Gandhinagar Railway and Urban Development Corporation Ltd
A SPV named GARUD has been formed with Equity Contribution of Government of Gujarat (GoG) (74%) and IRSDC (26%) which would work as a Joint Venture Company for redevelopment of Gandhinagar Railway Station, development of Hotel on the Airspace above Railway Station and Management of Mahatma Mandir and Exhibition Centre at Helipad Ground.
The project involves:- Development of a 318 room five star business hotel
- Redevelopment of Gandhinagar Railway Station
- Approach ramps to the hotel 937 m long and of 22 m height
- Construction of 18 m wide underpass connecting East & West of the railway line (Mahatma Mandir and Hotel main entry)
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GARUD
Gandhinagar Railway and Urban Development Corporation Ltd (GARUD) is a Joint Venture Company incorporated on 5th January, 2017 between Government of Gujarat (GOG) and Indian Railway Stations Development Corporation Ltd (IRSDCL) under the provisions of the Companies Act, 2013 with equity Contribution of 74% from Government of Gujarat (GOG) and 26% from Ministry of Railway (MOR).