NDMC to Build Two Commercial Complexes in Delhi
Real Estate

NDMC to Build Two Commercial Complexes in Delhi

The New Delhi Municipal Council (NDMC) has prepared a plan to develop two commercial complexes to enhance its infrastructure and utilize vacant sites for increased revenue generation. These complexes will be located opposite Prithviraj Market and at a vacant plot adjoining Akbar Bhawan in Chanakyapuri.

NDMC Chairman Keshav Chandra announced the projects in the budget proposals for the financial year 2025-26.

The NDMC owns single-storey vacant flats opposite Prithviraj Market and next to Lok Nayak Bhawan, which were previously occupied by NDMC employees. The chairman explained that the commercialisation project for this complex involves demolishing the entire area and redeveloping the space for offices and shops. He stated that demolition work is expected to begin by March 2025.

An NDMC official provided further details, stating that the complex would be developed similarly to Lok Nayak Bhawan, with at least eight storeys. The ground floor would have retail spaces, while the upper floors would house offices. The total built-up area will be around 1 lakh square feet, with 18-20 per cent allocated for retail and the remainder for offices. The design, feasibility study, and tendering for the project are expected to be completed in this financial year, with work scheduled to begin in the next financial year once the plan is approved in the council meeting. The council is currently focused on the architecture and design of the commercial centre.

Additionally, the official mentioned that the open parking area for Khan Market and Prithviraj Market might be repurposed to develop an underground multi-level parking facility.

Regarding the second project, for a multi-storey commercial complex in front of Akbar Bhawan, the council had earlier invited tenders for the construction of a multi-storey office complex with four basements and ten storeys. However, the tendering process was delayed due to litigation in the Delhi High Court. The official noted that the case has now been resolved, and the detailed estimate is being revised for further processing. Since the initial plan was developed four years ago, the revised plan might result in cost escalations. The official added that they expect to proceed with the tender process for the project within the next six months.

The New Delhi Municipal Council (NDMC) has prepared a plan to develop two commercial complexes to enhance its infrastructure and utilize vacant sites for increased revenue generation. These complexes will be located opposite Prithviraj Market and at a vacant plot adjoining Akbar Bhawan in Chanakyapuri. NDMC Chairman Keshav Chandra announced the projects in the budget proposals for the financial year 2025-26. The NDMC owns single-storey vacant flats opposite Prithviraj Market and next to Lok Nayak Bhawan, which were previously occupied by NDMC employees. The chairman explained that the commercialisation project for this complex involves demolishing the entire area and redeveloping the space for offices and shops. He stated that demolition work is expected to begin by March 2025. An NDMC official provided further details, stating that the complex would be developed similarly to Lok Nayak Bhawan, with at least eight storeys. The ground floor would have retail spaces, while the upper floors would house offices. The total built-up area will be around 1 lakh square feet, with 18-20 per cent allocated for retail and the remainder for offices. The design, feasibility study, and tendering for the project are expected to be completed in this financial year, with work scheduled to begin in the next financial year once the plan is approved in the council meeting. The council is currently focused on the architecture and design of the commercial centre. Additionally, the official mentioned that the open parking area for Khan Market and Prithviraj Market might be repurposed to develop an underground multi-level parking facility. Regarding the second project, for a multi-storey commercial complex in front of Akbar Bhawan, the council had earlier invited tenders for the construction of a multi-storey office complex with four basements and ten storeys. However, the tendering process was delayed due to litigation in the Delhi High Court. The official noted that the case has now been resolved, and the detailed estimate is being revised for further processing. Since the initial plan was developed four years ago, the revised plan might result in cost escalations. The official added that they expect to proceed with the tender process for the project within the next six months.

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?