Sam India Abhimanyu Housing consortium wins order for Property Development at Neelam Chowk Ajronda Metro Station

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The Delhi Metro Rail Corporation (DMRC) has issued a Letter of Acceptance (LoA) to M/s Sam India Abhimanyu Housing (51%) in Consortium with JMD Abode and Banquets Pvt. Ltd. (25%) and Infinity Spaces LLP (24%) for proposal (RFP) for “Contract CPD-09R3: Property Development at Neelam Chowk Ajronda Metro Station (Line-6 Extn).

  • Contract: CPD-09R3
  • Work Completion Period (in days): 5475

In May this year, DMRC had invited a tender for Contract: CPD-09R3

Project Background:

  • DMRC, a joint venture of the Government of India (GOI) and the Government of the National Capital Territory of Delhi (GNCTD) implementing the Delhi Metro Rail Projects, has been mandated by Ministry of Housing and Urban Affairs (MoHUA) (formerly known as Ministry of Urban Development (MoUD)) to undertake value capture from property development initiatives for sustainable revenue generation for the DMRC vide its Policy Circular No K-14011/8/2000-MRTS (Pt.) dt 30.3.2009.
  • Through this RFP Document, DMRC intends to select a “lessee” to take up on ‘Lease basis’, the spaces available for property development at Neelam Chowk Ajronda Metro Station of Delhi Mass Rapid Transit System (MRTS) (hereinafter referred to as “Project Site”). This Leasing has been envisaged to generate up-front and recurring revenues to DMRC to supplement its non fare- box collections in the operation phase. An information document covering the purpose of the lease, details of space available at metro station etc. may be downloaded from the website
  • The Project Site is situated at the Line-6 Extn (Badarpur-Faridabad corridor) of Phase-III of Delhi MRTS Project. Neelam Chowk Ajronda is an elevated metro station on the Violet Line of the Delhi Metro. It is located between Faridabad Old and Bata Chowk Metro Stations on line-6 Extn. The station lies in proximity to Delhi-Agra Highway (NH-2), and is accessible by road to all areas in Sarai, Badarpur and Faridabad.
  • DMRC has planned property development at Neelam Chowk Ajronda MRTS station along with operating facilities for commuters. The station will have retail and commercial space on Ground and Concourse Floor which is proposed to be leased out for specified purposes as detailed in this document.
  • Being located in the commercial sector of Ajronda very close to Crown Plaza Mall, Faridabad, the Project site has an excellent opportunity to become an important commercial hub within this locality. With separate access being available for the commercial areas and parking space, prominent and spacious frontage, and a captive commuter base, these floors will present unique opportunities for retailers.
  • A proposed built up area for Property Development is planned at the footprint of the station building. Hence building plans approvals from local bodies are not required.

Scope of Work:

  • The Lessee shall, at its sole expense and risk, carry out the financing, construction, procurement, management, operations and maintenance of the Leased Area in accordance with the provisions of this Agreement.
  • Activities allowed in the leased premise shall be governed by the extent provisions of Master Plan of Delhi or any activities permitted by the local authority under the administrative jurisdiction. Indicative nature of the activities and facilities that are allowed at the Leased Space(s) are as under:
    • Shopping complex / shopping mall / shopping plaza
    • Departmental Store, Discount Store, Hypermarket
    • Restaurants, Fast Food Stalls, Kiosks, food court, hotel
    • Offices, Banks, lounge
    • Educational Institutes, coaching centre
    • Computer Training Centres, IT centers
    • Warehouse/store
    • Showrooms for Consumer goods like Garments, Electronics / electrical Items, general utilities, automobiles etc.
  • The Lessee shall carry out the designing and development of the Leased Area in strict compliance with all applicable laws, in particular, applicable building codes and standards and good industry practice, which shall not in any manner endanger the commuters or the Project Site. Further, it is agreed and understood by the Lessee that proprietary interest on all development carried out by the Lessee on the Leased Space(s) shall vest with the Lesser and the Lessee relinquishes all its rights in such development in favor of the Lesser. The guidelines for Fit-out Activities will be provided by DMRC and shall be followed strictly by the Lessee.
  • Subject to terms of this Agreement and approval of the DMRC, the Lessee shall be free to design the layout plan and undertake the subdivision and partitioning works, interior design works along with utilities like power supply, water supply, toilets, drainage, HVAC, fire fighting, and telecommunications.

Source: DMRC-Tender Update | Image Credit (representational): DMRC

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