‘‘The approximate project cost will be Rs 15 crore. The front portion of the building will host a food court or a coffee shop while the rear side would be set aside for finance firms. A two-level parking is also proposed,’’ said an official. He added that the first and second floors can be used as office space or can be given out to shopkeepers. MCD is hoping to earn Rs 200 crore from this project.
The civic agency also plans to develop another plot measuring 2.5 acres in E-block, GK-II near the DLF Center. Said an official: ‘‘At present, part of the land is being used for unauthorized parking while the other half has been encroached. We will remove all encroachments from there and fence the area. We are then planning to put the land to commercial use after carrying out a competitive bidding and consulting the chief town planner.’’
Besides these two plots, MCD has identified plots in 11 prime locations, including a 4-acre plot near Jhandewalan temple, 8-acre plot behind Ghazipur village, plot behind Hanuman Mandir near Baba Kharak Singh Marg, recently vacated Idgah slaughterhouse, a park near Raj Niwas, plot near Tis Hazari. A district-cum-commercial centre will also be built at Raja Garden at a cost of Rs 165 crore.
‘‘A survey was conducted to identify vacant plots in the capital. We have found a number of plots that can be commercially exploited. We are now looking into changing their land use,’’ added a senior MCD official.
A detailed proposal has already been made for Novelty Cinema and tenders have been floated for the same. Last year, the civic agency had identified a vacant plot in Greater Kailash-I and it had proposed to construct a mall on it since it is a prime property.