Delhi Projects Update Thread

[IndiansUnite]

Now that NCR has its own forum, I think it'll be best to break the NCR thread down to 5 new threads.

This thread will be used to track all the development and projects coming up in Delhi.

Link to previous thread

@Mods, please lock the NCR update thread.

[Jim856796]

New Delhi has several projects such as the new Civic Centre, which is currently under construction. Has it topped out yet or do we still have a few floors to go? The project is supposed to be completed in December of this year.

[Cov Boy]

Yet to be topped out I think and Dec is some time away yet.

[IndiansUnite]

In one of the articles on the civic centre that was published in March, it said that the building would top out by march end. So most probably it has t/o already.

[chronicsurfer]

Originally Posted by IndiansUnite

In one of the articles on the civic centre that was published in March, it said that the building would top out by march end. So most probably it has t/o already.

I don't exactly know the height but it looks pretty tall. I was walking in Connaught Place in the evening and paused to see what that massive huge structure with cranes on top was, Civic Centre. Once it's done, it would look impressive from a distance...

[Euromast]

//

Here is some good news for the residents of Dwarka. The long-standing wish of the residents of the sub-city to have their own mall will be fulfilled soon. A mall is coming up in Sector 14, opposite the Metro Station. The Eros Group recently purchased two plots of land auctioned by Delhi Development Authority (DDA) in Dwarka. The construction of the mall has already begun and sources say it would be completed in a year. The mall will be spread over three acres and have a built-up area of approx 1,70,000 sq. ft The retail space in the mall would be spread over five levels, with two levels of car parking and ample ground level parkmg. The mall will also have the usual elements to any modern day mall like escalators, glass capsule lifts, food courts and kiosks, central air-conditioning and hi-tech security system. Says a representative of Eros Group, "The mall's proximity to the Metro Station (it is just a two minute walk away) makes it easily accessible to Dwarka residents in particular and West Delhi residents in generaL" The residents of Dwarka are happy with the new development "A proper mall in Dwarka was essentiaL Going to Rajouri Garden malls took 40 minutes by Metro. A mall closer home adds to the attrac- tion of living in Dwarka which is in fact a city in itself," says Jyoti Seth, a resident of Sector 14, DDA flats, Dwarka. Others want more. "A mall is a good thing but I think what Dwarka needs more is a multiplex. That will make things almost perfect here especially for us students who would love to catch a movie to relax without going through any hassle," says Nagesh Reddy, a student of NSIT, Dwarka.

[HT]

[IndiansUnite]

Surf as you shop: Free wi-fi at markets like CP, Dilli Haat, INA soon

New Delhi: Come July and availability of free wi-fi connectivity in Connaught Place, South Extension I and II, Ansal Plaza and the Dilli Haats at INA and Pitampura will come as a boon for net users in the city. The government’s ambitious plan to turn Delhi into a digitised Capital before the 2010 Commonwealth Games through the wi-fi route is likely to show results by then.

According to officials in the Delhi government’s information technology department, wi-fi connectivity will be free for the first 30 minutes at all the above locations. After that, the user will have to pay a charge. Senior officials said the location have been selected keeping in mind the fact that they attract a lot of footfalls. The idea behind providing wi-fi connectivity is to facilitate internet access to citizens on the move.

The Delhi government had last year invited expressions of interest, seeking participation from private companies interested in installing the wifi system. Four companies were selected for the job. They were Velosis, Microsense, MTNL and Gemini. The companies were selected after assessment of their technological capabilities and were assigned selected locations to install the wi-fi mesh to provide connectivity upto 150 metres from every transmitting box installed in the mesh in a particular area.

The government has also given private players the option of exploring the feasibility of setting up public kiosks in the wi-fi enabled areas. These kiosks will allow access to free internet facility but for a limited time and that too after verifying the identity of the user by seeking a standardised password that could be the prospective user’s mobile number or residence phone number.

The users in this case may be allowed access to some standard sites like checking reservations and booking tickets or checking out tourist destinations.

