Proposed Redevelopment of
DTC Depot-IP Estate, Indraprastha Power Station & Vikas Bhawan
Proposed Redevelopment of DTC Depot-IP Estate,
Indraprastha Power Station and Vikas Bhawan
Table of Contents
Salient Project Features
Implementation plan
Present - Proposed Facilities
Financials
Deliverables - Project Benefits
Proposed Redevelopment of DTC Depot-IP Estate,
Indraprastha Power Station and Vikas Bhawan
Project Features
Proposed Redevelopment of DTC Depot-IP Estate,
Indraprastha Power Station and Vikas Bhawan
Project Features
Project Sites
Proposed Redevelopment of DTC Depot-IP Estate,
Indraprastha Power Station and Vikas Bhawan
Project Background
• Govt has decided to decommission IP Power Station & has earmarked 15
acres from this to the DTC – but the land with Power Dept as of now.
• DTC will continue to have 3 acres of land on the western side of the Ring
Road, ie the DTC Depot site, even after the East West Corridor.
• Vikas Bhavan complex (with PWD) of 6 acres was developed in 1970s and is
worn out from insides.
THERE IS ADMITTED SHORTAGE OF GOVT OFFICE SPACE IN THIS AREA
• The concept is to redevelop all these sites in manageable sequence.
• Avail the entire FAR.
• At no cost to Govt.
Proposed Redevelopment of DTC Depot-IP Estate,
Indraprastha Power Station and Vikas Bhawan
Project Proposal
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Developing an integrated office complex at the existing DTC Depot on the left
over land of around 3 acres out of the 6 acres.
Providing office space within the outer envelope of the existing IP Power Plant by
making suitable modifications and providing facilities for bus parking in the low
lying area used for coal storage for the Power Plant.
Re-developing the Vikas Bhavan land to construct an integrated office complex.
Proposed Redevelopment of DTC Depot-IP Estate,
Indraprastha Power Station and Vikas Bhawan
Project Parameters
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The project to be implemented by DSIIDC on a Self-Sustaining Mode at no cost to
the Delhi Government
The facilities and infrastructure development as per norms of MPD 2021
DSIIDC to provide the residual value of Vikas Bhawan Complex to PWD (almost
Rs 5 cr).
Residual value calculated @ 100% of the original cost of the buildings.
The resultant infrastructure will be state of the art and serve the needs of Depts in
the immediate foreseeable future.
DSIIDC can generate resources for this project out of long-term/short-term
leasing out of the facilities to Governmental and non-Governmental
Organizations/ Corporations etc. in accordance with the land use and Master Plan
stipulations.
Proposed Redevelopment of DTC Depot-IP Estate,
Indraprastha Power Station and Vikas Bhawan
Demand for Office Space in Central
Business District, Delhi
• MCD at the time of construction of Civic Centre assessed demand for office space
from Govt. agencies. The following Govt. agencies requested space from MCD which
could not be accommodated by MCD:
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Ministry of Finance
Central Excise & Customs
Life Insurance Corporation
Ministry of Information Technology
Ministry of Home Affairs
Ministry of Agriculture
Oriental Insurance
Delhi Tourism
Delhi Finance Commission
Public Grievance Commission
• As may be seen from the above that there is huge demand for office space
and the current project of DSIIDC could cater to a portion of the demand.
Proposed Redevelopment of DTC Depot-IP Estate,
Indraprastha Power Station and Vikas Bhawan
Implementation Plan
Proposed Redevelopment of DTC Depot-IP Estate,
Indraprastha Power Station and Vikas Bhawan
Project Implementation Plan
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The Power Department to vacate the Power Plant area within a year
A detailed report will be got prepared by DSIIDC for the entire project (in 3
months).
In next 3 months, DSIIDC to finalise agencies for modifying the interiors of the
Power Plant that will provide modern office space and develop a semi-basement
and open to sky bus parking for almost 600 buses.
The redeveloped power plant complex will accommodate DTC Headquarters,
other Govt Corporations and Bus Depot
State of the Art Office Complex to be constructed at the current DTC location
Government Departments currently functioning at Vikas Bhawan to be
temporarily accommodated at the redeveloped current DTC depot (or at Metcalf
house).
Thereafter redevelopment of Vikas Bhawan Project to be taken up
The entire project to be completed within five years from the date of possession
of power plant site.
