NCD for residential houses is made a new scheme, the proposal will come soon; Financial status of MCD will improve - NCR New Delhi City MCD to redevelop staff quarters to residential buildings

Updated: Sat, 04 Oct 2025 09:14 PM (IST) Delhi Municipal Corporation will break the old houses built in six places to improve its economic condition and build multi -storey buildings. Negotiations with NBCC are in the final stages. By selling these buildings, the corporation expects to earn an income of Rs 20-22 thousand crore, which will help repay debt and raise funds for development works. This scheme will improve the economic condition of the corporation. Jagran correspondent, New -Delhi. The economic conditions of the Delhi Municipal Corporation, with poor economic conditions, will improve the multi -storey buildings. If all goes well, over the next five years, the corporation will not only get the corporation and the debt relief, but the amount equal to the budget will also save with the corporation. Because it is planned to transform MCD employees and officers to six places in residential housing for citizens by redeveloping homes. Although this kind of effort was made in the past, but the end could not be found. The municipal corporation then did not receive an experienced agency, but the MCD died with the National Building Construction Corporation (NBCC). After which the case may soon continue with an agreement between agencies. According to the MCD official, we decided to redevelop six residential complex for our officers and employees. This includes Minto Road, Model Town, Azadpur, as well as employees of the corporation and officers of Dhaka, Osmanpur and Kamalanagar. The accommodation was built 50 years ago. Their condition has deteriorated as a result of the completion of the age. Remove ad, just read the news, the corporation could not get this home in a dilapidated state due to poor economic condition. In such a situation, we decided to turn the soil of this residential premises into a civil residential complex. It will be sold by constructing it with NBCC. With the amount coming from this, the guilt of the corporation will not only end, and the corporation will also save a large amount that will be useful for development projects. An officer, on condition of anonymity, said that we will soon bring the various proposals to the Standing Committee. From where the work will move forward after approval. The official said that there was a conversation with Hudco in the past, but that she could not climb. He also said that since NBCC is an experienced business, these projects are expected to be completed with the end. It is noteworthy that according to the estimates, about eight years ago, 97184 square meters model Town and about five thousand flat hotels, hospitals, clubs and banquet halls in 72145 square meters Azadpur, the corporation can get an income of about Rs 15,000 crore. Experts believe that this estimate can now be achieved to get income of up to 20-22 thousand crores. While the corporation can earn good revenue by developing residential premises on the residence of three more Dhaka, Osmanpur and Kamalanagar. It is noteworthy that the corporation has an annual budget of 17 thousand crore calls, but the biggest challenge before the corporation is its liability. He must pay the seventh payment commission of the employees, gratuity and other payments. Contractors working for the corporation’s development projects must also pay the fees. In such a situation, as these projects rise, the poor economic condition of the corporation will improve. What is the plan to do, the corporation will create a multi -storey residential complex, hospital, Baquant Hall with NBCC on this vacant land. It will be sold by selling it in the private market. Since the corporation does not have money, NBCC will invest money and provide land MCD. The income of this will be divided according to the agreement to be done in the coming time. Benefits of fees and retirement of employees to obligations in August 2025-3,605,87 Payment of contractors -1,213,88 Internal loan-3,353,37 Contractors pay-7,541,11 of the Delhi government’s payment of contractors-51,92 TOTAL -51,92 TOTAL -16.51 (not: Ins.)