1. Proposed Redevelopment of
DTC Depot-IP Estate, Indraprastha Power Station & Vikas Bhawan

2. Table of Contents Salient Project Features Implementation plan
Present - Proposed Facilities
Financials
Deliverables - Project Benefits

3. Project Features

4. Project Features
Project Sites

5. THERE IS ADMITTED SHORTAGE OF GOVT OFFICE SPACE IN THIS AREA
Project Background
Govt has decided to decommission IP Power Station & has earmarked 15 acres from this to the DTC – but the land with Power Dept as of now.
DTC will continue to have 3 acres of land on the western side of the Ring Road, ie the DTC Depot site, even after the East West Corridor.
Vikas Bhavan complex (with PWD) of 6 acres was developed in 1970s and is worn out from insides.
THERE IS ADMITTED SHORTAGE OF GOVT OFFICE SPACE IN THIS AREA
The concept is to redevelop all these sites in manageable sequence.
Avail the entire FAR.
At no cost to Govt.

6. Project Proposal
Developing an integrated office complex at the existing DTC Depot on the left over land of around 3 acres out of the 6 acres.
Providing office space within the outer envelope of the existing IP Power Plant by making suitable modifications and providing facilities for bus parking in the low lying area used for coal storage for the Power Plant.
Re-developing the Vikas Bhavan land to construct an integrated office complex.

7. Project Parameters
The project to be implemented by DSIIDC on a Self-Sustaining Mode at no cost to the Delhi Government
The facilities and infrastructure development as per norms of MPD 2021
DSIIDC to provide the residual value of Vikas Bhawan Complex to PWD (almost Rs 5 cr).
Residual value 100% of the original cost of the buildings.
The resultant infrastructure will be state of the art and serve the needs of Depts in the immediate foreseeable future.
DSIIDC can generate resources for this project out of long-term/short-term leasing out of the facilities to Governmental and non-Governmental Organizations/ Corporations etc. in accordance with the land use and Master Plan stipulations.

8. Demand for Office Space in Central Business District, Delhi
MCD at the time of construction of Civic Centre assessed demand for office space from Govt. agencies. The following Govt. agencies requested space from MCD which could not be accommodated by MCD:
Ministry of Finance
Central Excise & Customs
Life Insurance Corporation
Ministry of Information Technology
Ministry of Home Affairs
Ministry of Agriculture
Oriental Insurance
Delhi Tourism
Delhi Finance Commission
Public Grievance Commission
As may be seen from the above that there is huge demand for office space and the current project of DSIIDC could cater to a portion of the demand.

9. Implementation Plan

10. Project Implementation Plan
The Power Department to vacate the Power Plant area within a year
A detailed report will be got prepared by DSIIDC for the entire project (in 3 months).
In next 3 months, DSIIDC to finalise agencies for modifying the interiors of the Power Plant that will provide modern office space and develop a semi-basement and open to sky bus parking for almost 600 buses.
The redeveloped power plant complex will accommodate DTC Headquarters, other Govt Corporations and Bus Depot
State of the Art Office Complex to be constructed at the current DTC location
Government Departments currently functioning at Vikas Bhawan to be temporarily accommodated at the redeveloped current DTC depot (or at Metcalf house).
Thereafter redevelopment of Vikas Bhawan Project to be taken up
The entire project to be completed within five years from the date of possession of power plant site.

11. Present vs. Proposed Facilities

12. Present Facilities Site 1:DTC Current Status
Picture showing the entrance to the bus depot
Picture showing the administrative building

13. Proposed Facilities
Site 1
Proposed Facility

14. Present Facilities Site 2:Power Plant Current Status
View of the power station structure

15. Proposed Facilities
Site 2:New DTC HQ & IP Bus Depot
Proposed Facility

16. Present Facilities Site 3:Vikas Bhawan Current Status
View of office buildings at Vikas Bhawan

17. Proposed Facilities
Site 3: Vikas Bhawan 2015
Proposed Facility

18. Project Financials

19. Total Built-up Area- Site 1: Western Side/DTC Complex
Project Financials
Total Built-up Area- Site 1: Western Side/DTC Complex
Total area 3
Acres
12,141
SMT
FSI 2 #
Basement area (double basement – for cars only)
14,000
Total Built Up Area
24,281
Usable area
Area leasable 50 %

20. Total Built-up Area- Site 2: Eastern Side/Power Plant Complex
Project Financials
Total Built-up Area- Site 2: Eastern Side/Power Plant Complex
Total area 15
Acres
60,703
SMT
FSI --
Ground floor area (for car parking)
7,284
Total Built up area (internal modification)
Leasable area
~8,000
Bus parking (semi basement + open to sky)
51,598
~16,000

21. Total Built-up Area- Site 3: Vikas Bhavan
Project Financials
Total Built-up Area- Site 3: Vikas Bhavan
Vikas complex existing Built Up Area
~20,500
SMT
Total area
5.95
Acres
Total area
24,059
SMT
FSI 2 #
Basement area
24,000
SMT
Total Built up area
48,117
SMT
Area to be returned to depts
~20,000
SMT
Area for commercial exploitation
~28,117
SMT

22. Proposed Financial Structure
Project Financials
Cost Assumptions
Particulars
Data
Cost of construction of building structure
INR 25,000 per SMT
Cost of construction of Vikas Bhawan
INR 30,000 per SMT
Cost of construction of basement
INR 18,000 per SMT
Cost of construction of bus depot
INR 20,000 per SMT
Cost escalation
6% p.a.
Cost of making the building structure environmental friendly
6% of construction cost
Construction period
2 years
Contingency
25% of construction cost
Payment to PWD as residual value for Vikas Bhawan
INR 5 crore
Proposed Financial Structure
Particulars
Data
Equity
25%
Debt
75%

23. Project Financials Project Cost Particulars Built up area (SMT)
Cost of Construction (INR / SMT)
Total Cost (In INR Crore)
Site A (Western side)
24,281
25,000
62.52
Site B (Eastern side)
16,000
20,000
32.00
Site C (Vikas Bhawan)
48,117
30,000
181.97
Bus depot
51,598
106.29
Basement
45,284
18,000
81.51
Contingency cost
25%
116.07
Green Building Cost 6%
27.86
Total construction cost
608.22

24. Project Deliverables and Benefits

25. Project Deliverables Deliverables
DTC to get developed bus parking for over 600 buses (covered parking for 300 and open parking for another 300 buses) free of cost, at IP Power Plant site.
DTC to get around 8,000 sq. mtr. of built up office at, DTC IP Depot site free of cost.
DTC to get around 4,000 sq mtr of built up office space at IP Power station site free of cost.
Any increase in the DTC, IP Depot area may be adjusted on pro rata basis between DTC and DSIIDC.
All Deptts at Vikas Bhavan will get modern office with area upto existing usage free (almost 2,00,000 sft)
Remaining area will be leased out to Delhi Govt PSUs, GoI PSUs and other users at Market price.
DSIIDC will maintain the complexes for 30 yrs and charge the users at actuals.
Note: The requirements of the Transport Department/DTC will be accommodated subject to the techno- economic feasibility to be ascertained at the time of completion of Detailed Project Report.

26. Project Benefits Optimal utilization of land / asset Green building
A time bound effort by DSIIDC
Access to state of art commercial office facilities
Construction of bus parking ~ 600 buses
Reduction in pollution levels with decommissioning of the power plant
No financial impact on Govt Deptts

27. Thank You