The cash-strapped Municipal Corporation of Delhi (MCD) has come up with a new idea to fund itself. The civic agency is planning to sell off its vacant, unused plots in the city to earn more revenue.
The corporation has identified 11 such properties, which can fetch them Rs 2000 crore. The civic agency has requested Home Minister P Chidambaram to allow it to dispose off its properties to generate revenue.
“We have requested the Home Minister today to allow us to commercially exploit vacant plots. We can then lease out the plots and earn interest. This will help us fund activities like maintenance of slum clusters,” said Subhash Arya, leader, MCD House.