Logo
Govt of India
Logo
bg
bg
bg
PMAY
PMAY

 

Cabinet nod for Rs 25,700 crore convention centre at Dwarka

11 Nov 2017

NEW DELHI: The Cabinet on Friday approved Rs 25,703 crore for development of an Exhibition-cum-Convention Centre at Dwarka here to put the national capital in the league of Shanghai, Hong Kong, and Singapore in the area of exhibition market, an official statement said.

The Exhibition-cum-Convention Centre (ECC) and allied infrastructure will be developed in public-private partnership (PPP) and non-PPP mode (including exhibition and convention spaces, arena, trunk-infrastructure, Metro/NHAI connectivity, hotels, office and retail spaces) by 2025.

"Phase-1 of the project comprising trunk infrastructure along with exhibition cum convention centre will be implemented and commissioned by December 2019," said the release issued after the Cabinet meeting.

Phase-2 of the project, comprising the remaining exhibition area, will be implemented by 2025. The components comprising hotels, retail space and offices will be implemented in PPP mode.

It is estimated that the proposed ECC facility, once fully operational, will infuse a demand for more than 100 major international and local exhibition events annually, the release said. The number of persons visiting the exhibition facility annually (paying visitors) is estimated to be more than 10 million in the first phase (2019-20) and 23 million after completion of the second phase (2025).

Project is estimated to generate over five lakh direct and indirect employment opportunities. The job creation will happen in core ECC facilities as well as in supporting ECC land uses like retail, office, and hospitality," it added.

Giving further details, the release said the government will create a Special Purpose Vehicle (SPV) for the implementation and development of the project with 100 per cent equity from the government through the Department of Industrial Policy and Promotion.

The government of India will provide budgetary support of Rs 2,037.39 crore to the SPV as equity over a period of three years to fund trunk infrastructure, a part of the exhibition centre, foyer, convention centre, metro connectivity, NHAI road connectivity, among others.

Conferences and exhibitions are vital links to connect local manufacturers with global buyers and to serve as a platform for an exchange of business ideas.

"India lacks an integrated world-class facility which can meet the requirements of global exhibition-cum convention operators in terms of space, project facilities, transportation linkages at a large scale.

Development of ECC Centre at Dwarka accompanied with supporting components, once fully operational is expected to bring New Delhi in the league of Shanghai, Hong Kong and Singapore in the area of exhibition market," the release said. NKD CS ABM.

Maxworth Aashray

Pareena Laxmi Homes

The Roselia

Signature Global Affordable Housing

Maxworth Aashray

The Roselia

Pareena Laxmi Homes

Zara Rossa Affordable Housing

Lotus Homz Affordable Housing

Signature Global Affordable Housing

Discuss on this Topic

The Roselia

Maxworth Aashray

Zara Rossa Affordable Housing

Signature Global Affordable Housing

Lotus Homz Affordable Housing

Pareena Laxmi Homes

Latest Real Estate News


Final hurdle on Dwarka e-way off, to be ready by March 2018 13 Jan 2017
New Delhi: The Northern Peripheral Road, the 24-km long 8-laned expressway awaiting completion since 2012, seems to be finally on the home stretch Read More
PM Awas Yojana: Realtors hail increase in carpet area for houses; stocks up 17 Nov 2017
The Centre on Thursday approved the enhancement of the carpet area of houses for the middle-income group (MIG) category under the Pradhan Mantri Aw Read More
Cabinet nod for Rs 25,700 crore convention centre at Dwarka 11 Nov 2017
NEW DELHI: The Cabinet on Friday approved Rs 25,703 crore for development of an Exhibition-cum-Convention Centre at Dwarka here to put the national Read More
Get your home custom-made the way you want In Gurgaon. 16 Sep 2017
PAREENA Developers offering an option to get one’s home custom-made the way one desires. Customisation in India is no more restricted to Read More
Create jobs to boost commercial real estate 16 Jul 2017
Realty consultants want the state to do whatever it takes to attract big names in the IT sector as that will create more job opportunities Read More
Realtors must enroll under Madhya Pradesh RERA to get land registered 16 Jul 2017
  The local stamp and registrar office has received fresh instructions to ‘discourage’ property registration by builders and c Read More
Under Real Estate Regulation Rules state cabinet excludes realty projects that are complete 60% 09 Jul 2017
  The state cabinet on Wednesday cleared the long-awaited Real Estate (Regulation and Development) Rules, framed under the Real Estate Reg Read More

Trending News


Gurgaon: Rain spells nightmare for Gurgaon worst visitors jams on thursday 30 Jul 2016
The millennium city witnessed considered one of its worst visitors Gurgaon traffic jams on Thursday as heavy rain coupled with the movement of kanwari Read More
Final lot of Dwarka Expressway oustees to get plots on August 16 14 Aug 2016
Gurgaon: Huda will be conducting the draw of lots on August 16, alloting alternative plots to the oustees of the Dwarka Expressway project who were le Read More
Builders find giving refund on delays tough, look to finish pending projects 10 Sep 2016
NEW DELHI|MUMBAI: Indian courts have been twacking one builder or the other for not delivering homes they promised buyers of late. The Supreme Court h Read More
Vivek Oberoi's firm launches affordable housing project 16 Sep 2016
NEW DELHI: On Thursday, Actor Vivek Oberoi declared the launch of Karrm Infrastructure Pvt. Ltd's. affordable housing project at Shahapur in Maharasht Read More
Pivotal Paradise Affordable Housing Sector 62 Gurgaon: Launching soon... 13 Jul 2016
Pivotal Infrastructure Pvt. Ltd. launch new affordable housing project Pivotal Paradise Golf Course Extension road sector-62 Gurgaon under HUDA Afford Read More
Lanco Infratech's net loss widens to Rs 449 crore in Apri-Jun quarter 12 Sep 2016
NEW DELHI: Lanco Infratech's (LITL) consolidated net loss widened to Rs 448.88 crore during the quarter ended June 30, 2016. The company had posted c Read More
No action on cash deposit after declaring income under IDS 06 Sep 2016
NEW DELHI: The government has said no adverse move will be made by Financial Intelligence Unit or the income-tax department solely on the basis of t Read More

Pareena Laxmi Homes

Zara Rossa

Lotus Homz Affordable Housing

Value Added Services

 

Government Housing Scheme

 

Banking

  • Pradhan Mantri Fasal Bima Yojana (PMFBY)
  • Pradhan Mantri Suraksha Bima Yojana (PMSBY)
  • Pradhan Mantri Sukanya Samriddhi Yojana (PMSSY)
  • Prime Minister Awas Yojana
  • Prime Minister Awas Yojana ( Gramin )
  • Samajwadi Awas Yojana
  • Deen Dayal Jan Awas Yojana
  • Mukhya Mantri Awas Yojna Rajasthan
  • Affordable Housing Policy 2013
  • Smart Cities Mission
  • Pradhan Mantri Jan Dhan Yojana (PMJDY)
  • Vatika Turning Point

Banking Partners

 

HDFC

  • Corporation Bank
  • HDFC
  • IDBI Bank
  • LIC Housing Finance
  • Oriential Bank of Commerce
  • Reliance Home Finance
  • Bank of Baroda
  • SBI Home Loan
  • ICICI Bank Home Loan
  • India Bulls Home Loan
  • Axis Bank
  • PNB Housing Finance