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

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Next Story
Infrastructure Energy

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

Next Story
Infrastructure Urban

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement