Sarojini Nagar Land to Host New Commercial Hub

02 Dec 2024 CW Team

The Centre plans to monetise nearly 60 acres of prime land in Delhi's Sarojini Nagar by developing a new commercial centre and additional housing units for sale and government employees. The move aims to offset costs incurred in redeveloping seven General Pool Residential Accommodation (7GPRA) colonies, a Rs 350 billion project initiated in 2016.

The proposed commercial hub will span 14 acres and is expected to generate Rs 60-70 billion . It will be located near the newly constructed World Trade Centre in Nauroji Nagar, which is part of the 7GPRA redevelopment initiative.

Initially, the project costs were to be covered by sales from WTC and retail spaces in Sarojini Nagar. However, delays caused by the Covid pandemic and the inclusion of new components—such as a 14-km elevated corridor to decongest surrounding areas—have escalated expenses.

To recover the increased costs, the government is expanding the scope of commercial and residential developments. Revised project plans have been sent to the Public Investment Board for approval, following directives from the Union finance ministry.

This redevelopment of seven south Delhi colonies aims to meet housing demands for central government employees and is being executed on a self-financed model.

Building Material

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