[TOI]

[bhopalus]

jeez all this stuff just for a game...i wish we had games every 5 years in delhi

[Samrat]

Originally Posted by chronicsurfer

I don't exactly know the height but it looks pretty tall. I was walking in Connaught Place in the evening and paused to see what that massive huge structure with cranes on top was, Civic Centre. Once it's done, it would look impressive from a distance...

The civic centre is a 28-floor, 101- metre high building which will be the tallest in New Delhi and expected to be completed very soon.

[phaedrus]

DLF may take up slum rehab projects in Delhi

REAL estate major DLF is drawing plans to take up slum development projects in Delhi, which, though fraught with political risks, could see business worth thousands of crores.
“We are preparing an elaborate plan to develop slum areas in Delhi. We have received a very positive response from chief minister Sheila Dixit about it. We will shortly submit the proposal to the government,” said a senior DLF official. He didn’t give details as the proposal is yet to be finalised, but said the project “is going to be big”. A DLF spokesperson, however, denied that the company is working on any such project.
As in Mumbai, where more than half the population live in slums, Delhi, too, houses a sizeable chunk of its population in these run-down places. According to Municipal Corporation of Delhi (MCD), nearly 30 lakh
people (over 20%) live in slums. The city has 900-odd slum clusters, commonly referred to as jhuggis. Bhumiheen camp and Navjivan camp at South Delhi’s Kalkaji, housing around 8,000 families each, are the bigger ones. Areas like Okhla, Mayapuri, Wazirpur Shadipur and the Trans-Yamuna, too, are home to hundreds of slums. There is no government estimate available on the area these slums occupy.
Delhi hasn’t seen any great initiative by private developers in the past for slum development. A senior MCD official blames the state government for not giving the developers the go-ahead. But now the government seems to be showing interest. And there are many incentives for developers to take the plunge. “The land comes much cheaper in the slum development projects, compared to that obtained in government auctions,” says Cushman & Wakefield India joint MD Sanjay Dutt. Besides, the government allows higher floor space index (FSI) — permission to build more in a given area than is ordinarily permitted to developers.
The whole process works like this. A developer identifies a slum for the redevelopment project and approaches the government with a proposal. Once it gets government nod, the developer is expected to obtain the consent of slum dwellers. (In Mumbai, at least 65% of slum-dwellers must agree for a project to take off.). The developer is expected to provide a new dwelling unit to existing residents in the proposed apartments.
Access to cheap land gives developers a high margin. Some Mumbai-based real estate firms like Akruti City, HDIL and Orbit have made big bucks by banking on these projects. According to Mr Dutt, the return for a developer on a slum project could be as high as 80%, compared to 35-40% in ordinary projects.

source economictimes epaper

[Euromast]

Plan to set up guided parking at Palika

NEW DELHI: Delhiites tired of complaining about parking space shortage in and around Connaught Place may soon have something to cheer about if all goes according to the New Delhi Municipal Council’s plans to provide a new state-of-the-art electronic parking guidance and management system at Palika Parking.

Following roping in of “Influence Computer Consultants” and submission of its report, the civic body has now provided conceptual approval to the ambitious plan. The Rs.2.67-crore plan is expected to be implemented in 12 months after final approval by the NDMC.

Under this concept, vehicle users would be guided through a wide range of modern equipment including sensors, lights, signboards and directional displays to the closest vacant car space existing in the parking lot and similarly for identifying their car location at the time of exit. Apart from boasting of an automatic online guidance at each decision-making junction, the plan also aims at zone-wise sub-division of areas for easy identification.

[IndiansUnite]

Parsvnath buys central Delhi plot for Rs 200 cr

Parsvnath Developers has bought a 1.18-acre plot in the heart of Lutyen's Delhi for a whopping Rs 200 crore from Mahajan Industries, which owned the property jointly with the Dhoot family.

The property is located at 27, Kasturba Gandhi Marg and the price paid sets a new benchmark for land in the national capital. Primetime Realtors, a recently formed subsidiary of Parsvnath, bought the property.

Parsvnath plans to develop a luxury mall with shopping and office space on the property. This is the first such proposed mall development in an area where land is extremely hard to come by.

