Nagpur : The Nagpur Improvement Trust (NIT) has received no response from private companies for development of shopping mall planned in place of the existing vegetable market, shops and commercial complex in Gokulpeth despite the land being situated at- a prime location.
The NIT board of trustees, in a meeting held a few days ago, decided to go for fresh tendering process.Accordingly, tender will be floated based on develop, build, finance, operate and transfer (DBFOT) model.
An NIT official told that only two private companies SIWL Private Ltd and Galaxy Infrastructure from the city attended the pre-bid meeting, but did not participate in the bidding process. No other company turned up during the bidding process.
The NMC had first planned the project in 2004. There were disputes between the NMC and the NIT over ownership of the land. Later, it came to fore that NIT owns the land.
Chief minister Devendra Fadnavis had also directed the NIT to take up the project following which the civic agency had initiated necessary steps.
In 2014, the NIT had appointed architect for preparing the design of the proposed mall. Later, the NIT roped in transaction adviser for pre and post tendering process.
The plan is to develop G+21 floor shopping mall on sprawling 14,205.55 sq.mt land. The mall will come up on the land where at present vegetable, mutton markets, shops around the market and G+3 floor commercial complex situated on West High Court road exist. Apart from commercial facilities, the NIT will provide proportionate space to its 73 lease holders and NMC’s 223 lease holders in the proposed mall.
Another major advantage of the mall will be parking facility for 1,000 four-wheelers and 2,500 two-wheelers. The estimated cost of the project is around Rs 400 crore.
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