NIT TO PUMP `400 CRORE INTO CONVERTING GOKULPETH MARKET INTO 21-FLOOR SHOPPING MALL
The Nagpur Improvement Trust (NIT) plans to revamp the haphazard Gokulpeth market by constructing a shopping mall with two floor basement parking and G+21 floors. Instead of seeking funds from the State government, the civic agency proposes to develop the project on design, build, ͤnance, operate and transfer (DBFOT) basis as reported by Times of India.
NIT has already floated an expression of interest, inviting private companies to develop the project. A pre-bid meeting was conducted on January 21, 2018 and the last date for submitting the tender was February 9, 2018.
“All efforts are being taken to develop the project in a time-bound manner. We are hoping for a good response from private companies for the project. We have prepared a tentative plan for the project. Developers can also come up with their own plan. The condition is to accommodate existing leaseholders of shops allotted by NIT and also Nagpur Municipal Corporation (NMC),” Deepak Mhaisekar, NIT Chairman, was quoted by the national daily as saying.