Two south Delhi colonies to get 5,000 houses for government staff by 2020

By June 2020, the skyline of Ring Road along Nauroji Nagar and Netaji Nagar in south Delhi will change with the completion of highrise residential and commercial towers on both sides of this busy road. These two colonies will get nearly 5,000 houses to accommodate government employees and commercial hubs, including a huge World Trade Centre well equipped with modern and hi-tech infrastructure. Vice-President M Venkaiah Naidu laid the foundation stone for the World Trade Centre and a dozen commercial towers those will come up in Nauroji Nagar. The government expects to generate about Rs 12,000 crore from this project and another Rs 20,000 crore from sale of commercial space in Sarojini Nagar. This cumulative amount will be used for redevelopment of seven government colonies.

Source : ET Realty