NEW DELHI: Delhi Metro, which has already started a residential project in Okhla, is planning to start another project adjacent to the Janakpuri (west) Metro station. It had floated tenders for the design consultant earlier this month.
The project will have around 300 flats and will be built over an area of 1.128 hectares.
Delhi Metro spokesperson Anuj Dayal said that the company was also looking at developing residential projects at Parmeshwariwala Bagh, Mundka and Dwarka Sector 21 depot.
The Janakpuri (west) project will be built over three years, and will be constructed and marketed as a "smart" project. "The idea is to have green buildings that are energy efficient, with other green features like water recycling etc," added the Delhi Metro official.
According to Dayal, Delhi Metro will develop the plot of 11,280 sqm at Janakpuri (west) under Transit Oriented Development norms.
"The concept plan for the plot is already prepared. It will have flats of different sizes in addition to the mandatory EWS ones," he added.
In addition, DMRC will also construct 5,000 sqm of commercial area on the plot. "DMRC is planning to bring a scheme to sell these flats directly to the public, government organisations and PSUs by inviting applications," said Dayal.
Delhi Metro has been trying to increase its revenue through property development for some years now. It has been trying to sell the space at stations, as well as other pockets of land as part of its property development unit, but has had a mixed response.
SOURCE: ETRealty
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