Chandigarh: Four more bidders want railway commercial area project

CHANDIGARH: Four more builders have shown interest in Indian Railway Stations Development Corporation Limited’s (IRSDC) project of developing the 25 lakh square feet commercial area at the Chandigarh railway station.

IRSDC managing director and chief executive officer S K Lohia said the four bidders gave their presentations on the project in Chandigarh on Friday, but the final call is yet to be taken by the authorities.

He said the IRSDC will utilise the revenue generated from the land monetisation project on the development of the Chandigarh railway station.

Earlier, seven bidders had applied for the project and now four more have shown interest in the development of the commercial sites.

The railway station has 493.6 acres of land in the city which comprises the station building area, residential and open land.


Source: https://realty.economictimes.indiatimes.com/news/commercial/chandigarh-four-more-bidders-want-railway-commercial-area-project/74027273

February 08, 2020

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