cOMPREHENSIVE PROPOSAL FOR RETROFITTING, DEVELOPMENT, MANAGEMENT & MAINTENANCE OF NERU PLACE DISTRICT CENTRE, NEW DELHI - addressing parking, placemaking, multimodal integration, safety, O&M, etc.
3. PROPOSED MASTER PLAN
MLCP + OFFICE +
RETAIL ON GROUND
MLCP + RETAIL ON
GROUND
MLCP + RETAIL ON
GROUND
CONVENTION
CENTRE
HOTEL MLCP + RETAIL
RETAIL + OFFICE +
SERVICE APARTMENTS
RETAIL + OFFICE +
SERVICE APARTMENTS
HOTELBUS TERMINAL +
DEPOT + RETAIL
PLANNING – DESIGN PROPOSAL
4. d
OPERATION & MAINTENANCE MODEL - PPP
Bus Terminal
98 Crores
Multi Level Car
Parking
NMT & pedestrain
Infrastructure
Public spaces and
Social Ammenities
New Commercial
Development
Project Cost 485 Crores
Project IRR
146% 35%
Breakeven
Period 4 yrs(119 Crores)
Equity IRR
Financial
Viability
347% 75%
611 Crores
19%
28%
10 Yrs(617 Crores)
Project Viable
NA
Project Viable Project Viable
Parking & Public Space Management
5. Proposed Way Forward
• Creation of a multi stakeholder platform under the leadership of DDA/ SDMC
• Constitution of a high level committee comprising of key stakeholders in the Nehru Place project
•UTTIPEC
•SDMC
•CPWD
•DTC
•DMRC
•To review and approve recommendations for the area
•Facilitate implementation of the recommended interventions
8. •Planned in 1969,
operational in early 1980s
as a commercial business
district surrounded by
residential areas
•38 Hectares of prime real
estate in the heart of South
Delhi
• Currently a regional
commercial centre served by
two major roads, 2 Metro
lines and 24 bus routes
•Less than 2/3rd developed
portion has 5.8 lakh sq.m.
built commercial development
•Attracts 1,30,000 visitors
and 32,000 vehicles daily
NEHRU PLACE DISTRICT CENTRE
9.
10.
11.
12.
13. NEHRU PLACE – DISTRICT CENTRE
An underperforming and underutilized,
38 hectares of prime public asset
14. Renewal - Regeneration Project: Nehru Place District Centre
Project conceptualised by UTTIPEC
Project initiated: Shakti commissioned technical partners at the request of UTTIPEC
Draft designs developed in consultation with UTTIPEC and the local stakeholders
Designs approved by UTTIPEC
Project discussed with Engineering Member, DDA
Project discussed with Commissioner, SDMC
Project discussion with VC, DDA for guidance on next steps
15. NEHRU PLACE – DISTRICT CENTRE
An underperforming and underutilized,
38 hectares of prime public asset
Parking Planning Management
Key Interventions identified
17. • 9500 ECS (Phase 1 & 2)
• 1000 in 1 MLCP –
5000sqm – 4 floors
• 8500 at grade – 68000
sqm (Stacked)
• 20% of precinct area
Demand in BAU
Scenario (2021)
• 5500 ECS
• 3500 in 4 MLCP –
15000sqm
• 2000 ECS at grade –
48000 sq.m.
• 18% of precinct area
Planned Capacity
(2021) • 12000 ECS
• 10000 in 5 MLCP –
18000sqm
• 2000 at grade – 48000
sqm
• 20% of precinct area
As per Master Plan
Norms (2021)
• 6600 ECS (Phase 1)
• 1000 in 1 MLCP – 5000
sqm – 4 floors
• 5600 at grade – 46000
sq.m.
• 14% of precinct area
PARKING DEMAND vs CAPACITY SCENARIOS
Best Case Supply Scenario
MLCP Vs At-grade to be balanced
Base year Demand
(2013)
18. Current Price
Short Term
(<2 hrs)
At Grade MLCP
20 30
Long Term
(>2 hrs)
40 60
Demand Capacity
87% of
capacity
5000 MLCP,
500 Surface
No. of Visitors Parking space consumed
8% of precinct area
*-As per Transport Department notification
At grade parking
encroaching street
space
Only 30% of MLCP
used
Current Scenario Proposed Scenario
Proposed Price
Short
Term
At Grade MLCP
125* 45
Long
Term
475* 180
What is driving parking demand?
19. PLANNING
Ideally, the area should have access from all directions
Astha Kunj, restricting access from North
Currently majority of access is from the South and the west
38. Multi Level Car
Parking
NMT & pedestrain
Infrastructure
Public spaces and
Social Ammenities
New Commercial
Development
Bus Terminal
474 Crores 30.34 Crores 103 Crores 485 Crores
21% -VE 146% 35%
Breakeven
Period
8 yrs(473.65)
4 yrs(119
Crores)
30%
Financial
Viability Project Viable Unviable
347% 75%
98 Crores
-VE
NA
-VE
Unviable
-VE
NA NA
Project Viable Project Viable
Project Cost
Project IRR
Equity IRR
Terminal
Development
&
Management
Real Estate
Development
&
Management
DTCDDA
MANAGEMENT MODEL BY PPP
39. d
OPERATION & MAINTENANCE
Bus Terminal
98 Crores
Multi Level Car
Parking
NMT & pedestrain
Infrastructure
Public spaces and
Social Ammenities
New Commercial
Development
Project Cost 485 Crores
Project IRR
146% 35%
Breakeven
Period 4 yrs(119
Crores)
Equity IRR
Financial
Viability
347% 75%
611 Crores
19%
28%
10 Yrs(617 Crores)
Project Viable
NA
Project Viable Project Viable
Parking & Public Space Management
40. Proposed Way Forward
• Creation of a multi stakeholder platform under the leadership of DDA
• Constitution of a high level committee comprising of key stakeholders in the Nehru Place
project
•UTTIPEC
•SDMC
•CPWD
•DTC
•DMRC
•To review and approve recommendations for the area
•Facilitate implementation of the recommended interventions