Developers vie Rs 1,500-cr Seawoods station project

Seawood railway staion projectMumbai: The race is on to bag a Rs 1,500-crore project for the new Seawoods railway station on the harbour line along with peripheral infrastructure in Navi Mumbai.

The request for qualification (RFQ) document, prepared by the City and Industrial Development Corporation (Cidco), has attracted several big names in the construction industry.

TOI has learnt that among those in the fray are DLF, Reliance Capital, L&T, Unitech, Neptune, which has tied up with Pacifica, a US-based real estate development company owned by the Israni group, Indiabulls, Uttam Galva Steel Company and Ansal, TSI Ventures Limited and ICICI, and K Raheja Corp, which has tied up with Credit Suisse bank.

The RFQ applications of the contenders were opened by Cidco on Tuesday “It will check and verify the eligibility of these developers and then invite tenders within 15 days,” a source said.

The Seawoods station is located on the Mankhurd-Belapur-Panvel railway line between Nerul and Belapur stations. It is part of the Seawoods-Uran railway line, which will provide connectivity to the upcoming Navi Mumbai SEZ. The project involves development of an integrated complex spanning over an area of 40 acres with a floor space index (FSI) of 1.5. The total built-up area will be about 2.5 million sq ft.

The project requires constructing a railway station, railway offices and allied services for rail commuters, like parking, circulation, discharge from the station, public utilities, etc. The developer will also be allowed to commercially develop the area.

Cidco had appointed Crisil and the Jones Lang LaSalle Limited consortium as consultants to ascertain the market demand and financial feasibility of the project. Cidco has claimed that the revenue earned from the project will be funnelled back into the development of the railway network in Navi Mumbai and land infrastructure. 
  
Source: The Times of India

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1 Response to “Developers vie Rs 1,500-cr Seawoods station project”


  1. 1 M.P.V. Shenoi Jul 22nd, 2007 at 7:06 am

    Good to read that Navi Mumbai railway system is exploiting the opportunity in a commercial way to the benefit of further development of the infrastructure of the city

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