Mixed-use project planned along metro in Andrews Ganj
New Delhi, July 29 -- The Centre is drawing up plans to redevelop a 60-acre parcel of prime land near Ansal Plaza in south Delhi's Andrews Ganj into a high-density mixed-use complex, with the proposal centred on transit-oriented development (TOD) to leverage the upcoming Delhi Metro connectivity in the area, officials aware of the matter said.
The land, originally owned by the Union ministry of housing and urban affairs (MoHUA), was leased to the Housing and Urban Development Corporation (Hudco) for 100 years. Around 66 years remain on the lease.
Hudco - a public sector undertaking, or PSU, under MoHUA - subsequently subleased the property to MS Shoes, but the land became embroiled in litigation after the company defaulted on its financial ...
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