National Building Construction Corporation Ltd (NBCC) and Delhi Development Authority (DDA) on Wednesday signed an MoU for the first smart sub-city to come up at Karkardooma in East Delhi.
The 30-hectare DDA land will be developed by NBCC as the first transit oriented development (TOD) smart city in Delhi -- ‘East Delhi Hub Project’.
“The sub-city will be pedestrian-friendly, integrated by multiple modes of transport, walk to work concept, reducing the need to travel for daily needs,” an NBCC official said.
The project, to be developed at a cost of around Rs 2,500-3,000 crore, will include 4,800 houses, 80,000 sq m of retail space, a 5 acre park, apart from a laser park and a circular skywalk.