Real Estate Developers Now to Revamp Railway Stations
Major railway stations in India like New Delhi, Howrah, Chennai Central, Pune, Amritsar, Jammu, Bikaner, Jamshedpur and Kochi will be soon revamped by Indian and international realty majors. The Indian and international realty developers are looking to join hands for developing major railway stations across the country, as per the railway officials.
23 railway stations will be redeveloped in the first phase, an official from the Railway said. The bidding process will begin in August and contracts will be awarded in early 2018. Over a period of time, 400 railway stations will be redeveloped across the country using this method.
The newly redeveloped stations will offer improved passenger amenities on the lines available internationally. The government of Malaysia has expressed interest in partnering with India for this project, as per officials. As well as big Indian real estate companies have shown interest.
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