The Delhi Metro Rail Corporation (DMRC) is all set to launch its new housing project in May this year. The DMRC is building 2BHK and 3BHK flats in the Delhi’s Janakpuri and Okhla areas and it will cost between Rs 60 lakh and Rs 1.20 crore.
The brochures will be released next month with an application form to book a flat. The DMRC will deliver the project by 2019.
“We have identified two plots near Okhla and Janakpuri (west) metro stations. We will construct 460 flats in Janakpuri and 90 in Okhla. The flats will be allotted on the basis of a draw and people can apply as soon as we open the scheme. The flats will be delivered within two years,” said a senior DMRC official as per a report in HT.
Around 15 per cent of the total flats will be reserved for the economically weaker segment. Notably, this will be the first time that DMRC is constructing flats for general public. So far, it had only built apartments for its staff in Shastri Park, Yamuna Bank and Pushp Vihar.
DMRC is hoping to earn at least Rs 500 crore from the new housing scheme.
“The price of the flats will not be altered. The applicant will need to pay a booking amount and if his/her name does not appear in the final list, the money will be refunded. We will publicise the scheme once the brochure is ready,” he added.
DMRC is also planning to launch a commercial complex in the heart of the city near Jantar Mantar. Here they will rent out space for offices.
