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Cabinet approves redevelopment of seven GPRA colonies in Delhi

| | Jul 05, 2016, at 11:59 pm
#Cabinet #GPRA colonies
New Delhi, July 5 (IBNS) Union Cabinet chaired by Prime Minister Narendra Modi has approved redevelopment of seven General Pool Residential Accommodation (GPRA) colonies through Central Public Works Department (CPWD) to replace the existing housing stock of 12,970 dwelling units of Type I to IV with Build Up Area (BUA) of approx. 7.49 lakh sqm with approx. 25,667 dwelling units of Type II to VI with BUA of approx. 29.18 lakh sqm. with supporting social infrastructure facilities.

The project will also develop Government office accommodation for nearly 2.42 lakh sqm at Netaji Nagar, read a government statement.

The total estimated cost of the project is Rs.32,835 crores including maintenance and operation costs for 30 years. The project shall be implemented on self-financing basis by sale of commercial BUA in Nauroji Nagar and parts of Sarojini Nagar, adjoining the Ring Road.

The project will be completed in five years in a phased manner.  

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