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In a project similar to the Moti Bagh government quarters,the government flats in East Kidwai Nagar will be transformed into multi-storey residential towers equipped with modern amenities at a cost of Rs 4,264 crore.
The National Buildings Construction Corporation Limited signed a memorandum of understanding with Ministry of Urban Development,on Tuesday,for redevelopment of this housing complex. Residential and commercial space will be developed on 86 acres according to the MoU, an NBCC spokesperson said.
According to Urban Development Ministry officials,Sarojini Nagar,Srinivaspuri,Ramakrishna Puram,Netaji Nagar and Mohammadpur in South Delhi are among other government colonies that will be redeveloped on the lines of East Kidwai Nagar.
The project will comprise 4,609 residential units,as opposed to the existing 2,331,in seven- to 14-storey blocks,apart from 13 lakh square feet of commercial area,adjoining AIIMS,Dilli Haat and INA Market. This project is expected to be completed in four years, an official said.
The plan for the new residential apartments has been approved by the Delhi Urban Arts Commission and consist of all types of flats,including Type VI and Type VII dwelling units for secretary-level officers at the Centre.
Prime space in the heart of Delhi will be utilised for constructing more housing and office space for the government. This is a financially sustainable model where no money will be taken from the government for development of this area. Leasing out of commercial space will fund redevelopment of the complex, an official said.
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