ÑDz©ÌåÓý¹ÙÍøÊ×Ò³

Sarojini Nagar Land to Host New Commercial Hub
Real Estate

Sarojini Nagar Land to Host New Commercial Hub

The Centre plans to monetise nearly 60 acres of prime land in Delhi's Sarojini Nagar by developing a new commercial centre and additional housing units for sale and government employees. The move aims to offset costs incurred in redeveloping seven General Pool Residential Accommodation (7GPRA) colonies, a Rs 350 billion project initiated in 2016.

The proposed commercial hub will span 14 acres and is expected to generate Rs 60-70 billion . It will be located near the newly constructed World Trade Centre in Nauroji Nagar, which is part of the 7GPRA redevelopment initiative.

Initially, the project costs were to be covered by sales from WTC and retail spaces in Sarojini Nagar. However, delays caused by the Covid pandemic and the inclusion of new components—such as a 14-km elevated corridor to decongest surrounding areas—have escalated expenses.

To recover the increased costs, the government is expanding the scope of commercial and residential developments. Revised project plans have been sent to the Public Investment Board for approval, following directives from the Union finance ministry.

This redevelopment of seven south Delhi colonies aims to meet housing demands for central government employees and is being executed on a self-financed model.

The Centre plans to monetise nearly 60 acres of prime land in Delhi's Sarojini Nagar by developing a new commercial centre and additional housing units for sale and government employees. The move aims to offset costs incurred in redeveloping seven General Pool Residential Accommodation (7GPRA) colonies, a Rs 350 billion project initiated in 2016. The proposed commercial hub will span 14 acres and is expected to generate Rs 60-70 billion . It will be located near the newly constructed World Trade Centre in Nauroji Nagar, which is part of the 7GPRA redevelopment initiative. Initially, the project costs were to be covered by sales from WTC and retail spaces in Sarojini Nagar. However, delays caused by the Covid pandemic and the inclusion of new components—such as a 14-km elevated corridor to decongest surrounding areas—have escalated expenses. To recover the increased costs, the government is expanding the scope of commercial and residential developments. Revised project plans have been sent to the Public Investment Board for approval, following directives from the Union finance ministry. This redevelopment of seven south Delhi colonies aims to meet housing demands for central government employees and is being executed on a self-financed model.

Next Story
Infrastructure Energy

Coal Ministry Opens Bids for 12th Commercial Block Auction

The Nominated Authority under the Ministry of Coal has opened bids for the 12th round of commercial coal block auctions, excluding six underground coal blocks. The round attracted notable interest from participants, with bids submitted for 11 out of the 22 available blocks. The online bids were decrypted and accessed electronically in the presence of bidders. Following this, sealed envelopes containing physical bid documents were also opened in front of the participants. The entire procedure was displayed live on screen for complete transparency. In total, 41 bids—both online and offlin..

Next Story
Infrastructure Transport

India To Export Rs 30 Billion Locomotives To Guinea

India will export 150 Evolution Series ES43ACmi locomotives worth over Rs 30 billion to the Republic of Guinea for use at the Simandou iron ore project site, the Ministry of Railways announced on Monday, 16 June 2025.Manufactured at the Railway Locomotive Factory in Marhowrah, Bihar, the locomotives are part of the Make-in-India initiative and will be supplied in phases: 37 units in the current financial year, 82 units next year, and the remaining 31 in the third year.The 4,500-horsepower locomotives feature AC propulsion, regenerative braking, microprocessor-based controls, and modular archit..

Next Story
Infrastructure Urban

Centre Offers Rs 180 Billion for Urban Planning Reforms

In a move to accelerate comprehensive urban planning reforms across India, the central government has announced Rs 180 billion in special capital investment assistance for 2025�26. States and Union Territories (UTs) can apply for these funds to implement measures focused on improving governance, urban finance, land use, and the overall ease of doing business.According to a communication issued by the Ministry of Finance (MoF) on 22 May, funds will be disbursed as per a detailed guideline and on the recommendation of the Ministry of Housing and Urban Affairs. The reforms aim to bring structur..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement