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

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

Project Features

Project Features Project Sites

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.

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.

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 calculated @ 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.

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.

Implementation Plan

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.

Present vs. Proposed Facilities

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

Proposed Facilities Site 1 Proposed Facility

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

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

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

Proposed Facilities Site 3: Vikas Bhawan 2015 Proposed Facility

Project Financials

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 %

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

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

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%

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

Project Deliverables and Benefits

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.

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

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