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UT Administration to DMRC Submit proposals for property development

Posted by BrickAcres on May 24, 2016
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THE Chd Admin has asked Delhi Metro Rail Corporation to submit plans
for property development alongside the corridors of Metro Rail project.

The Ministry of Urban Development had recently asked the Chd Administr
-ation how it plans to generate recurring income through property deve
-lopment on the land to be transferred to special purpose vehicle
named as the Greater Chandigarh Transport Corporation (GCTC).

UT Adviser Parimal Rai convened a meeting on Monday to discuss plans
in which representatives of DMRC, governments of Haryana and Punjab
also participated.

Various proposals of revenue generation through commercial activities,
advertisement at stations, renting out of commercial outlets inside
stations, quick service restaurants and increasing floor area ratio
(FAR) along the metro corridors were discussed.

The options of imposing Metro cess, tax on commercial vehicles
entering the city and green cess on registration of new vehicles to
generate funds were also deliberated upon. There are a total of 30
stations proposed on both the corridors, North-South (12.49KM) and
East-West (25.08KM).

Amit Talwar, director transport, said that the issue was discussed
in detail and the DMRC had been asked to prepare a plan, which would
be discussed in a meeting scheduled to be held next week before
sending the final proposal to the ministry.

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