Redevelopment of Railway Stations in Bangalore signs of increasing Realty Investments

Redevelopment of Railway Stations in Bangalore signs of increasing Realty Investments

Redevelopment of Railway Stations in Bangalore signs of increasing Realty Investments

The India Railways has taken upon itself the redevelopment of two railway stations in Bangalore out of the 20 proposed in the first phase in India, through the PPP route for the first time. It has invited tenders by the 1st of June 2017. These are Cantonment Railway Station and Yesvantpur Railway Station. Each of these two remodeling projects comes with the benefit of adjacent parcel of land which the builder will have the right to develop commercially. The remodeled stations would be equipped with the amenities like Wi-Fi, escalators, X-ray screening machines, ticket vending machines, digital signages, etc. For complete information and latest news about Karnataka Real Estate, visit buy plots in sarjapura. The railways have decided to provide clear titles, full FDI and transparent selection process. The selection process will consist of two-stage activity namely; the shortlisted developers will need to submit DPR and then financial bids. The adjacent parcels of land appurtenant to Cantonment and Yesvantpur Stations come with deemed values of Rs. 80 crores and Rs. 100 crores. For more details about Bengaluru Real Estate click on plots in bangalore . Bangalore’s top developers and promoters have shown interest in these two railway projects. However, the picture will be clearer on 1st of June 2017. The encouraging response has been posited to the prospects of getting clear titles to two parcels of land and the emergent possibilities of obtaining sanctions from the railways. Visit site at sarjapur  for latest Karnataka Realty updates.