Habibganj is going to become the first Indian railway station to be redeveloped as a public-private partnership. The railway station is all set to become a swanky commercial hub with shops, offices and hotels, all in a span of three years.
The operation and maintenance for the Habibganj railway station will be done by Bhopal-based Bansal Group for a period of eight years.
Indian Railway Station Development Corporation (IRSDC) managing director and chief executive officer S.K. Lohia said, “The management of the Habibganj railway station was given to the Bansal Group on March 1, 2017. They will be taking care of all the facilities at the station like food stalls, retiring rooms, power, platform maintenance, parking,”
“We plan to develop the commercial areas in two phases—two office-cum-shopping complexes in the first phase, and under the second phase, a multi-speciality hospital and a budget- and five-star hotel,” said group managing director Sunil Bansal.
The Bansal group plans to invest Rs 100 crore in redeveloping the railway station and Rs. 350 crore in developing the 4 commercial land parcels in and around the station.
The station will be redesigned as a world-class transit hub and will have a parking space for 300 cars, 850 two-wheelers, rickshaws, taxis and buses.
It will also have a central concourse for waiting passengers, and like airports, have separate areas for arriving and departing passengers. Six lifts, eleven escalators and three travelators will be fitted for the intra-station commute for the passengers.
Besides its renovated interiors, the Habibganj station will have a commercial establishment, a bus terminal, office lobbies and service apartments on its outer western side, while the eastern side would have hospitals, hotels, convention centre, and spas. That might change the way passengers visualise train travel, once it is functional in three years’ time. A total of 17,245 sqm of railway land would be commercially developed for monetization.
The Habibganj project, the entire redevelopment project would be monitored by Indian Railway Station Development Corporation (IRSDC), a special purpose vehicle of the Government of India that has been designed to develop new stations and redevelop existing Indian railway stations.