New makeover plan for prime MCD land

The Municipal Corporation of Delhi has decided to engage NBCC for redeveloping six ageing properties at prime locations across the capital—an effort to generate at least ₹15,000 crore — but likely significantly more —and ease a financial crisis that has left the civic body unable even to repair its own crumbling staff quarters.

- Paras Singh

The properties slated for redevelopment house employee accommodation built over five decades ago at Minto Road near Connaught Place, Model Town, Azadpur, Dhaka near Delhi University's North Campus, Usmanpur, and Kamla Nagar. Under the plan, these structures would be razed and replaced with multi-storey residential-cum-commercial complexes, with the flats and commercial space sold to generate revenue.

Discussions with state-run NBCC (India) Limited are at an advanced stage, a senior MCD official said, with the proposal expected before the standing committee soon. The decision to involve NBCC follows the civic body's repeated failure to execute these projects on its own and the collapse of earlier talks with the Housing and Urban Development Corporation.