New Delhi, March 8 Prime Minister Narendra Modi on Sunday inaugurated and laid the foundation stone for projects worth Rs 15,200 crore under the General Pool Residential Accommodation (GPRA) redevelopment plan.
Accompanied by Union Housing and Urban Affairs Minister Manohar Lal Khattar, the Prime Minister visited GPRA Type-5 quarters in Sarojini Nagar and handed over the keys to female allottees. He also interacted with some women labourers.
These projects, spread across key locations such as Sarojini Nagar, Netaji Nagar, Kasturba Nagar and Sriniwaspuri, are part of the government's ambitious programme to modernize GPRA colonies and create world-class infrastructure for government employees and administrative offices, according to a statement issued on Friday.
The projects have been redeveloped through an innovative, self-sustainable financial model that ensures redevelopment is carried out without burdening the public exchequer.
Under this model, the government is developing and monetizing a limited portion of the project area for commercial and residential space to finance the entire project.
The revenue generated from this is being used to fund the redevelopment of modern government housing, support infrastructure and public facilities.
The redevelopment plan will provide more than 9,350 modern flats for government employees, along with the creation of approximately 48 lakh square feet of office space, which will significantly enhance administrative efficiency, while also generating monetization potential.