March 7, New Delhi – The Government of India is redeveloping 7 aging government housing colonies in Delhi through an innovative, self-financing model that requires no funding from the public treasury.
The project covers areas including Sarojini Nagar, Netaji Nagar, Nauroji Nagar, Kasturba Nagar, Thyagraj Nagar, Sriniwaspuri, and Mohammadpur, spanning approximately 537 acres.
Many of the existing residential units in these colonies had become old and structurally unsafe, with nearly 40% declared uninhabitable. At the same time, the government faced a shortage of over 20,000 homes for Central Government employees.
The redevelopment will replace the old low-rise buildings with modern high-rise residential complexes, providing over 21,000 new apartments along with upgraded infrastructure and public facilities.
On March 8th, Prime Minister Modi will inaugurate 2,722 of these newly built apartments and lay the foundation stone for 6,632 apartments under the General Pool Residential Accommodation (GPRA) Redevelopment Plan in Sarojini Nagar, Netaji Nagar, Kasturba Nagar, and Sriniwaspuri.
What makes the project unique is its self-sustaining financial model.
Instead of using taxpayer funds, the government plans to develop and monetize a small portion of land, approximately 69.41 acres (12.9% of the total project area), for commercial and residential use.
The revenue from this limited land monetization is expected to generate over ₹35,100 crore, which will cover the estimated redevelopment cost of around ₹32,800 crore.
This means the entire project will be completed without burdening the government budget, while also having the potential to generate a surplus of over ₹2,300 crore for the government.
