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A residential complex housing 4,000 families in Lodhi Road is set to be razed and a Common Secretariat will be built in its stead, reports The Economic Times. The Rs 20,000-crore plan will attempt to bring various central ministries together, according to the report.
The proposal presented by the Central Public Works Department (CPWD) to Urban development Secretary Rajiv Gauba will most likely come up in five years, the report said. It is, however, still pending final approval from the Prime Minister.
Two models have been designed to finance the project – the National Buildings Construction Corporation is involved in one such model, and another model involves funding by a “concessionaire”, the report said.
The CPWD will be providing alternate accommodation to the affected families, however, the government has not yet decided how the old buildings will be put to use once the ministries have vacated, according to the report. There are ongoing consultations on whether the Bhawans should be converted into museums, however, there is no clarity on it yet.
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