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PM Modi to Launch ₹33,500 Cr Delhi Metro & Housing Projects on March 8

Prime Minister Narendra Modi will inaugurate and lay the foundation stone for development projects worth approximately ₹33,500 crore in Delhi on March 8. The projects include inaugurating two new Delhi Metro corridors and laying the foundation for three more, significantly enhancing connectivity across the capital. He will also launch major housing redevelopment projects under the GPRA plan, providing modern flats for government employees. These initiatives are funded through an innovative self-sustainable model that monetizes commercial space without burdening the public exchequer.

Key Points: PM Modi Inaugurates ₹33,500 Cr Delhi Development Projects

  • Inaugurate two new Delhi Metro corridors
  • Lay foundation for three Phase V-A metro corridors
  • Launch GPRA housing redevelopment projects
  • Self-sustainable financial model with no public burden
2 min read

PM Modi to inaugurate and lay foundation stone of multiple development projects in Delhi on March 8

PM Narendra Modi to inaugurate Delhi Metro corridors & lay foundation for housing redevelopment worth ₹33,500 crore on March 8 in Delhi.

"The projects have been redeveloped through an innovative self-sustainable financial model - ANI Report"

New Delhi, March 6

Prime Minister Narendra Modi will inaugurate and lay the foundation stone of multiple development projects worth around ₹33,500 crore on March 8 at around 12 noon in Delhi. He will also address the gathering on the occasion. Before the programme, the Prime Minister will visit GPRA Type-5 quarters in Sarojini Nagar and hand over the keys to female allottees.

He will also inaugurate and lay the foundation stone of the Delhi metro projects worth about ₹18,300 crore. The PM will inaugurate two new corridors of the Delhi Metro. These include the Majlis Park-Maujpur Babarpur (Pink Line) corridor of around 12.3 km and the Deepali Chowk-Majlis Park (Magenta Line) corridor of around 9.9 km. The new connectivity will benefit several areas of Delhi, including Burari, Jagatpur-Wazirabad, Khajuri Khas, Bhajanpura, Yamuna Vihar, Madhuban Chowk, Haiderpur Badli Mor, Bhalaswa, and Majlis Park, among others.

PM will also lay the foundation stone for three new corridors under Phase V-A of the Delhi Metro, covering a route length of around 16.10 km. The three new corridors are R.K. Ashram Marg to Indraprastha, Aerocity to Indira Gandhi Airport Terminal-1, and Tughlakabad to Kalindi Kunj. These corridors will provide direct connectivity to several important locations in the national capital and improve connectivity for residents travelling between Noida, South Delhi and the airport.

PM Modi will also inaugurate and lay the foundation stone of multiple projects worth ₹15,200 crore under the General Pool Residential Accommodation (GPRA) Redevelopment Plan. Spread across key locations such as Sarojini Nagar, Netaji Nagar, Kasturba Nagar and Sriniwaspuri, these projects are part of the Government's ambitious programme to modernise GPRA colonies and create world-class infrastructure for Government employees and administrative offices. (ANI)

The projects have been redeveloped through an innovative self-sustainable financial model that ensures the redevelopment is carried out without burdening the public exchequer. Under this model, the government is developing and monetising a limited portion of the project area for commercial and residential space to finance the entire project. The revenue generated from it is being used to fund the redevelopment of modern government housing, supporting infrastructure and public facilities.

The redevelopment plan will provide more than 9,350 modern flats for government employees, along with the creation of approximately 48 lakh square feet of office space, which will significantly enhance administrative efficiency while also generating monetisation potential.

- ANI

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Reader Comments

A
Arjun K
₹33,500 crore is a massive investment. While the infrastructure push is welcome, I hope the execution is timely and the quality is maintained. We've seen projects get delayed for years. The self-sustainable model for GPRA redevelopment sounds promising though.
R
Rohit P
Direct connectivity from RK Ashram to Indraprastha? About time! That stretch is a nightmare during office hours. This will decongest the roads significantly. Kudos for focusing on public transport. More metros, less pollution.
S
Sarah B
Handing over keys to female allottees first is a very positive and symbolic gesture. The GPRA redevelopment plan seems well-thought-out, creating modern housing and office space. Hope this sets a standard for urban renewal in other cities too.
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Vikram M
Good projects, but the timing before elections is obvious. We need development all year round, not just in March. Also, what about the maintenance of these new assets? Delhi Metro is great, but the new lines need to be integrated seamlessly.
K
Kavya N
As a resident of Burari, finally seeing our area on the metro map is a dream come true! This will cut my travel time to central Delhi by more than half. Jai Hind! 🇮🇳 The connectivity to Bhajanpura and Yamuna Vihar is much needed.
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