Proposed Redevelopment of DTC Depot-IP Estate,
Indraprastha Power Station and Vikas Bhawan
Present vs. Proposed Facilities
Proposed Redevelopment of DTC Depot-IP Estate,
Indraprastha Power Station and Vikas Bhawan
Present Facilities
Site 1:DTC
Current
Status
Picture showing the entrance
to the bus depot
Picture showing the
administrative building
Proposed Redevelopment of DTC Depot-IP Estate,
Indraprastha Power Station and Vikas Bhawan
Proposed Facilities
Site 1
Proposed
Facility
Proposed Redevelopment of DTC Depot-IP Estate,
Indraprastha Power Station and Vikas Bhawan
Present Facilities
Site 2:Power
Plant
Current
Status
View of the power
station structure
Proposed Redevelopment of DTC Depot-IP Estate,
Indraprastha Power Station and Vikas Bhawan
Proposed Facilities
Site 2:New
DTC HQ &
IP Bus
Depot
Proposed
Facility
Proposed Redevelopment of DTC Depot-IP Estate,
Indraprastha Power Station and Vikas Bhawan
Present Facilities
Site 3:Vikas
Bhawan
Current
Status
View of office buildings
at Vikas Bhawan
Proposed Redevelopment of DTC Depot-IP Estate,
Indraprastha Power Station and Vikas Bhawan
Proposed Facilities
Site 3: Vikas
Bhawan 2015
Proposed
Facility
Proposed Redevelopment of DTC Depot-IP Estate,
Indraprastha Power Station and Vikas Bhawan
Project Financials
Proposed Redevelopment of DTC Depot-IP Estate,
Indraprastha Power Station and Vikas Bhawan
Project Financials
Total Built-up Area- Site 1: Western Side/DTC Complex
Total area
Total area
FSI
Basement area (double basement – for cars only)
Total Built Up Area
Usable area
Area leasable
Area leasable
Proposed Redevelopment of DTC Depot-IP Estate,
Indraprastha Power Station and Vikas Bhawan
3 Acres
12,141 SMT
2 #
14,000 SMT
24,281 SMT
24,281 SMT
50 %
12,141 SMT
Project Financials
Total Built-up Area- Site 2: Eastern Side/Power Plant Complex
Total area
Total area
FSI
Ground floor area (for car parking)
Total Built up area (internal modification)
Leasable area
Bus parking (semi basement + open to sky)
Proposed Redevelopment of DTC Depot-IP Estate,
Indraprastha Power Station and Vikas Bhawan
15 Acres
60,703 SMT
-7,284 SMT
~16,000 SMT
~8,000 SMT
51,598 SMT
Project Financials
Total Built-up Area- Site 3: Vikas Bhavan
Vikas complex existing Built Up Area
~20,500 SMT
Total area
Total area
FSI
Basement area
Total Built up area
Area to be returned to depts
Area for commercial exploitation
5.95
24,059
2
24,000
48,117
~20,000
~28,117
Proposed Redevelopment of DTC Depot-IP Estate,
Indraprastha Power Station and Vikas Bhawan
Acres
SMT
#
SMT
SMT
SMT
SMT
Project Financials
Cost Assumptions
Particulars
Cost of construction of building structure
Cost of construction of Vikas Bhawan
Cost of construction of basement
Cost of construction of bus depot
Cost escalation
Cost of making the building structure environmental
friendly
Construction period
Contingency
Payment to PWD as residual value for Vikas Bhawan
Data
INR 25,000 per SMT
INR 30,000 per SMT
INR 18,000 per SMT
INR 20,000 per SMT
6% p.a.
6% of construction cost
2 years
25% of construction cost
INR 5 crore
Proposed Financial Structure
Particulars
Data
Equity
Debt
25%
75%
Proposed Redevelopment of DTC Depot-IP Estate,
Indraprastha Power Station and Vikas Bhawan
Project Financials
Project Cost
Particulars
Built up area
(SMT)
Site A (Western side)
Site B (Eastern side)
Site C (Vikas Bhawan)
Bus depot
Basement
Contingency cost
Green Building Cost
Total construction cost
24,281
16,000
48,117
51,598
45,284
Proposed Redevelopment of DTC Depot-IP Estate,
Indraprastha Power Station and Vikas Bhawan
Cost of
Construction
(INR / SMT)
25,000
20,000
30,000
20,000
18,000
25%
6%
Total Cost (In
INR Crore)
62.52
32.00
181.97
106.29
81.51
116.07
27.86
608.22
Project Deliverables and Benefits
Proposed Redevelopment of DTC Depot-IP Estate,
Indraprastha Power Station and Vikas Bhawan
Project Deliverables
Deliverables
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DTC to get developed bus parking for over 600 buses (covered parking for
300 and open parking for another 300 buses) free of cost, at IP Power Plant
site.
DTC to get around 8,000 sq. mtr. of built up office at, DTC IP Depot site
free of cost.
DTC to get around 4,000 sq mtr of built up office space at IP Power station
site free of cost.
Any increase in the DTC, IP Depot area may be adjusted on pro rata basis
between DTC and DSIIDC.
All Deptts at Vikas Bhavan will get modern office with area upto existing usage
free (almost 2,00,000 sft)
Remaining area will be leased out to Delhi Govt PSUs, GoI PSUs and other
users at Market price.
DSIIDC will maintain the complexes for 30 yrs and charge the users at actuals.
Note: The requirements of the Transport Department/DTC will be accommodated subject to the technoeconomic feasibility to be ascertained at the time of completion of Detailed Project Report.
Proposed Redevelopment of DTC Depot-IP Estate,
Indraprastha Power Station and Vikas Bhawan
Project Benefits
Optimal utilization of land / asset
Green building
A time bound effort by DSIIDC
Access to state of art commercial office facilities
Construction of bus parking ~ 600 buses
Reduction in pollution levels with decommissioning of the power plant
No financial impact on Govt Deptts
Proposed Redevelopment of DTC Depot-IP Estate,
Indraprastha Power Station and Vikas Bhawan
Thank You
Proposed Redevelopment of DTC Depot-IP Estate,
Indraprastha Power Station and Vikas Bhawan