The Delhi Metro Rail Corporation (DMRC) that is laying metro in the city has now decided to take a plunged into the residential apartment market. Reports have surfaced that after struggling to sell commercial space at metro stations across the city, the authorities have taken this decision.
It is understood that the property will be for sale. “We have identified two plots near the metro stations in Okhla in Janakpuri. In Okhla, we plan to construct 93 flats while 350 will be built in Janakpuri. These flats will be allotted on the basis of a draw of lots for which people can register once we open the process. The project will have 2BHK and 3BHK flats to be delivered within two years,” a senior DMRC official told HT.
According to the report, the flats are likely to cost anything between Rs 80 lakh and Rs 1 crore.
This is not for the first time that the DMRC is getting into this. Earlier, it had constructed residential apartments at Dwarka, Yamuna Bank, Saket and Shastri Park. However, they are only for its employees.
A few weeks ago, the DMRC had held initial trial runs between Kalindi Kunj Depot and Okhla Vihar Metro station of Magenta Line/Line 8.
“The initial trial runs on a 3.5 km long stretch between Kalindi Kunj Depot and Okhla Vihar Metro station of Magenta Line/Line 8 (Janakpuri west to Botanical Garden) have started at a low speed. During these trials, the interface of the Metro train will be checked to ensure that there is no physical infringement with civil infrastructure during the movement of the train on the track and also testing of various subsystems of coaches shall be done,” said DMRC spokesperson.
Three train sets have already been received in the Kalindi Kunj depot.