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Realty cos on a railway ride

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Realty cos on a railway ride

Written by varma
Saturday, 05 April 2008
Real-estate developers like Indiabulls and Unitech are making a beeline for the modernization of the New Delhi Railway Station. That comes after a host of infrastructure companies showed interest in participating in the project. Airports are getting swankier with Bangalore, Hyderabad and Mumbai airports now boasting of international standards and facilities. Now, railways will not be very far behind to make the change. Real-estate developers like Indiabulls and Unitech are making a beeline for the modernization of the New Delhi Railway Station. That comes after a host of infrastructure companies showed interest in participating in the project. Airports are getting swankier with Bangalore, Hyderabad and Mumbai airports now boasting of international standards and facilities. Now, railways will not be very far behind to make the change. Sources said that big infrastructure companies like Reliance Energy, GMR, Mukesh Ambani's Reliance Industries and Gammon Infrastructure are bidding for the Rs 5,000 crore project. Sources also say that companies from Spain, Singapore and Taiwan too have shown interest. Even real-estate developers like DLF, Indiabulls, Emaar MGF and Unitech are joining in to bid for the project. But why is there this sudden interest of realty players in this project? As a part of the project, Railway Ministry is throwing open 86 hectares of land around the station for private development. Just 2 kilometers away from Connaught Palace, the prime realty space is the candy that's attracting realty companies. Sources say that until now, about 40 companies have evinced interest in the project. But what is left to be seen is that how many will pass the stringent technical qualification round. A pre-bid conference is being held on April 15 to discuss the technical issues and the revenue model with the companies. You can get the latest rel estate news from: http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=News At Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home. We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI) For More Information about Real Estate Hyderabad , India visit: http://www.maaproperties.com/ Bookmark with: Delicious Digg reddit Facebook StumbleUpon What are these?

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