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PROPERTY DEVELOPMENT

Property Development works undertaken:

Licensing of kiosks, refreshment stalls etc. inside stations

Food outlets, ATMs, Tea, Coffee and cold drink kiosks etc are being set up inside concourses, depending on requirements, at most of the MRTS stations. Kiosks are of approx 5-10 sqm size and are let out on basis of open tenders to licensees for periods of 6-12 yrs. This is being done progressively and has been substantially completed at stations in Delhi MRTS Phase-I. This will be continued in stations to be set up in Phase-II project also, as and when different sections are progressively opened to traffic.

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Kashmiri Gate Station
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Rajiv Chowk Station
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Inderlok Metro Station
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Rajiv Chowk Station

Licensing of commercial outlets inside stations

Larger developments including shopping malls are also being set up through developers on license basis for periods up to 12 yrs inside station buildings having larger concourses. Examples of these are at Inderlok, Netaji Subhash Place, Kashmiri Gate etc. It is proposed to continue this progressively at other stations also where feasible, in MRTS Stations on Phase I routes and the same will be continued in MRTS Phase-II Project.

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Inderlok Metro Station
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Netaji Subhash Place

Concessions for commercial / residential developments

On lands pockets available after meeting operational requirements of MRTS & Car parking requirements of commuters, some residential and commercial developments have been set up through developers, selected through open competitive bidding after advertisements in newspapers, on basis of "Concession" for upto 30 years. Such developments have been carried out outside Shahdara and Inderlok stations, and are in progress at other locations also such as Khyber Pass, Welcome, NS Place etc. It is proposed to progressively carry out more such developments in MRTS Phase-II project also. Such pockets are being made over to developers on 30 yrs concession basis, at the end of which the properties would revert to DMRC.

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Inderlok Annexe
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Parsvnath Mall Shahdara

Shastri Park I T Park

DMRC has through its own resources set up an I T Park at Shastri Park. This has been approved by Govt of India as a Sector specific SEZ. The total plot area is 12 ha. One block of 30,000 sqm floor area was completed in 2005 and another one similar size has been completed recently. These are being rented out to ITES operators. The 1st Block, at present employing over 3000 persons, is a centrally air conditioned building with considerable degree of automation with a Building Management System, 100% Power back up etc. It is proposed to construct additional such buildings on this 12 ha plot of land progressively in the future and operate it as an I T Specific SEZ.

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'Block - I'
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'Block - II'

Concession Agreements made by DMRC

Sl. No. Title of the Project Name & address of the developer Date of start of Processing Period of lease Nature of development
        Start End  
1 Shahdara Commercial complex M/s Parsvnath Developers Ltd.
6th Floor, Arunanchal Building, 19 Barakhambha Road,
New Delhi - 1
Ph: - 011 23310198
07/112004 15.03.2005 14.03.2035 Commercial
2 Commercial Development of plot at Welcome M/s Parsvnath Developers Ltd.
6th Floor, Arunanchal Building, 19 Barakhambha Road,
New Delhi - 1
Ph : - 011 23310198
14/03/2005 07.07.2006 06.07.2036 Commercial
3 Commercial Development of plot at Seelampur M/s Parsvnath Developers Ltd.
6th Floor, Arunanchal Building, 19 Barakhambha Road,
New Delhi – 1
Ph : - 011 23310198
14/03/2005 08.10.2005 07.10.2035 Commercial
4 Commercial Development of plot at Pratap Nagar M/s Parsvnath Developers Ltd.
6th Floor, Arunanchal Building, 19 Barakhambha Road,
New Delhi - 1
Ph : - 011 23310198
15/11/2004 15.04.2005 14.04.2035 Commercial
5 Commercial development at Inderlok (Annexe) M/s Parsvnath Developers Ltd.
6th Floor, Arunanchal Building, 19 Barakhambha Road,
New Delhi - 1
Ph : - 011 23310198
12/12/2003 01.10.2004 30.09.2034 Commercial
6 Commercial Development at Khyber pass Ms MGF developments Pvt Ltd.
MGF house,
Asaf Ali Road
New Delhi - 1
011-3275420
11/12/2002 25.09.2003 24.09.2053 Commercial
7 Azadpur (integrated Property development with MRTS Station) M/s Parsvnath Developers Ltd.
6th Floor, Arunanchal Building, 19 Barakhambha Road,
New Delhi - 1
Ph : - 011 23310198
13.03.2006 20.07.2006 19.07.2036 Commercial
8 Games Village (integrated Property development with MRTS Station) M/s Parsvnath Developers Ltd.
6th Floor, Arunanchal Building, 19 Barakhambha Road,
New Delhi - 1
Ph : - 011 23310198
29.08.2006 20.09.2007 19.09.2037 Commercial
9 Commercial Development at Khayala Pacific Development Corporation Ltd.
Pacific PLOT NO: - 1
3rd floor Site IV, Dr Burman Road
Sahibabad, Industrial Area, Ghaziabad, U.P.
Ph : - 0120 3012301, 2774154
04/08/2005 22.03.2007 21.03.2037 Commercial

Lease Agreements made by DMRC

Sl. No. Title of the Project Name & address of the developer Date of start of Processing Period of lease Nature of development
1 Residential development one portion of Khyber pass depot. M/s Parsvnath Developers Ltd
6th Floor, Arunanchal Building,
19 Barakhambha Road
New Delhi - 1
Ph : - 011 23310198
11/11/2003 01.05.2004 30.04.2103 Residential
2 Residential Development at Rithala M/s A.P. Real Estate
Plot No :- 28
Pocket C-8, Sector-7
Rohini
Delhi - 85
Ph : - 011-27933478
07/05/2005 29.12.2005 28.12.2095 Residential
3 Residential Development at Subhas Nagar M/s Parsvnath Developers Ltd.
6th Floor, Arunanchal Building,
19 Barakhambha Road
New Delhi - 1
Ph:- 011 23310198
30.09.2005 24.04.2006 23.04.2096 Residential
4 Residential Development at Dwarka Morh M/s Uppal Housing Pvt Ltd,
S-39 / A, Panchsheel Park
New Delhi
14/10/2005 19/05/2006 18.05.2096 Residential

List of PD projects undertaken by DMRC (at its own cost)

Sl. No. Location Nature of Development Execution Start Execution Complete
1 Shahdara Shopping Complex Commercial Jan 2002 March2005
2 IT Park 'Block' - 1 Shastri Park Commercial Dec 2003 March 2005
3 IT Park 'Block' - 2 Shastri Park Commercial Nov 2005 Nearing Completion
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