From ET Realty
Greater Noida: The Mumbai based Shapoorji Pallonji group has won the tender for developing an integrated township proposed under the Delhi-Mumbai Industrial Corridor (DMIC) project in Greater Noida.
The group had quoted the lowest bid of Rs 426 crore when the financial bids were finalised on Wednesday. Construction on the project is expected to start within the next two months and target for completion is 2018.
The foundation stone for the project was laid by UP chief minister Akhilesh Yadav nearly one and a half years ago.
According to Greater Noida Industrial Development Authority (GNIDA) officials, the price bids were opened on Wednesday after two companies had been shortlisted after qualifying the technical bids. “These technical bids by Shapoorji Pallonji and Larsen & Toubro were evaluated and the price bids were opened,” said K K Singh, officer on special duty (OSD) Projects, GNIDA. “The contract will be awarded to Shapoorji Pallonji within a week after which they have to put in place the design of the township. The contract is on design, execution, procurement and commission basis,” he said.
The OSD said the company – which is a business conglomerate in India with interests in construction, real estate, textiles, engineering goods, home appliances, shipping, publications, power, and biotechnology – will develop the infrastructure for the township. Roads, drainage, sewer, water supply, power supply, etc will be put in place for the plots.
Sprawling across nearly 335 hectares of land, the township will boost walk-to-work concept. Besides, the integrated industrial township in Greater Noida, a multi-modal transport hub in Bodaki and multi-modal logistics hub in Dadri are also proposed under this project. To be located in the Dadri-Noida-Ghaziabad investment region of the corridor, the development of the township is expected to attract private sector investments of over Rs.33,000 crore over a period of 30 years besides generating employment for nearly 60,000 workers.
According to GNIDA officials, plotting of the land, once developed by Shapoorji Pallonji, will be done by the special purpose vehicle (SPV) of the Greater Noida Authority and the DMIC, “Integrated Industrial Township”. This plotting of land will be done in tune with the response to the township and requirement. While 51% of land use will be reserved for industrial use, wherein a new concept of multistoreyed industry is being mulled over, 11% land has been reserved for residential purposes. The remaining 38% will include commercial, institutional and green areas.
The township will be located in Ecotech 11A in Greater Noida. Its boundaries include Ghodi Bachheda village, the railway line abutting Maincha village, and the Eastern Peripheral Expressway.