|Anoop Kumar Mittal, CMD, NBCC|
STATE-owned developer National Buildings Construction Corporation (NBCC) is planning to construct the Capital’s first 100-storey building in Karkardooma, East Delhi, over the next three to four years, says a media report .
Delhi Development Authority recently awarded 75 acres of land in Karkardooma to NBCC for joint development.
NBCC is now in the process of...laying down its plan for the “East Delhi Hub” project that will be based on the Transit Oriented Development (TOD) norms and “smart city” principles.
The iconic project is likely to cost Rs 2,500 crore. It will provide housing to 3,000-4,000 families and will also have commercial and recreational areas.
Having received the Letter of Intent from DDA regarding the joint development, NBCC is in the process of preparing the MoU.
“DDA awarded the land to us for joint development a few weeks back and we would be ready with the design over the next two-three months. We plan to complete the project over the next three years,” Anoop Kumar Mittal, CMD, NBCC was quoted as saying in a leading financial daily.
The project will be developed on the lines of the government’s “smart city” concept and it will have features like energy conservation, water harvesting and IT-enabled services.
Instead of conducting auctions after completion of construction, DDA plans to sell apartments in the “East Delhi Hub” to buyers, just like private developers.
While Noida and Gurgaon have seen vertical growth, Delhi is not known for highrise buildings.
The Brys Group is developing an 81-storey ‘Brys Buzz’ in Noida that the company claims would be the tallest tower in North India, while the Lodha Group is building a 117-storey tower in Mumbai that is reported to be the world’s tallest residential tower.The project will follow smart city principles, Transit Oriented Development norms. This means mixed use development, designed in a manner that there is access to public transportation such a Metro in the vicinity and has walkable neighbourhoods.