Fifteen Firms Show Interest Towards Delhi’s Multimodal Transport Hub

About fifteen major infrastructure and real estate companies have shown interest in being part of the proposed Multimodal Tranport Hub to be developed by government of Delhi at ISBT, Dwarka. Some Big names of this list are, BLS-ILFS consortium, Unity Infraprojects, Lanco Infratech, Nagarjuna Constructions, CMC Constructions, Parasvnath Developers, Zoom Developers, Sun City Projects, Somdutt Builders, Pawha Infrastructure and SMS Infrastructures and so on.
The project will be developed on a public-private partnership basis at an estimated cost of four hundred crore rupees and will be on a BOMM (build-operate-maintain-manage) basis for a period of forty years.

The proposed transit system will be developed about eleven hectares near the world class convention centre developed by DLF and IGI International Airport. Government intends to make this project operational before coming Commonwealth Games.
This will be the first integrated transport hub of its type in the country that will provide inter-connectivity between multiple modes of public transport like inter-state buses, Delhi metro, and the proposed light rail transport system to be introduced by the Delhi government.
The ISBT is designed in such a way that it can handle five thousand buses every day. It will have around 175 bays for inter-state buses and around hundred for local buses, besides a single-storey underground parking for buses and cars. The project also envisages the development of a three-star hotel with three hundred rooms, besides other passenger amenities like food stalls, dormitory, drinking water, air-conditioned waiting halls, ATMs, bank counters, department stores and phone booths.

One Comment

  1. Posted June 17, 2008 at 7:08 am | Permalink

    India, no doubt, awaits a history to be rewritten. The Economy is firing on all cylinders, entertaining more global tourists and creating jobs faster than many other emerging economies as a whole, while leaving many employers struggling for qualified people to hire. Hundreds of top global brands are going to pack thousands of square meters of retail and office space. India is has suddenly become ‘the happening’ place to visit. Destination India odyssey would not have been possible had the realty revolution not happened in this part of the world. Howsoever majestic the charm of a place may be, travel and tourism can not grow unless there is a required infrastructure in place. Even though the realty sector has always been an unsung hero in attracting the tourist inflow, I must say that infrastructure and tourism complement each other. Critics, no doubt, are questioning sharp run-up in prices and sustainability of the rise. And as any single market emerges as a favorite – stocks, bonds, real estate, precious metals or whatever – there is often a tendency to overdo it. In the initial phases of overvaluation, we begin to suspect it.As the stock market performance has remained tepid, investors have turned to real estate and bonds as places to put their money in. Buying bonds helps keep longer term interest rates. That reinforces demand for real estate and also contributes to rising home prices. An emerging debate at the national level concerns whether a speculative bubble is forming in the national real estate market. In my opinion, the analysts are getting unnecessarily worried.For more view- realtydigest.blogspot.com

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