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Delhi government to involve private developers for slum redevelopment projects

Saturday, 16 Aug 2008
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Delhi government is planning to involve private developers for the Delhi slum redevelopment projects. Several real estate firms, including India's largest real estate developer DLF, Omaxe and Raheja Developers, have already elicited interest in these projects and are waiting for the government's nod.

According to the plan, the developers will be allowed to build houses for slum dwellers and in return get a portion of the total space for development which they can sell at market rates. Delhi has around 900 slum clusters housing almost a fifth of its population and the initiative is to redevelop 30 clusters.

Apart from redevelopment of Karol Bagh and Sarojini Nagar, many other shopping arcades and centres will be remodelled on similar lines. This includes Nehru Place, Rajendra Place, Bhikaji Cama Place, Janakpuri, Laxmi Nagar, Shivaji Place (Raja Garden), Jhandewalan, Netaji Subhash Place (Wazirpur), Saket and Manglam Place (Rohini).

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