The National Buildings Construction Corporation Ltd. (NBCC) and Delhi Development Authority (DDA) have signed an MoU for the first smart sub-city to come up at Karkardooma in East Delhi.
The National Buildings Construction Corporation Ltd. (NBCC) and Delhi Development Authority (DDA) have signed an MoU for the first smart sub-city to come up at Karkardooma in East Delhi.
As per the MoU between NBCC and DDA, the project, which will be spread over an area of 30 hectares, will be completed in phases and the first phase of construction will be completed within a period of 36 months. As per the MOU, NBCC will manage the project and a joint team of VC, DDA and CMD of NBCC will monitor its progress.
The finalization of designs etc will be done by a Committee represented by both the Organisations and experts. NBCC shall be paid project management charges @10 percent of the final project cost (i.e. only the cost of construction and development without including the cost component of land) for coordination, supervision and monitoring of the project as per approved detailed project report.
NBCC with prior written permission of the DDA may undertake marketing of the built-up space at such terms and conditions which may be mutually agreed from time to time.
NBCC in consultation with DDA will finalize disposal methodology, phasing of disposal, period of disposal, rates thereof and other terms and conditions for disposal of the built-up space. NBCC shall be entitled to disposal fee @ one percent of disposal Price of such properties. However, DDA would retain authority for pricing and disposal of the property.
It may be recalled that "East Delhi Hub" at Karkardooma project is the first TOD project which will be taken up and since this will be a unique mix of small size town homes, apartments, studios, residents for senior citizens including commercial, recreational etc. with world class facility etc, it is slated to change and shape the lifestyles of Delhites as there will be more emphasis on quality living with less use of personal transport and more of pedestrian commuting.
Thus "East Delhi Hub" will be the harbinger of the life style of Delhites. DDA vice-chairman Balvinder Kumar and A. K. Mittal, the chairman and MD of NBCC, today briefed the media regarding "East Delhi Hub" at Karkardooma and unveiled the model of the pilot project being developed by DDA.
An MOU with NBCC has already been signed outlining the details of the responsibilities of NBCC and deliverables to DDA. It has been agreed by both parties that the project should be designed in such a manner that it has the advanced technology features.
Also Read: Delhi will have country's first smart city: Venkaiah Naidu
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
)
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
)
){kind=small}
){kind=small}
)
)
)
)
)
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}