South Delhi civic body to allot land to DMRC for phase-IV at no profit no loss

NEW DELHI: South Delhi Municipal Corporation plans to allocate 13,347 sq metres of land in Chhatarpur and Khanpur to Delhi Metro Rail Corporation for construction of Mass Rapid Transit System Phase-IV project from IGI terminal to Saket. The land has been granted at no-profit, no-loss rate of Rs 14,165 per sq metre.

The sites were finalised after joint inspection by officials from SDMC and DMRC early this year. The proposal will be placed before the next house for the final nod.

In Chhatarpur, DMRC will have to pay Rs 1.06 crores for 750 sqm of land allotted on a permanent basis, and around Rs 2.80 crore for 9,917 sqm of land allotted on a temporary basis for 4 years. Similarly in Khanpur, 1,266 sqm of land will cost the DMRC more than Rs 1.79 crore on a permanent allotment, and another 1,414 sqm will be allotted on a temporary basis for 3 years at Rs 30 lakh.

SDMC has also passed a proposal for allocating 18,360 sqm of land at Sarai Kale Khan to the National Capital Region Transport Corporation for the construction of an RRTS station and viaduct.