New Delhi IBNS | 2 years ago

July 8

The dignitaries present included officers from Delhi Police, Ministry of Home Affairs and Punj Lloyd including Bhim Sain Bassi, Special Commissioner of Police (Admin), Principal Secretary- Home Arvind Ray, Shantanu Sen, Officer on Special Duty to Lieutenant Governor of Delhi T N Mohan, Special Commissioner of Police General Administration and Operations S N P Punj, Chairman Emeritus Punj Lloyd and Director- Corporate Affairs, Punj Lloyd Luv Chhabra.

The project worth approx. Rs.1300 Crore is based on Design, Build, Finance, Operate and Transfer (DBFOT) model, primarily entails development, operation and maintenance of the residential zone of over 5000 units (approx. 40 lakh sq ft.).

It also includes development and commercial operations of the support infrastructure such as schools, healthcare, convenience shopping, as per the norms laid down in the Delhi Master Plan 2021.

Punj Lloyd has set up Indraprastha Metropolitan Development Limited, a special purpose vehicle who is the Concessionaire and is responsible for the development of the project.

The project has achieved financial closure and the master layout design has been jointly agreed with Delhi Police. The construction of the project is expected to commence soon on receipt of all statutory approvals.

The function started with the Guard of Honour for Tejendra Khanna.

In his welcome address, Spl. Commissioner of Police (Admin.) Bassi said, "This project is a good example of public private partnership in housing. We are grateful to the support and guidance lent to us by Hon'ble Lt. Governor of Delhi, Shri Tejendra Khanna without whom this project would not have reached this stage of development. It is important to note that out of the 5000 plus units, over 4000 are in the Type 2 category for the constabulary of the Delhi Police and will greatly improve their living standards."

Speaking on the occasion, Tejendra Khanna said, "I am very pleased that the Dheerpur housing project has commenced. This is a landmark project - the first ever Public Private Partnership model in housing of this scale in the country. The Foundation Stone laying is the first major milestone for this project and I urge everyone involved to complete the project as per schedule. Punj Lloyd is known for delivering projects in time without compromising on quality and I expect them to maintain those high standards in this project as well."

Commenting on the development, Luv Chhabra, Director, Punj Lloyd Ltd said, "It is a matter of honor and pride for Punj Lloyd Group to be associated with the Delhi Police and Ministry of Home Affairs on this prestigious project on a Public Private Partnership (PPP) model. We are committed to delivering the project on time and support the endeavour of the Ministry of Home Affairs and Delhi Police in increasing the housing satisfaction level for Delhi Police personnel."

The vote of thanks was delivered by Spl. Commissioner of Police (Operations) T.N.Mohan.

(Posted on 08-07-2013)