Wednesday, July 4, 2018

NBCC gets green nod to redevelop Sarojini Nagar colony

AMIDST controversy over felling of trees for redeveloping seven colonies by state-run NBCC, the PSU has got green nod from the Environment Ministry for one of these projects where nearly 18,000 flats will be built at an estimated cost of Rs 11,660 crore.
NBCC has received the environment clearance (EC) for redeveloping the Sarojini Nagar Colony in south Delhi with some riders, according to an official document.
The PSU has informed the Centre that there are about 13,128 trees at the site. "Due to the demolition purpose, 11,000 trees will be felled and 2,128 trees will be...
retained," NBCC said in its proposal.
However, the loss of trees would be compensated by large landscaping planned and suggested in the Master plan of the proposed project, it added.
While giving the EC, NBCC has been asked to plant minimum one tree of native species for every 80 square metre of land. It has also been asked to plant 10 trees for every one tree cut.
Among other conditions specified, the company has been asked to obtain all necessary clearances from relevant agencies including town planning authority before commencement of work.
Further, NBCC has been asked to obtain 'Consent to Establish /Operate' for the project from the State Pollution Control Board and approval of the competent authority for structural safety of buildings as per National Building Code.
The proposed project is expected to create employment opportunity for 800 persons, the document added.
Besides Sarojini Nagar, the government-owned real estate development body is redeveloping Netaji Nagar and Nauroji Nagar, while the Central Public Works Department (CPWD) is managing the rest four colonies in Kasturba Nagar, Thyagraj Nagar, Srinivaspuri and Mohammadpur.
A major protest broke out against the decision, with locals and activists launching their own "Chipko Movement", a forest conservation movement where people embraced trees to prevent them from being cut in Uttarakhand (then Uttar Pradesh) in the 1970s.
As part of the redevelopment of East Kidwai Nagar, the refurbished shopping complex was taken over by concerned civic authority in November 2016. The local shop owners have since then moved to the fully operational complex.
All the clearances pertaining to fire, water and other statutory requirements for the shopping plaza were duly complied with to enable hassle-free operations of the local shop owners.
The shopping complex, along with a senior secondary school building and a banquet hall, are part of the prestigious redevelopment plan of East Kidwai Nagar for sustainable and optimal utilisation of available land parcel in the area.
Work on the East Kidwai Nagar General Pool Residential Accommodation Redevelopment Project' was started in December 2014 by NBCC and the entire project is scheduled for completion in November 2019. As per plan, the entire project cost will be met from the revenue generated from sale of built-up area of the project on lease hold basis for 30 years to government departments, ministries and public sector undertakings.
The self-sustainable project runs on green energy with supporting social infrastructure, complete in-house solid and liquid waste management facilities and rain water harvesting systems.
Grid connected roof top solar systems on the three buildings generate 250 KW of electricity of which 200 KW is used for the three buildings and the remaining 50 KW transferred to the grid.
NBCC is a Navratna enterprise under the Ministry of Housing and Urban Affairs. The company’s present areas of operations are categorised into three main segments: Project Management Consultancy (PMC), Real Estate Development and EPC Contracting.
The PSU is listed with both the Stock Exchanges since 2012. With consolidated revenue of Rs 7,096 crore, NBCC has been growing with a consistent upward trajectory of 20 per cent CAGR in the past five years. The company’s unique business model has today makes it stand out as a leader in its own right in the construction sector with more than Rs 80,000 cr order book in hand.

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