South Delhi market becomes hub for new entrepreneurs
South Delhi is booming with the increase of investors in two areas: Khan Market and Meherchand Market. Entrepreneurs are eying in south Delhi’s Meherchand Market as it is the alternative destination for many investors because Khan Market is lacking in commercial space.
South Delhi corporation now planned to revive the market in order to boost the revenues. The civic work in the area, that the municipality should take care of are mending the broken footpaths and construction of new a commercial complex in South Delhi.
The corporation is planning to finish the work by the end of next year. They will construct a commercial complex with an underground parking facility with amenities like better pavements, street furniture and drainage facilities as well as greener precincts. This will help to attract more investors and Delhi properties can soon see a new bench mark in the real estate sector.
The total construction will take place in two phases; firstly, improvement of the existing infrastructure and civic amenities, including provision for proper drainage and parking and secondly, the commercial complex and the shops will be given out on rent.
This will help the corporation to earn maximum revenue. Already, the proposal has been accepted by the standing committee and soon it will be approved by the house also, even though estimated project is yet to be prepared.
Even the corporation is looking forward to plant shrubs and ornamental trees to spruce up the area, but to due to parking issues due to Sai Baba Mandir on Lodhi Road, it might create a messy situation. Although, corporation is trying to place more than 350 cars near the market area.
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[...] South Delhi market becomes hub for new entrepreneurs [...]
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