Delhi govt to resume construction of 16,000 flats for poor
Real Estate

Delhi govt to resume construction of 16,000 flats for poor

The Delhi government has decided to restart the construction of about 16,000 semi-built flats meant for the economically weaker sections, which could not be completed due to various reasons. The government has also decided to repair 17,660 flats that have been lying unoccupied for several years and are currently in a dilapidated state. These flats were built by Delhi State Industries and Infrastructure Development Corporation (DSIIDC) under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) with financial help from the central government. The department of urban development of Delhi government has approved a proposal to repair unoccupied EWS flats and fully construct semi-built units at a cost of Rs 22.10 billion. The proposal is likely to be brought before the expenditure and finance committee of Delhi government soon.

The DSIIDC had taken up the construction of 34,260 low-cost houses under the JNNURM scheme following various surveys conducted during the 1990s and 2000s. According to the Urban Development Department, 17,660 flats have been completed and 16,600 remain in different stages of construction due to various factors, including non-availability of some parts of land parcels. Of the 17,660 flats, DSIIDC has already handed over 1,530 flats—362 at Bawana and 1,168 at Baprola— to Delhi Urban Shelter Improvement Board for allotment to jhuggi dwellers.

See also:
Lodha to invest Rs 39.5 billion on sustainability
Japanese-backed Satya MicroCapital to finance affordable housing


The Delhi government has decided to restart the construction of about 16,000 semi-built flats meant for the economically weaker sections, which could not be completed due to various reasons. The government has also decided to repair 17,660 flats that have been lying unoccupied for several years and are currently in a dilapidated state. These flats were built by Delhi State Industries and Infrastructure Development Corporation (DSIIDC) under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) with financial help from the central government. The department of urban development of Delhi government has approved a proposal to repair unoccupied EWS flats and fully construct semi-built units at a cost of Rs 22.10 billion. The proposal is likely to be brought before the expenditure and finance committee of Delhi government soon. The DSIIDC had taken up the construction of 34,260 low-cost houses under the JNNURM scheme following various surveys conducted during the 1990s and 2000s. According to the Urban Development Department, 17,660 flats have been completed and 16,600 remain in different stages of construction due to various factors, including non-availability of some parts of land parcels. Of the 17,660 flats, DSIIDC has already handed over 1,530 flats—362 at Bawana and 1,168 at Baprola— to Delhi Urban Shelter Improvement Board for allotment to jhuggi dwellers.See also: Lodha to invest Rs 39.5 billion on sustainability Japanese-backed Satya MicroCapital to finance affordable housing

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement