NEW DELHI: North Delhi Municipal Corporation on Friday approved a proposal for constructing a Rs 181-crore multilevel parking project at Bank Street in Karol Bagh to decongest the area. The parking-cum-commercial complex will have space for at least 500 vehicles.
According to the proposal, efforts are being made to provide more planned parking facilities in the area. Though the commissioner gave the in-principle approval in 2019 for utilising the 4,115-sq-metre vacant space, it could not be implemented due to some reasons, it added.
The site will now be developed on a freehold basis as the civic body earlier failed to receive any bid when tenders were invited on a 99-year leasehold basis. “The corporation will get 75% of the parking lot after one year of the completion of the project,” an official said. The proposal has been passed in the standing committee, and will now need the House approval, he added.
Recently, a tender was called again as per improved norms and the new reserve price was kept at Rs 175 crore. “The bidder who gave the highest rate of Rs 181 crore was recommended in the standing committee for final approval. The same contractor is also building the Gandhi Maidan parking project,” said the official.
The civic body has also invited tenders for multilevel parking lots at other off-street sites in the Karol Bagh zone after converting these properties into freehold.
For the Bank Street project, the corporation, on January 4, sealed 45 tehbazari shops around the site on the ground of alleged illegal extension. The official said they were allotted shops on Ajmal Khan Road. But the shopowners questioned the drive when the matter was already in court and claimed to have filed a fresh petition after the sealing. Standing committee chairman Jogi Ram Jain, however, claimed, “We are doing things with the consensus of all.”
AAP opposed the move, alleging that the corporation was selling everything.
