Government spent Rs 238 cr on the new parliament building
ECONOMY & POLICY

Government spent Rs 238 cr on the new parliament building

The government has spent Rs 238 crore on a new Parliament building and Rs 63 crore on the Centre Vista Avenue construction, cites Lok Sabha.

Minister of State for Housing and Urban Affairs Kaushal Kishore informed the media that works on a new parliament building, estimated to cost Rs 971 crore, is underway and will be finished by October 2022.

He also informed that the redevelopment of Central Vista Avenue, which runs from Rashtrapati Bhavan to India Gate, will cost Rs 608 crore and take until November to complete.

The anticipated costs for these two projects for fiscal year 2022 are Rs 1,289 crore.

In response to another query, the minister clarified that the details of rental premises or area-wise hired by various establishments of the government, as well as the expense incurred on those private rental premises since the beginning of the lease agreement, are not kept centrally.

The government had previously stated that the current Central Vista redevelopment project, which includes the construction of ten new Secretariat buildings, will save the government Rs 1,000 crore in rent.

A new triangular parliament building, a common central secretariat, a 3 km long Rajpath from Rashtrapati Bhavan to India Gate, a new prime minister house and the Prime Minister Office (PMO), and a new Vice President Enclave are all part of the Central Vista reconstruction project.

Image Source


Also read: Central Vista project to continue amid second wave of Covid-19

Also read: Central Vista redevelopment: Govt to develop defence enclave

The government has spent Rs 238 crore on a new Parliament building and Rs 63 crore on the Centre Vista Avenue construction, cites Lok Sabha. Minister of State for Housing and Urban Affairs Kaushal Kishore informed the media that works on a new parliament building, estimated to cost Rs 971 crore, is underway and will be finished by October 2022. He also informed that the redevelopment of Central Vista Avenue, which runs from Rashtrapati Bhavan to India Gate, will cost Rs 608 crore and take until November to complete. The anticipated costs for these two projects for fiscal year 2022 are Rs 1,289 crore. In response to another query, the minister clarified that the details of rental premises or area-wise hired by various establishments of the government, as well as the expense incurred on those private rental premises since the beginning of the lease agreement, are not kept centrally. The government had previously stated that the current Central Vista redevelopment project, which includes the construction of ten new Secretariat buildings, will save the government Rs 1,000 crore in rent. A new triangular parliament building, a common central secretariat, a 3 km long Rajpath from Rashtrapati Bhavan to India Gate, a new prime minister house and the Prime Minister Office (PMO), and a new Vice President Enclave are all part of the Central Vista reconstruction project. Image SourceAlso read: Central Vista project to continue amid second wave of Covid-19 Also read: Central Vista redevelopment: Govt to develop defence enclave

Next Story
Infrastructure Urban

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Next Story
Infrastructure Energy

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Next Story
Real Estate

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement