The New Delhi Municipal Council (NDMC) has unveiled plans to develop two new commercial complexes aimed at enhancing the capital’s infrastructure and generating additional revenue from its vacant land. These complexes will be built opposite Prithviraj Market and at a vacant plot adjacent to Akbar Bhawan in Chanakyapuri, two prime locations in the city.
NDMC chairman Keshav Chandra announced these projects as part of the council’s budget proposals for the financial year 2025-26. The first project, located opposite Prithviraj Market and next to Lok Nayak Bhawan, involves redeveloping an area previously occupied by NDMC employees. The single-storey flats in this area will be demolished, and the space will be redeveloped into a commercial complex with offices and retail spaces. The project will span at least eight storeys, with approximately 1 lakh square feet of built-up area, 18-20% of which will be dedicated to retail, while the remainder will house office spaces. Demolition work is expected to begin in March 2025, with the design and feasibility studies for the project to be completed in the current financial year. Work on-site will begin after the project’s approval in the next council meeting.
The second project involves developing a multi-storey commercial complex at a vacant site in front of Akbar Bhawan. This complex will feature four basements and 10 storeys, with 95,000 square feet of built-up area, following a similar office and retail layout as the Prithviraj Market complex. While the project had been delayed due to litigation in the Delhi High Court, the case has now been resolved, and NDMC is revising the cost estimates. The tender process for this project is expected to be completed within the next six months. In addition to these developments, NDMC is considering utilizing the open parking site for Khan Market and Prithviraj Market for the construction of an underground multi-level parking facility, which would further enhance the area’s commercial infrastructure. These initiatives are part of NDMC’s broader strategy to optimize land use, improve infrastructure, and drive revenue generation in key areas of Delhi. The developments are expected to have a significant impact on the commercial real estate landscape, attracting businesses and offering modern office and retail spaces in some of Delhi’s most sought-after locations.
