Delhi Metro Rail Corporation Ltd (DMRC) has drawn up plans to build another 30,000 sq metre floor area spread over 6 hectares in the Shastri Park IT area. DMRC has already developed 6 hectares after obtaining approval to set up a special economic zone (SEZ) for IT-enabled services.
The development of additional 6 hectares, adjacent to the existing IT park, will also enable DMRC to fall within the purview of new guidelines for IT specific SEZs. As per the 2006 guidelines, the minimum size of IT-enabled services should be 10 hectares.
The 6-hectare IT park was set up as a part of DMRC’s property development programme to earn revenues for part-funding the metro project. Expansion of the SEZ is proposed as a part of the programme for funding the second phase of the Delhi metro. Feedback Ventures has prepared a detailed project report outlining the financial details of the project.
"Extension of the IT Park will reduce the need for IT workers to commute from Delhi to Gurgaon, thus reducing congestion on roads and helping to minimise pollution," DMRC has stated in a representation to the Commerce Ministry.
DMRC has also pointed out that no land acquisition is involved in building up the additional space. The additional land proposed to be used is in already in the possession of DMRC. Moreover, it is contiguous to the existing IT park and is not required at present for other purposes of the metro company, it has said.