DDA-NBCC sign MoU for Lake View project

The DDA also announced its twin projects of transforming Dwarka into a smart sub-city and setting up a first-of-its- kind adventure cycle park in the city.

DDA Vice-Chairman Balvinder Kumar and NBCC Chairman-cum-Managing Director Anoop Kumar Mittal signed <g data-gr-id="43">an MoU</g> paving <g data-gr-id="44">way</g> for the over 10-hectare land to be developed into a residential-cum-commercial complex based on Transit-Oriented-Development (TOD) norms. 

“The 26-acre commercial land will be developed on TOD norms in partnership with NBCC. The site overlooks Sanjay Lake which will also be cleaned and rejuvenated as part of the project. As per our plan, we will start with designing of the Lake View Complex and in the next five-six months, work is expected to start on the ground. Within the next three years, the project is likely to be completed,” the V-C said.

TOD norms encourage development around a transport hub and calls for greater use of public transport system over private vehicles. The complex will have residential, commercial and corporate areas and NBCC will execute the project. The Sanjay Lake will also be adopted and rejuvenated by it. It will have mixed land-use development projects like old-age homes, recreational, sports, residential and commercial facilities, among others, added the V-C.

The complex will be marked out by twin signature towers of 50-60 storeys. Under the project, the Sanjay Lake will also be beautified, rejuvenated by increasing its depth and improving water recharge and cleaning. A unique feature of the project will be the visual integration with the Sanjay Lake. The western periphery of the complex, overlooking the Sanjay park will be developed as a <g data-gr-id="40">lake-front</g> promenade, equipped with walking and cycling tracks as well as plazas, eateries and skywalks, Kumar added.

Besides, the DDA also announced that an adventure cycle park will be set up on 10-hectare of green forested land in Dwarka’s Sector 5, which would be completed in <g data-gr-id="51">18-month</g> period. Terming the ‘Adventure Cycle Park’ as a unique project in the country, Kumar said, the entire land will be developed without cutting any trees. It will have a two-kilometre long mountain terrain for biking for adventure sports lovers. 

The park will also have a cycle studio, where people can create new cycle designs. A cycle museum, cycling boutique, children zone, cycle circuit, cycle cafe would also be part of the project. 

“The land is in the possession of DDA and the work on the ‘Adventure Cycle Park’ is expected to begin in next two months,” he said.