+
DU set to borrow for infrastructure expansion
Real Estate

DU set to borrow for infrastructure expansion

In addition to receiving approximately Rs 1.20 billion in central funds to implement the economically weaker section (EWS) quota, Delhi University will borrow approximately Rs 9.50 billion from the Higher Education Funding Agency (HEFA) for infrastructural expansion and other assets, including academic blocks in two areas, Roshanpura and Surajmal Vihar, the land for which has long been with DU.

The proposal passed in the building committee has been placed before the executive council meeting. According to the agenda document, “Under the EWS scheme, the university has been allotted Rs 1.20 billion for construction and creation of other infrastructure, whereas the cost of the four projects, as approved by the building committee, is much more than the sanctioned grant; as such it was necessary to prioritise the projects to be taken up under the EWS scheme.”

The finance committee then approved a loan proposal of Rs 10.45 billion from HEFA, and it was sent to the Union education ministry (MoE). The projects related to the EWS grant include the vertical extension of a multistorey science block, computer centre, stack halls at the central reference library and a new girls hostel.

Also Read
Ingka Centre to open city centres at Gurugram & Noida
Ports Minister inaugurates two STPs at Chennai Port


In addition to receiving approximately Rs 1.20 billion in central funds to implement the economically weaker section (EWS) quota, Delhi University will borrow approximately Rs 9.50 billion from the Higher Education Funding Agency (HEFA) for infrastructural expansion and other assets, including academic blocks in two areas, Roshanpura and Surajmal Vihar, the land for which has long been with DU. The proposal passed in the building committee has been placed before the executive council meeting. According to the agenda document, “Under the EWS scheme, the university has been allotted Rs 1.20 billion for construction and creation of other infrastructure, whereas the cost of the four projects, as approved by the building committee, is much more than the sanctioned grant; as such it was necessary to prioritise the projects to be taken up under the EWS scheme.” The finance committee then approved a loan proposal of Rs 10.45 billion from HEFA, and it was sent to the Union education ministry (MoE). The projects related to the EWS grant include the vertical extension of a multistorey science block, computer centre, stack halls at the central reference library and a new girls hostel. Also Read Ingka Centre to open city centres at Gurugram & NoidaPorts Minister inaugurates two STPs at Chennai Port

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code