Seven decrepit colonies in the heart of south Delhi housing central government employees will get a spiffy makeover with high-rise apartments for babus and swanky malls.
The Union cabinet chaired by prime minister Narendra Modi on Tuesday approved a Rs 32,835-crore project to redevelop seven residential colonies to meet the housing demand of central government employees.
The government colonies are Sarojini Nagar, Nauroji Nagar, Netaji Nagar, Kasturba Nagar, Thygaraj Nagar, Sriniwaspuri and Mohammadpur.
“In place of the existing old and dilapidated 12,970 dwelling units with a built-up area of 7.49 lakh square metres, 25,667 new houses with a total built-up area of 29.18 lakh square metres will be constructed. This will result in creation of an additional housing stock of 12,697 more spacious houses,” an official government statement said.
The Union urban development (UD) ministry, which is piloting the project, will not have to spend anything.
The National Building Construction Corporation (NBCC) – an autonomous body under the UD ministry – will redevelop Sarojini Nagar, Nauroji Nagar and Netaji Nagar while the Central Public Works Department will revamp the remaining colonies.
To meet the investment needs, NBCC has been allowed to sell commercial space in Nauroji Nagar and Sarojini Nagar on freehold basis through a transparent bidding system using e-auction.
“Space in these two colonies will be developed for government offices, malls and auditoriums. The revenue earned by selling commercial space will be used to develop housing stock in the other five colonies,” said a UD ministry official.
Office accommodation of about 2.42 lakh square metres for the South Asia Regional Training Centre will be provided along with separate office space and a 100-seated hostel for the ministry of finance.
Any future increase in floor area ratio and redevelopment rights will remain with the central government. The purchaser will only have rights of the purchased freehold built-up area.
“NBCC has been authorised to sell shops constructed as part of social infrastructure in all the seven colonies,” the official said.
The project will be completed in five years.
The UD ministry has proposed this redevelopment project keeping in view the over 30% gap in supply and demand for government houses in Delhi.
This will be the second such redevelopment project undertaken by the UD ministry. The NBCC is constructing a swanky multi-storey housing complex in East Kidwai Nagar for government officials.
A portion of the colony will be commercially exploited for revenue.