Moneycontrol PRO
HomeNewsBusinessReal EstateCentral Vista Avenue project has achieved 60% physical progress, govt tells Lok Sabha

Central Vista Avenue project has achieved 60% physical progress, govt tells Lok Sabha

The amount incurred so far is Rs 190.76 crore and the estimated cost is Rs 608 crore.

December 02, 2021 / 21:44 IST

Redevelopment of the Central Vista Avenue that stretches from Rashtrapati Bhavan to India Gate and is expected to be completed by December 2021 is 60 percent complete, the Housing and Urban Affairs Ministry informed the Lok Sabha on December 2.

The amount incurred so far is Rs 190.76 crore and the estimated cost is Rs 608 crore, the ministry said.

The new Parliament building project, which is scheduled to be completed by October 2022, has achieved 35 percent of physical progress, Minister of State for Housing and Urban Affairs Kaushal Kishore said in a written reply to a question by Congress MP Manish Tewari.

The estimated cost of the building is Rs 971 crore of which an amount of Rs 340.58 crore has been incurred so far, he said.

The government has planned to hold the 2022 Republic Day parade on the newly developed Rajpath that comes under the Central Vista Avenue Redevelopment Project.

In his written reply to Tewari, Kishore said Rs 1,289 crore has been allocated for the development works of Central Vista in the ongoing financial year.

He also said that mobilisation of resources and site preparation is in progress for the common Central Secretariat Buildings 1,2 and 3. These are estimated to be completed by November 2023. The estimated cost of these buildings is Rs 3,690 crore and Rs 7.85 crore has been incurred so far.

Moneycontrol News
first published: Dec 2, 2021 09:44 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347