GPRA Colonies Redevelopment Set to Fetch Rs. 52,000 Crore for Government.

The Centre has set an ambitious target to raise around ₹52,000 crore over the next four years through the commercial sale of built-up areas in Sarojini Nagar, as part of the redevelopment of seven General Pool Residential Accommodation (GPRA) colonies in Delhi, along with land parcels of NTPC at Badarpur.

This marks a significant jump from the ₹15,000 crore raised by the Housing and Urban Affairs Ministry (MoHUA) over the past five years through the monetisation of GPRA colonies. The funds will be reinvested in the development and upgradation of GPRA colonies, which the government has identified as a priority due to insufficient housing for employees and the deteriorating condition of existing structures.

Under the National Monetisation Pipeline 2.0, MoHUA plans to sell built-up areas in Delhi, with proceeds strictly earmarked for the redevelopment of urban infrastructure projects. The ministry has classified assets into two categories: Class-1 for ongoing projects and Class-2 for projects under conceptualisation. Class-1 involves monetisation of existing ministry land parcels, while Class-2 focuses on the redevelopment of NTPC land parcels at Badarpur.

The government emphasises that all inflows from these commercial sales will be ring-fenced to fund the identified redevelopment initiatives, ensuring the projects are adequately financed.