DU set to borrow for infrastructure expansion
Real Estate

DU set to borrow for infrastructure expansion

In addition to receiving approximately Rs 1.20 billion in central funds to implement the economically weaker section (EWS) quota, Delhi University will borrow approximately Rs 9.50 billion from the Higher Education Funding Agency (HEFA) for infrastructural expansion and other assets, including academic blocks in two areas, Roshanpura and Surajmal Vihar, the land for which has long been with DU.

The proposal passed in the building committee has been placed before the executive council meeting. According to the agenda document, “Under the EWS scheme, the university has been allotted Rs 1.20 billion for construction and creation of other infrastructure, whereas the cost of the four projects, as approved by the building committee, is much more than the sanctioned grant; as such it was necessary to prioritise the projects to be taken up under the EWS scheme.”

The finance committee then approved a loan proposal of Rs 10.45 billion from HEFA, and it was sent to the Union education ministry (MoE). The projects related to the EWS grant include the vertical extension of a multistorey science block, computer centre, stack halls at the central reference library and a new girls hostel.

Also Read
Ingka Centre to open city centres at Gurugram & Noida
Ports Minister inaugurates two STPs at Chennai Port


The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

In addition to receiving approximately Rs 1.20 billion in central funds to implement the economically weaker section (EWS) quota, Delhi University will borrow approximately Rs 9.50 billion from the Higher Education Funding Agency (HEFA) for infrastructural expansion and other assets, including academic blocks in two areas, Roshanpura and Surajmal Vihar, the land for which has long been with DU. The proposal passed in the building committee has been placed before the executive council meeting. According to the agenda document, “Under the EWS scheme, the university has been allotted Rs 1.20 billion for construction and creation of other infrastructure, whereas the cost of the four projects, as approved by the building committee, is much more than the sanctioned grant; as such it was necessary to prioritise the projects to be taken up under the EWS scheme.” The finance committee then approved a loan proposal of Rs 10.45 billion from HEFA, and it was sent to the Union education ministry (MoE). The projects related to the EWS grant include the vertical extension of a multistorey science block, computer centre, stack halls at the central reference library and a new girls hostel. Also Read Ingka Centre to open city centres at Gurugram & NoidaPorts Minister inaugurates two STPs at Chennai Port

Next Story
Building Material

Concrete Roof Leaks? Here's Your DIY Guide to Waterproofing and Repair

Monsoon rains in India are a blessing for many, bringing much-needed relief from the scorching summer heat. However, they also bring challenges, especially for homeowners. Concrete roofs are susceptible to leaks, seepage, and dampness, which can cause significant damage if not addressed promptly.The monsoon season in India can be both a boon and a bane. While it replenishes water bodies and nourishes crops, it also poses severe challenges for homes. Constant exposure to heavy rains can lead to:Roof Leaks: Water seeping through cracks and pores in the concrete, leading to dripping ceilings and ..

Next Story
Real Estate

Museum of Memoirs

The Smritivan Earthquake Memorial Museum in Bhuj, Gujarat, has been honoured as one of the world’s seven most beautiful museums globally by UNESCO’s Prix Versailles Award for Architecture and Design. Smritivan (Forest of Memories) is the first museum in India to receive international recognition for its adherence to local culture, environmental conservation and sustainable practices. These annual awards honour exceptional architecture and design on a global scale with categories spanning different sectors such as airports, campuses, passenger stations, sports facilities, museums, emporiums..

Next Story
Infrastructure Urban

CE industry: Need 200,000 operators annually

As India undertakes transformative infrastructure projects, the need for a skilled workforce is more critical than ever. While the construction industry is a major economic contributor, it faces challenges in workforce development, especially with a significant portion operating informally and lacking formal training. CONSTRUCTION WORLD and Equipment India organised a panel discussion featuring industry leaders discussing the urgent need for skilling in the construction equipment sector. Here are some highlights.Growing demand for skilled labourThe construction and engineer..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000