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Published Date:
28 Dec 2007
DLF Ltd. and Hines are among developers that may bid to build hotels, offices and shops around New Delhi's railway station as the city prepares to host the 2010 Commonwealth Games.
Indian Railways is seeking bids by Jan. 15 to redevelop a quarter of its 86 hectares (212 acres) of land in the capital. The site is worth about $2.5 billion, according to data compiled by Cushman & Wakefield Inc.
Indian Railways have appointed U.K. architect Terry Farrell, who built Hong Kong's Kowloon Station and London's MI6 Headquarters, to redesign the rail hub, as Asia's oldest network redevelops 21 stations in the next three years.
The 154-year-old Indian Railways, which owns prime land around most of its 7,000 stations across the country, is also seeking to redesign the capital's railway station to improve movement of as many as 350,000 passengers a day. The railways will initially focus on leasing surplus land in Mumbai, Pune, Chennai, Bangalore, Secunderabad, Trivandrum, Howrah, Ahmedabad, Chandigarh, Bhopal, Bhubaneswar, Lucknow, Jaipur, Patna, Amritsar, Agra, Varanasi, Mathura, Gaya, and two other suburban stations in New Delhi.
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