For all the people who were planning to buy high-end housing units in sought-after locations like Azadpur and Model Town, there is good news for them. The North Corporation has asked the developers to replace the current MCD staff quarters that are apparently in a worn-out condition, with multi-storey buildings.
The concerned civic body has started inviting the bids from different developers by issuing tenders. The deadline for the completion of both the projects is 36 months.
Although the final length of the towers has not been finalized yet, the estimations are that the towers will have 28-30 storeys. The new buildings will also be eligible to have commercial spaces with three ground floors devoted to them, according to the rules of new master plan. Moreover, a basement multilevel parking will also be developed.
The municipal quarters are spread over 90000 square meters and 9200 square meters in Azadpur and Model Town respectively. The development of these projects is likely to provide a revenue flow to the corporation which is going through a financial crisis.
According to the plan, the people currently living in the staff quarters will be given some other accommodation till the time the construction of the towers is completed, therefore, the corporation is hoping not to face any kind of reluctance from them.