India, July 14 -- The Delhi Transport Corporation (DTC) has approved issuing fresh notices to families occupying its staff quarters in West Delhi's Hari Nagar, paving the way for demolishing the existing premises and constructing a high-rise housing complex at the site, officials said.

The development comes more than three years after DTC finalised plans to redevelop the colony, added officials. The project will be executed by NBCC (India) Ltd, and is expected to become one of the corporation's largest real estate developments.

Officials said NBCC has already been awarded the contract for the project and the next stage requires vacating the site before construction can begin. The project was originally estimated to cost around Rs.724 cr...