NDMC Chairman Keshav Chandra announced the projects in the budget proposals for the financial year 2025-26.

The NDMC owns single-storey vacant flats opposite Prithviraj Market and next to Lok Nayak Bhawan, which were previously occupied by NDMC employees. The chairman explained that the commercialisation project for this complex involves demolishing the entire area and redeveloping the space for offices and shops. He stated that demolition work is expected to begin by March 2025.

An NDMC official provided further details, stating that the complex would be developed similarly to Lok Nayak Bhawan, with at least eight storeys. The ground floor would have retail spaces, while the upper floors would house offices. The total built-up area will be around 1 lakh square feet, with 18-20 per cent allocated for retail and the remainder for offices. The design, feasibility study, and tendering for the project are expected to be completed in this financial year, with work scheduled to begin in the next financial year once the plan is approved in the council meeting. The council is currently focused on the architecture and design of the commercial centre.

Additionally, the official mentioned that the open parking area for Khan Market and Prithviraj Market might be repurposed to develop an underground multi-level parking facility.

Regarding the second project, for a multi-storey commercial complex in front of Akbar Bhawan, the council had earlier invited tenders for the construction of a multi-storey office complex with four basements and ten storeys. However, the tendering process was delayed due to litigation in the Delhi High Court. The official noted that the case has now been resolved, and the detailed estimate is being revised for further processing. Since the initial plan was developed four years ago, the revised plan might result in cost escalations. The official added that they expect to proceed with the tender process for the project within the next six months.