Lucknow: The redevelopment of the Gomti Nagar Railway Station in Lucknow is gaining traction among investors. About 10% of the commercial space has already been booked by retail players. Presently, out of two commercial towers – Block R1 and Block R2 as a single unit with a combined built-up area of 4,53,000 sq. ft. are being auctioned with some units having been already sold 15-20% above the reserve price. The station is being jointly redeveloped by Rail Land Development Authority (RLDA), in partnership with NBCC, on an EPC mode.
The objective of re-development is to provide best-in-class amenities to passengers. The station redevelopment encompasses two phases: mandatory station development comprising station buildings, air concourse, renovation of platforms and commercial development, including retail, basement parking and external development and MEP services. The total construction cost for the station development is estimated to be INR 190 crores and for commercial development is INR 170 crores, including maintenance cost for two years.
“We are enthused by the overwhelming response garnered in the Gomti Nagar project. The redeveloped station will enhance the travel experience, boost tourism and real estate and have a multiplier effect on the local economy. The entire project is slated to be completed by December 2022, while the station is likely to be upgraded earlier” said Shri Ved Parkash Dudeja, Vice Chairman, RLDA.
The Railways has around 38 acres of the land parcel at the Gomti Nagar railway station, out of which eight acres is being utilised for both station redevelopment and retail and commercial development. Two commercial towers, Block R1 and Block R2 having a combined built-up area of 4,53,000 sq ft is being developed comprising retail outlets, parking, etc.
