Main
DDA signs agreement with the NBCC for three mega projects


“As per our plan, we will start with designing of the Lake View Complex and in the next five-six months, work is expected start on the ground. In about next three years, the project is likely to be completed, said NBCC Chairman-cum-Managing Director Anoop Kumar Mittal who signed the MoU with DDA Vice-Chairman Balvinder Kumar.
Transit-oriented-development (TOD) norms encourage development around a transport hub and calls for greater use of public transport system over private vehicles. The complex will have residential, commercial and corporate areas and NBCC will execute the project. The Sanjay Lake will also be adopted and rejuvenated by it, Kumar said.
It will have mixed land-use development projects like old-age homes, recreational, sports, residential and commercial facilities, among others, Kumar said.
A unique feature of the project will be the visual integration with the Sanjay Lake. The western periphery of the complex, overlooking the Sanjay Park will be developed as a lake-front promenade, equipped with walking and cycling track as well as plazas, eateries and skywalks, he said.
Besides, that DDA also announced that an adventure cycle park will be set up on 10 hectare of green forested land in Dwarka’s Sector 5, which would be completed in the next 1.5 years.
Terming the ‘Adventure Cycle Park’ as a unique project in the country, Kumar said, the entire land will be developed without cutting any trees. It will have a 2 km-long mountain terrain for biking for adventure sports lovers.
“The land is in DDA possession and the work on the ‘Adventure Cycle Park’ is expected to begin in 1-2 months,” he said.
-
News4 weeks ago
CapitaLand India Trust Diversifies Funding Sources With Rs 13 Bn Onshore Loan To Develop Its Navi Mumbai Data Centre
-
News4 weeks ago
Bharat Housing Network raises Rs 125 cr in its Series A led by NABVENTURES Fund
-
News1 week ago
Q3 2023 Housing prices up 10% YoY led by positive buying sentiment: CREDAI –Colliers – Liases Foras| Housing Price-Tracker Report Q3 2023
-
News4 weeks ago
Up to 31% Housing Rental Value Growth in IT Hubs in Top 7 Cities in 9M 2023
-
News2 weeks ago
Fractional Real Estate Can Reshape the Second Home Market in India
-
News4 weeks ago
Risland India’s ‘Sky Mansion’ Obtains OC
-
Report4 weeks ago
Colliers APAC cap rate report_Q3 2023_V2
-
News2 weeks ago
Aparna Constructions and Estates Launches Aparna Greenscapes in Hyderabad, Plans Rs 1400 Crores Investment