Punj Lloyd is planning to develop a residential complex for the Delhi Police with an estimated cost of Rs 1,300 crore at Dheerpur in the National Capital. The company will construct the said project on public-private partnership (PPP) basis and the project will have over 5,200 residential units, three schools and some commercial space.
The company will also be maintained the project for 25 years. The proposed residential complex will increase the availability of houses for Delhi Police personnel by an additional 7 per cent to 25 per cent.
So far only Delhi Police has approved the layout of the project and clearances from other regulatory bodies like Delhi Urban Art Commission (DUAC), DDA, MCD are yet to be accorded.
Further, the company has secured finances for the project from a 12-member consortium of banks led by State Bank of India.
