The Union Cabinet on Tuesday approved a plan for the redevelopment of seven ‘Government Pool Residential Colonies’ in the capital to meet the housing demands of central government employees.
The Ministry of Urban Development (MoUD) presently has 61,869 houses in Delhi — ranging from Type 1 for junior officials to Type 7 and 8 for ministers, senior politicians, and senior judges. The government has not been able to provide houses to an estimated 48,500 employees. In view of the shortage, the MoUD recently decided to hike the penalty levied on those overstaying in such accommodation to 55 times the licence fee.
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The redevelopment project is expected be completed within five years and cost over Rs 32,000 crore. The residential colonies in Sarojini Nagar, Nauroji Nagar and Netaji Nagar will be redeveloped by the National Building Construction Corporation (NBCC) and those in Kasturba Nagar, Thygaraj Nagar, Srinivaspuri and Mohammadpur will be redeveloped by the CPWD.
“In place of the existing old and dilapidated 12,970 dwelling units with a built-up area of 7.49 lakh square metre; 25,667 new houses with a total built-up area of 29.18 lakh square metre will be constructed. This will result in creation of an additional housing stock of 12,697 more spacious houses,” the central government said in a statement.
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In addition, office accommodation of about 2.42 lakh square metre for the South Asia Regional Training Centre will be provided, along with separate office space and a 100-seat hostel for the Ministry of Finance.
Meanwhile, The Confederation of Real Estate Developers’ Associations of India (CREDAI) has stated that the move will not affect real estate costs in the capital since it is a government project. “Delhi has limited housing capacity and the government is facing shortage of accommodation, mostly because the old housing colonies were not planned properly,” said Manoj Gaur, member of the CREDAI’s governing council.
Io meet the investment needs, NBCC has been allowed to sell commercial space of 8.07 lakh square metre in Nauroji Nagar and Sarojini Nagar on freehold basis through e-auction.