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N Corp to commercialise property

Statesman News Service |

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New Delhi, 15 July
Facing financial hardship after the trifurcation of the Municipal Corporation of Delhi, the North Delhi Municipal Corporation has decided to commercialise its property to meet its revenue shortfall.
 The civic body has decided to focus on the five story building in C Block at civic centre initially for this purpose. Thereafter, it will conduct a survey of all the vacant space under its jurisdiction.  The Directorate of Press in North Corporation, Mr Y S Maan, said the North Corporation has decided to use the five story building made at C Block for commercial purposes.  Elaborating on the plan, the Commissioner, Mr PK Gupta, said, "Since the corporation is reeling under financial crisis, it has decided to outsource things or commercialise property. However, it has not been decided whether the work should be on PPP model or something else."
 He added that the five story building has an office set-up, an auditorium, a food court, a conference room, a health club, a business centre and a big vacant space which could be used for other purposes. "The Corporation has first decided to commercialise this and augment its revenue. The licence for the building is ready and is likely to be received in a couple of days," said Mr Gupta. He said the corporation will conduct a survey of all vacant sites and outsource them for garnering revenue.