The Noida Metro Rail Corporation (NMRC) is inviting bids from experienced developers for the commercial development of three prime plots located near the Okhla Bird Sanctuary metro station. This move signals NMRC’s intent to leverage innovative methods to finance its infrastructure projects.
Encompassing a total area of 44,151 square meters, these plots offer a lucrative opportunity for developers seeking to establish commercial ventures in a high-footfall area. The strategic location boasts proximity to established residential areas, educational institutions like Amity University, and high-rise buildings like Supertech’s Supernova. These factors combine to create a strong market potential for retail, office space, or even hospitality ventures.
NMRC aims to attract established firms with a proven track record in project management, financing, marketing, design, leasing, and management through an open bidding process. This initiative reflects a growing trend among Indian transportation authorities to explore alternative funding models for infrastructure development, moving beyond solely relying on government resources.
The successful development of these commercial plots near the Okhla Bird Sanctuary station has the potential to not only generate revenue for NMRC but also contribute to the overall economic growth of the surrounding area.