Sources said Parsvnath intends to develop around 1,00,000 square feet of commercial space at the mall. The property development will see an overall investment of around Rs 300 crore, including the land cost, and is likely to be completed by 2010-end.

[Euromast]

Boomtown Delhi: Vertical ‘slum' project finally gets green signal

DELHI will finally get a skyline in Tehkhand - an area adjacent to the Tughlaqabad greens which will be developed as a multi-storeyed, mini township for the economically weaker sections, but will also have 500 premium flats for the moneyed.

The country's largest realty firm DLF and the Indiabulls real estate had formed a joint venture company in 2006 and had bid for these 14.3 hectares in South Delhi. While DDA kept the reserve price at Rs 200 crore, the companies had been more than generous to buy it for Rs 450 crore. However, it is learnt that in February this year, Indiabulls bought out DLF's equal stake for an undisclosed amount.

The project has no commercial component. Three thousand and five hundred flats will be constructed for the economically weaker sections, but what will ultimately turn the money-spinner are the 500 premium flats that will come up on one side - on a 6hectare plot. The complex will also be self-sufficient with the usual trappings - ATMs, mini-multiplexes, restaurants, parking lots, a sports complex etc. The 3,500 flats for the weaker sections will be handed back to the DDA for allotment

[IndiansUnite]

some more info on the luxury mall next to CP:

"We will start construction in 4-5 months and complete the project within 24 months," Managing Director Pradeep Jain told Reuters over telephone.

The project currently has a floor space index of 1.5 times, translating into 100,000 sq ft of developable area, but Jain said he hopes to develop the project under the local government's new Master Plan, which would boost total space by two-thirds.

"About 40 percent area will be reserved for retail and another 50 percent for office space," Jain said. "We plan to lease out the entire space."

clicky

[bhopalus]

Originally Posted by Euromast

Boomtown Delhi: Vertical ‘slum' project finally gets green signal

if this is so big, how come there's only one article on this?

http://news.google.com/news?q=tehkha...=1&sa=N&tab=wn

[Euromast]

Railways to lease out land in Delhi to fund expansion plans

New Delhi: Around 1.1 million sq. ft of commercial space will soon be available in the heart of New Delhi, with the Union ministry of urban development clearing a plan by the Indian Railways to *develop the space on the land it owns and use the proceeds to finance its expansion *programmes.
Real estate advisory firm Cushman and Wakefield declined to put a value on the space, saying the valuation could change depending on zoning and allowed usage patterns. However, a Bloomberg story in December had pegged the value of the site at about $2.5 billion (Rs9,900 crore), quoting data from a Cushman and Wakefield study

It is one of the 22 railway stations that the railways eventually plans to hand over to private partners. Apart from New Delhi, the railways is looking to bid out development projects in the Chattrapati Shivaji Terminus in Mumbai and the stations at Patna and Secunderabad soon.

[Euromast]

Paramount Group to invest Rs 1,100 cr in three projects

New Delhi: National capital-based real estate developer Paramount Group is understood to have decided to invest about Rs1,100 crore in three projects over the next two years.
The company is developing a group housing project - Paramount Symphony - in the upcoming integrated township, Crossings Republik in the national capital region, spread over 360 acres of land.
A company source told PTI that it is likely to invest over Rs730 crore in developing 850 flats in the 8.5-acre project, which is expected to be ready by 2010. It would construct six towers of 22 storeys each.
Paramount Group is one of the partners in ‘Crossings Republik´, which is being developed by seven NCR-based real estate players.
In the township, the company is also developing another 15-storey residential tower, which is likely to be completed at an investment of Rs135 crore

Besides, Paramount Group is developing a 100-acre integrated township at Saharanpur, which could entail an investment of about Rs230 crore,” the source said.
The township - Paramount Tulip - would comprise 500 plots and 100 villas and would be handed over to customers in the next 18 months.

[livemint]

[zhiemi]

image hosted on flickr


image hosted on flickr


image hosted on flickr

[IndiansUnite]

Thanks for the images Zhiemi. I am glad that they've deployed more than one team to do the job. The renovated B Block looks great in the first image.

[Cov Boy]

Massive improvement!