NBCC aims high, to develop Delhi plot without govt funds

NEW DELHI .  Thought skyscrapers are not for Delhi? Keeping pace with Gurgaon or Noida or other rapidly urbanising areas in the National Capital Region (NCR), Connaught Place or CP, deemed the heart of New Delhi, will have some of the tallest multi-storey buildings in NCR in the next two-three years.

 

 

 

National Building Construction Corporation (NBCC), assigned to “redevelop and modernise” the old, British-built government press at Minto Road, has readied a project report, proposing to raise the funds for the same through “optimum utilisation of (surplus) land parcels” with the press.

 

 

 

The plan is to erect a couple or more high-rise commercial buildings on 30% of the total land area of 6.16 acres with the Minto Road Press and offer the space on a 30-year lease to multinational companies, public sector banks and government departments.

 

 

 

The money raised — projected at some R1,200 crore — would be used for construction and to redevelop the press. One of the buildings to be built could be tall enough to rival the 24-floor headquarters of the Municipal Corporation of India, Delhi’s tallest building now and almost a stone’s throw away from the press premises.

 

 

 

“We will be modernising the government press, which comes under the department of printing, without spending a single rupee from the government’s coffers. This would be done by making optimum utilisation of land parcels at the press premises,” a senior NBCC official told FE. NBCC’s project report is being vetted by the ministry of urban development.  FInancial Express