The Yamuna Expressway Industrial Development Authority (Yeida) has finalised CBRE South Asia as consultant to prepare a detailed project report (DPR) for ‘Heritage City’, an urban zone to be developed at Raya in Mathura. For the heritage city six bidders including PwC, CBRE South Asia Private Limited and WAPCOS Limited had applied. In December last year, the authority had started the process to hire an agency for the Heritage City project.
CBRE has been given three months to submit DPR. In other words, the DPR is likely to be ready by May this year.
The one-of-its-kind heritage city will be spread across 9000 hectares of area along Yamuna E-way. The Yamuna River will be beautified on the lines of Sabarmati and Gomti river front projects for people and remaining land will be developed as industrial, residential, commercial and mixed land use in this town. The YEIDA has earmarked 700 hectares for tourism projects to be built on the theme of heritage in order to promote the ancient city Mathura and places associated with Mahabharat epic. The 175 hectares area is earmarked for river front development along Yamuna, at least 1000 hectares for industrial and remaining will be divided into residential and other usages.
CBRE was the first International Property Consultancy to set up an office in India in 1994. Since then, the operations have grown to include more than 10,000 professionals across 10 offices with a presence in over 80 cities in India. As a leading international property consultancy, CBRE provides clients with a wide range of real estate solutions, including Strategic Consulting, Valuations/Appraisals, Capital Markets, Agency Services and Project Management.