Sarojini Nagar Land to Host New Commercial Hub
Real Estate

Sarojini Nagar Land to Host New Commercial Hub

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.

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.

Next Story
Real Estate

K Raheja Corp launches luxury tower at Raheja Galaxy, South Pune

K Raheja Corp Homes has unveiled a new luxury tower at Raheja Galaxy in South Pune, catering to the growing demand for premium living spaces in the area. Located off NIBM, the project offers seamless connectivity, excellent infrastructure, and a reputation for timely delivery and superior construction quality.The new tower features spacious 2-bed, 3-bed, and 3BHK L residences, priced from Rs 1.29 crore. The homes are designed with modern amenities and a neo-classical architectural style, offering a balance of functionality and luxury. Prices will increase after April 30th, making the early-bir..

Next Story
Infrastructure Urban

PM to Visit Bihar on April 24 for Panchayati Raj Day Celebrations

Prime Minister Shri Narendra Modi is scheduled to visit Bihar on 24th April 2025. During his visit to Madhubani, he will participate in the National Panchayati Raj Day celebrations at around 11:45 AM. On this occasion, he will inaugurate, dedicate, and lay the foundation stone for several development projects worth over Rs 134 bn, and will address the public gathering. As part of the programme, the Prime Minister will present the National Panchayat Awards, honouring the best-performing Panchayats from across the country. In the railways sector, Prime Minister Modi will flag off the Amrit Bha..

Next Story
Infrastructure Urban

Rs 140 Bn Infra Projects in North India Reviewed by DPIIT Secretary

Shri Amardeep Bhatia, Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT), chaired a high-level Project Monitoring Group (PMG) review meeting to assess progress on major infrastructure projects in Uttar Pradesh, Haryana, Punjab, and Uttarakhand. The meeting was attended by senior officials from central ministries, state governments, and private sector project proponents. A total of 17 key infrastructure projects, collectively worth over Rs 140 billion, were reviewed during the session, which addressed 19 critical issues affecting project execution. The discussions..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?