Stretch along Gurgaon Metro corridor likely to be developed

Published on Tue, Feb 14, 2012 at 15:32 |  Source : PTI

Updated at Wed, Feb 15, 2012 at 22:11  

Like this story, share it with millions of investors on M3
0
0
Share on Tumblr
New Delhi, Feb 14 (PTI) A seven-km area along the Gurgaon Metro corridor could be soon developed as multi-use complex with residential and commercial units if the proposal by the Urban Development Ministry on transit-oriented development sees light of the day. The Delhi Metro has been asked by the Union Urban Development Ministry to conduct a study along the Metro stretch from Chhattarpur to Arjangarh stations for development of a multi-modal inter-change and street connectivity. The DMRC has begun work on the proposal and awarded the tender to a specialised agency for conceptualising the design for stage-I of the project that could also generate revenue for further expansion of the Metro network. "Transit-oriented development is absolutely essential and Metro is a prime mover of mass transit-oriented development in the country. We need to adapt economical models of developments and the fruits of which should be equally distributed," Urban Development Secretary Sudhir Krishna told a press conference here today. The scope of the study has been confined to 1,500 metres catchment from Delhi Metro stations like Chhattarpur, Sultanpur, Ghitorni and Arjangarh where development of commercial and residential complexes could be considered. Officials said the proposal was floated as part of the efforts to fund further Metro projects and make the transport system viable. The study will be done in four stages and a committee consisting of officials from DMRC, DDA and DUAC has been constituted to monitor the study and guide the agency. (More)

  

Trending News

Business News

Google ChromeOS goes big with Chromebox, new Chromebook
Did Sebi miss any tricks in Ambani consent order? "Did Sebi miss any tricks in Ambani consent order?"

Bharat bandh halts normal life, rail traffic hit

Samir Arora Says On CNBC-TV18 Mkt Not Willing To Ascribe Premium To IT Cos Due To `

The latest earning numbers FIRST on CNBC-TV18
Videos

May 30 2012, 23:16

Clash of Spain and ECB worrying investors: Verstrate

- in FII View

May 30 2012, 11:18

Result corner: Ajay Bodke`s top bets from across sectors

- in MARKET OUTLOOK

Interviews

May 30 2012, 17:04 | Source: CNBC-TV18

Margins may be hit on one-off items in EBITDA: Sun Pharma  

May 30 2012, 16:32 | Source: CNBC-TV18

Essar announces Rs 175cr deal; to pay-off debts with fund  

Subscribe to

Moneycontrol Newsletters

Moneycontrol.com offers you a choice of various sectoral and other newsletters for FREE!