Sig­na­ture des­ti­na­tions

Delhi’s all set to smarten up with land­mark tran­sit-ori­ented de­vel­op­ments near Metro sta­tions that en­cour­age the walk-to-work cul­ture

HT Estates - - FRONT PAGE - Van­dana Ram­nani

Imag­ine living in an area with very few car park­ing lots, where you can bi­cy­cle to work in two min­utes and walk to the sta­tion close by to take the metro to at­tend a client meet­ing. This may be a re­al­ity in the next five years once the tran­sit-ori­ented cor­ri­dor project called the East Delhi hub, awarded to Na­tional Build­ings Con­struc­tion Cor­po­ra­tion (NBCC) by Delhi Devel­op­ment Author­ity re­cently, is com­pleted with its mar­quee 100-storey build­ing and zero sur­face park­ing.

The Mas­ter Plan of Delhi 2021 has a chap­ter on tran­sit ori­ented devel­op­ment (TOD) that has pro­posed a few cor­ri­dors around Delhi as part of the first phase. Th­ese in­clude cor­ri­dors on the Chat­tarpur to Ar­jan­garh Metro sta­tions, Peeragarhi to Teekri Kalan Metro sta­tions, Dwarka Mor to Dwarka Sec­tor 21 Metro sta­tions and Nehru Place to Badarpur sta­tions.

With the Lt Gover­nor Na­jeeb Jung ap­prov­ing the tran­si­to­ri­ented pol­icy of DDA in Fe­bru­ary this year, the first TODs to be con­structed, how­ever, will be the Karkar­dooma TOD to be ex­e­cuted by the NBCC fol­lowed by one in San­jay Lake – both in east Delhi.

Balvin­der Ku­mar, DDA vice chair­man says, “The TOD pol­icy has been ap­proved by the Delhi’s LG Na­jeeb Jung and it will be no­ti­fied by the ur­ban devel­op­ment min­istry per­haps in a month. NBCC will take up both the Karkar­dooma TOD and the San­jay Lake TOD project which is also a green field devel­op­ment spread across 25 acres. All the TOD projects are part of the re­de­vel­op­ment scheme.”

“The project in Karkar­dooma in­volves devel­op­ment of 75 acre of land in east Delhi. It will fol­low the TOD norms and get FAR of 400. It is strate­gi­cally lo­cated be­tween two Metro lines. It will con­sist of res­i­den­tial units and space for com­mer­cial of­fices,” he says.

“DDA awarded the land to us for joint devel­op­ment of the project a few weeks back. The East Delhi Hub project will be based on the tran­sit-ori­ented devel­op­ment norms and smart city prin­ci­ples. The to­tal cost of the project is ₹ 4,500 crore,” says AK Mit­tal, chair­man and man­ag­ing direc­tor, NBCC.

The project will be a green com­plex. It will fol­low the zero dis­charge prin­ci­ple. All sewage gen­er­ated within the project will be treated/ re­cy­cled in­house. There will be no sur­face park­ing. “We will en­sure that there is min­i­mum ve­hic­u­lar move­ment,” he says.

The high­light of the project is a sig­na­ture tower that will have 100 storeys. Other tow­ers within the com­plex will have 10-30 storeys. We will try and en­gage the best ar­chi­tects, even from over­seas through an open com­pe­ti­tion, says Mit­tal.

A model that is suc­cess­fully fol­lowed in Gu­jarat is the town plan­ning scheme where in­fra­struc­ture is de­vel­oped by the gov­ern­ment around a land pool and the re­main­ing land is given back to the own­ers. Af­ter cre­ation of new in­fra­struc­ture, the value of the land is higher and it is up to the own­ers to con­struct new dwelling units or sell the land at a higher price. There is no trans­fer of cash in the en­tire trans­ac­tion. This model will work very well in a TOD, says Bhatt.

Presently, NBCC is in the process of ap­point­ing an ar­chi­tect who will do the mas­ter plans. Start­ing April 1, it may take nine months to fi­nalise the de­sign and get ap­provals from lo­cal bod­ies. Work on the project will fi­nally start on Jan­uary 1, 2016, and take at least four years to com­plete, he adds.

The project will in­clude 4,800 houses, 80,000 sq m of re­tail space, a five- acre park, apart from a sculp­tures and laser park and a cir­cu­lar sky­walk. As far as hous­ing is con­cerned, the EWS hous­ing will be largely sub­sidised. Other units in the semi luxury, mid­dle class and luxury hous­ing, ser­viced apart­ments etc will be sold to the public like any pri­vate devel­op­ment. “We will think of giv­ing con­ces­sions to se­nior cit­i­zens once the plan is frozen. NBCC will main­tain the com­plex for 30 years,” says Mit­tal.

The amount earned from sell­ing prop­er­ties will be de­posited in an es­crow ac­count main­tained by a high-level com­mit­tee with rep­re­sen­ta­tives from both the DDA and NBCC. NBCC will be paid charges for project man­age­ment, a cer­tain fee on con­struc­tion cost, a fee for man­ag­ing sales and mar­ket­ing. The sur­plus amount will be the prop­erty of DDA. “In the pri­mary dis­cus­sions that we’ve had so far, there are plans to sell com­mer­cial prop­er­ties but no fi­nal de­ci­sion has yet been taken,” he says when asked whether the REITs op­tion will be ex­er­cised for com­mer­cial prop­er­ties.

SANJEEV VERMA

For the San­jay Lake project lo­cated in Mayur Vi­har area, DDA has sug­gested twin cor­po­rate tow­ers, a park and stu­dio apart­ments

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