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The Centre is planning to mobilise around INR 52,000 crore over the next four years by monetising and redeveloping key land parcels in Delhi, including General Pool Residential Accommodation (GPRA) colonies and land at Badarpur earlier held by NTPC. A large share is expected from commercial use of built-up space in Sarojini Nagar and other redeveloped government housing clusters. This target is substantially higher than the nearly INR 15,000 crore raised over the past five years, reflecting a stronger push under the next phase of the national asset monetisation programme.
The central government has set a target to raise nearly INR 52,000 crore over the next four years through redevelopment-linked monetisation of government land assets in Delhi. The plan covers commercial utilisation of built-up space in Sarojini Nagar, redevelopment of seven General Pool Residential Accommodation (GPRA) colonies, and land parcels at Badarpur that were earlier under NTPC. Advertisement
Officials indicated that this projected revenue is more than three times the approximately INR 15,000 crore mobilised over the past five years from similar redevelopment exercises undertaken by the Ministry of Housing and Urban Affairs (MoHUA). The renewed target forms part of the second phase of the National Monetisation Pipeline, which focuses on unlocking value from underutilised public assets without outright sale of core land holdings.
Under the strategy, the government will monetise commercially viable built-up areas created as part of redevelopment projects. In locations such as Sarojini Nagar, old low-rise government quarters have been replaced with higher-density housing blocks along with commercial components. The sale or lease of these commercial spaces is expected to generate a significant portion of the planned revenue.
The seven GPRA colonies identified under the programme include ageing residential complexes that were constructed several decades ago and no longer meet present housing standards. Their redevelopment aims to increase the housing stock for central government employees while also creating surplus built-up space that can be monetised. Funds raised from these projects are to be ring-fenced and used only for redevelopment and urban infrastructure upgrades.
Land at Badarpur, earlier associated with NTPC's power plant operations, has also been included in the monetisation roadmap. With the power plant no longer operational, the land parcel is being considered for planned development, and its monetisation is expected to contribute meaningfully to the INR 52,000 crore target.
MoHUA has broadly divided the assets into two categories projects where redevelopment is already underway and built-up space can be monetised in phases, and projects that are still at the planning or conceptual stage. This phased approach is intended to ensure steady revenue flow over the four-year period rather than a one-time inflow.
Over the past decade, redevelopment of GPRA colonies has been a recurring policy focus due to shortages in government housing and the deteriorating condition of several residential blocks. Earlier projects in Netaji Nagar, Nauroji Nagar and Sarojini Nagar had faced delays linked to clearances, cost escalations and market conditions. The new target suggests a more structured attempt to align redevelopment with monetisation timelines.
The government has maintained that proceeds from these transactions will not be diverted for general expenditure but will be reinvested into housing modernisation and related infrastructure works in the capital.
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