The Delhi Government may soon redevelop the DTC headquarters at IP Estate. This Wednesday, August 13, the DTC Board approved the 206 INR-Crore project. The Delhi State Industrial and Infrastructure Development Corporation (DSIIDC) will carry out the redevelopment work.
The new DTC headquarters will include ground plus 12 floors and 2 basements. These basements will be used for parking and building services. Meanwhile, the total built-up area will span 12,000 SqM. DSIIDC will receive 40% of the built-up area on lease for a period of 30 years. Moreover, officials proposed allocating the 6th to 12th floors to DSIIDC.
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Additionally, the project will follow the PPP mode with minimal government expenditure. It will function as a semi-commercial building after completion. In recent years, DSIIDC completed land acquisition and secured environmental clearance. The agency also rationalised the property tax and submitted a draft MoU. The authorities will now sign a formal MoU to begin the DTC headquarters project. Furthermore, the tenders will be floated after signing the formal MoU.
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