The ₹52,000 Crore Reset: Reimagining Delhi’s GPRA Colonies

The Centre has set a target of mobilising around ₹52,000 crore over the next four years through the commercial sale of built-up areas in Sarojini Nagar as part of the redevelopment of seven General Pool Residential Accommodation (GPRA) colonies in Delhi, along with land parcels owned by NTPC Limited at Badarpur.

The move represents a substantial increase compared to the ₹15,000 crore raised by the Ministry of Housing and Urban Affairs (MoHUA) over the past five years through the monetisation of GPRA colonies. The proceeds will be reinvested in the redevelopment and upgradation of these colonies, which have been prioritised due to a shortage of housing for government employees and the deteriorating condition of existing buildings.

Under the National Monetisation Pipeline 2.0 framework, MoHUA plans to monetise built-up assets in Delhi, with revenues strictly earmarked for urban infrastructure redevelopment. The ministry has categorised assets into two groups: Class-1, covering ongoing projects involving monetisation of existing ministry land parcels, and Class-2, focusing on redevelopment of NTPC land parcels at Badarpur.

The government has emphasised that all inflows from the commercial sales will be ring-fenced to finance the identified redevelopment projects, ensuring adequate funding and timely execution.

News by Rahul Yelligetti.