The redevelopment cost of Gandhinagar Railway Station has shot up by almost 150 per cent at Rs 610 crore, after a decision was taken to convert an under-construction 300-room hotel on top of the railway station to the 5-star category.
“Initially, the estimated cost of the redevelopment was Rs 243.58 crore. However, considering the change in the budget, from a 3-star hotel to a 5-star hotel, the project cost has been increased to Rs 610 crore,” states the first annual report of the Gandhinagar Railway and Urban Development Corporation Limited (GARUD) for the year 2017-18, which tabled in the recently concluded budget session of the Gujarat Assembly.
The annual report further states that the cost of the project spiked after “structural changes were suggested by the Hotel Operator (The Leela Palaces, Hotels and Resorts) Read More
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