Describing the East Kidwai Nagar project as a role model for redevelopment, Union urban development minister M.
Describing the East Kidwai Nagar project as a role model for redevelopment, Union urban development minister M. Venkaiah Naidu said the '5,298 crore project should be replicated at other places for development of cities.
Mr Naidu was speaking after inaugurating three components of the project. Being implemented by the state-run National Buildings Construction Corporation (NBCC), work on the “East Kidwai Nagar General Pool Residential Accommodation (GPRA) Redevelopment Project” was started in December 2014 and the entire project is scheduled for completion in November 2019.
The entire project cost will be met from the revenue generated from sale of built-up area of the project on leasehold basis for 30 years to government departments, ministries and public sector undertakings, he said.
The minister said the project is a role model which needs to be adopted at other places for the development of the cities. “Redevelopment of properties is the way for optimal utilisation of scarce land resources in cities and for generating resources required. Zero waste-generation and zero discharge shall be the guiding principle for smart city development. Redevelopment of government colonies in a big way in Delhi reflects the Centre’s approach to improving quality of life and recasting urban landscape,” added Mr Naidu. He also directed the NBCC, the implementing agency under the urban development ministry, to complete the entire project by December 2018.
