DDA schedules meeting for auction of Rohini warehouse land parcel
The property will be available through an annual licensing fee arrangement of Rs 17.4 crore. While DDA previously auctioned land for warehouses, this initiative represents their first foray into developing a large-scale warehousing complex. With this, DDA intends to establish facilities that will discourage individuals from buying warehouse properties in NCR regions.
The property will be leased for a duration of 33 years, with the licensee bearing responsibility for development, financing, operations, and maintenance of the project as stipulated in the licence deed.
"The meeting has been called to discuss the queries as we are keen to roll out the plan in a time-bound manner," said a DDA official. According to the plan, upon the termination or expiry of the licence period in accordance with the provisions of this deed, the concessionaire will need to transfer the land to the authority.
"The total land will be 23.2 acres, spreading across two plots with Plot-A measuring 10.43 acres and Plot-B measuring 12.73 acres.
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The concessionaire will be given 24 months, starting from the appointed date, to construct the complex," stated DDA's proposal. In procuring various approvals and clearances required for the project to the extent feasible, DDA will provide reasonable support.
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Sharing the site's features, DDA stated that the property is just 5 km away from the already existing industrial complexes and can act as a useful location for a non-industrial warehouse within Delhi.
"Further, the site is about 8-10 km away from major commercial centres, including the Ambience Mall, Kings Mall, Crown Plaza, Metro Walk, D-Mall, Unity One, and City One, which lie in Sector 10 of Rohini and close to the Rithala metro station.
It is surrounded by residential areas with a mix of plotted development, group housing projects, DDA housing complexes, etc.," stated DDA proposal, adding that it is also close to some medical facilities like Maharishi Valmiki Hospital, Devansh Hospital, among others. |
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