By Accommodation Times Bureau
New Delhi: The Cabinet Committee on Economic Affairs today approved a proposal of Ministry of Urban Development for re-development of Kidwai Nagar (East) New Delhi for construction of residential accommodation for Government employees. The project shall be implemented through Public-Private Partnership (PPP) mode without any budgetary support, by the National Buildings Construction Corporation (NBCC), a Government of India undertaking, in five years. Approximately, 4747 dwelling units shall be constructed in place of 2331 old houses.
At present, there is an acute shortage of Government housing, especially in National Capital Region. This shortage of dwelling units has created a long waiting list of government officials waiting for eligible housing. Thus, there is a need to undertake re-development programme to replace the old buildings with new ones and further to augment the housing stock by optimum utilisation of the existing land resources.