‘Delhi Metro can use land for property development’

December 13th, 2011 - 8:51 pm ICT by IANS  

New Delhi, Dec 13 (IANS) The Delhi Metro Rail Corporation has the right to use the land acquired for the project for property development also, Minister of State for Urban Development Saugata Roy informed the Lok Sabha Tuesday.

“Three hectares of land were acquired by DMRC under the Land Acquisition Act, 1894 from a private party for Viswavidyalaya Metro Station. Out of this, two hectares have been leased out to M/s Young Builders for residential development,” the minister said in a written reply.

Roy said DMRC had informed the developer to plan his development strictly as per approvals from the Delhi Development Authority (DDA) and other civic authorities.

In another written reply, Roy said DMRC has given some land plots on lease for commercial use to private parties.

“The land pockets were given on lease and concession through open tenders. In cases, where no responses were received to tenders, the leasing was done through negotiation,” Roy said.

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