The Union Cabinet on Thursday approved redevelopment of residential colonies at West Ansari Nagar and Ayur Vigyan Nagar campuses of the All India Institute of Medical Sciences (AIIMS) here.
According to the decision taken at the Cabinet meeting, chaired by Prime Minister Narendra Modi, the National Buildings Construction Corporation Ltd (NBCC) will undertake the exercise to replace the existing housing stock of 1,444 dwelling units of Type I to IV, having Built-up Area (BUA) of approximately 0.87 lakh sqm, with 3,928 dwelling units of Type II to VI with BUA of approximately 4.02 lakh sqm.
"It (NBCC) will also create social infrastructure facilities of approximately 0.65 lakh sqm, including Dharamshala and approximately 0.94 lakh sqm commercial BUA," said an official statement.
The total estimated cost of the project is Rs 4,441 crore, including maintenance and operation costs for 30 years.
"The project shall be implemented on self-financing basis by sale of commercial space on free-hold basis with no cost to the exchequer.
The project will be completed in five years in a phased manner," the statement said.
The present residential accommodations at West Ansari Nagar and Ayur Vigyan Nagar campuses are more than 50-60 years old and have outlived their utility, according to the statement.
Apart from being unsafe to live in, the rapidly deteriorating condition of these old houses entails very high expenditure on their maintenance.
"The existing housing stock in AllMS, New Delhi, demonstrates highly inefficient use of the land. Thus, the Ministry of Health & Family Welfare moved this proposal for re-development of existing old dilapidated housing stocks to augment the housing stock by making optimum utilisation of land resources as per Master Plan Delhi (MPD) - 2021 and using modern construction technology with green building norms and in-house solid/ liquid waste management facilities," the statement said.
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