- December 20, 2016
- Posted by: amdaindia
- Category: Urban News
The Ministry of Urban Development signed a memorandum of understanding (MoU) with National Buildings Construction Corporation (NBCC) and Central Public Works Department (CPWD) for the redevelopment of seven general pool residential accommodation (GPRA) colonies in the National Capital.
While NBCC will redevelop Sarojini Nagar, Netaji Nagar, Nauroji Nagar, CPWD will redevelop Kasturba Nagar, Thyagraj Nagar, Srinivaspuri, and Mohammadpur.
Around 12,970 existing homes is planned to be replaced by 25,667 dwelling units, with supporting social infrastructure facilities in the next five years, in a phased manner.
“It is a path breaking initiative and MoUD along with NBCC and CPWD will be redeveloping the seven GPRA colonies,” said Rajiv Gauba, secretary, the ministry of urban development.
The project, with an estimated cost of Rs 32,835 crores including maintenance and operation costs for 30 years, will be implemented on the self-financing basis by the sale of commercially built-up area of 8.07 lakh square metre constructed in Nauroji Nagar and parts of Sarojini Nagar by NBCC as a part of the project.
The government is developing a similar Rs 5,298-crore GPRA project in East Kidwai Nagar, with the project scheduled to be completed by December 2018.
The government has already completed a similar GPRA project in New Motibagh.
Source : Mbnow