offered by NBCC as a part of commercial development that will comprise retail outlets, parking etc. The average lease price is pegged at Rs.6625/- per Sqft for Block R1 and Rs.5900/- per Sqft. for Block R2.
The e-auction for commercial blocks is currently underway with the bidding closing on 23-Nov-2020. Interested parties can participate in the e-auction through the NBCC portal. This follows a recent auction in which 6940 sq. ft. area worth Rs. 5.16 Cr has been booked for a lease period of 60 years. The project also entails a residential development of 8.5 acres to be leased out shortly by RLDA.
RLDA is currently working on 62 stations in a phased manner while its subsidiary, IRSDC has taken up another 61 stations. In the first phase, RLDA has prioritized prominent stations like New Delhi, Gomti Nagar, Tirupati, Dehradun, Nellore, and Puducherry for redevelopment. The railway stations across India will be redeveloped on a PPP Model as a part of Smart City Projects launched by the Government of India.
Rail Land Development Authority (RLDA) is a statutory body under the Ministry of Railways, for the development of Railway land. It has four key mandates as a part of its development plan, namely leasing of commercial sites, colony redevelopment, station redevelopment and multi-functional complexes.
Currently, the Indian Railway has approximately 43,000 hectares of vacant land across India of which RLDA has over 92 commercial (greenfield) sites across India for leasing to the eligible developers after selection through an open and transparent e-bidding process. RLDA is currently also handling 84 railway colony redevelopment projects and has recently leased out a railway colony in Guwahati for redevelopment.