PM Modi launches projects worth Rs 15,200 crore in Delhi

Prime Minister Narendra Modi on Sunday inaugurated and laid the foundation stone for projects worth Rs 15,200 crore under the General Pool Residential Accommodation (GPRA) redevelopment plan.

The prime minister, accompanied by Union Housing and Urban Affairs Minister Manohar Lal Khattar, visited GPRA Type-5 quarters in Sarojini Nagar and handed over the keys to female allottees. He also interacted with some women labourers.

The projects are spread across key locations including Sarojini Nagar, Netaji Nagar, Kasturba Nagar and Sriniwaspuri. According to a statement issued on Friday, the developments form part of the government’s programme to modernise GPRA colonies and create infrastructure for government employees and administrative offices.

The projects have been redeveloped through what the government described as an innovative self-sustainable financial model that ensures redevelopment without placing a burden on the public exchequer.

Under this model, the government is developing and monetising a limited portion of the project area for commercial and residential space to finance the entire project.

The revenue generated through this process is being used to fund the redevelopment of modern government housing, as well as support infrastructure and public facilities.

The redevelopment plan will provide more than 9,350 modern flats for government employees. It will also create approximately 48 lakh square feet of office space, which is expected to enhance administrative efficiency while generating monetisation potential.