Housing redevelopment project in Delhi
The government of Delhi has planned to re-develop the housing colonies. The project will be the biggest construction work in Delhi.
This redevelopment of colonies will be done by National Buildings Construction Company (NBCC). Kidwai Nagar colony in New Delhi will be the first to be redeveloped.
The cost of the redevelopment project is estimated to Rs 4500 crore.
The cabinet ministry has approved the redevelopment project of the housing state and the notification regarding the construction work will be issued soon.
Presently 2331 flats are there in the housing complex. And government has planned to construct 4747 apartments in Delhi.
NBCC will hand over 4300 flats to the government and the remaining flats will be sold at market price.
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Source: The Hindu Business Line
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