Money has been tight for the North Delhi Municipal Corporation (NDMC) since its inception in 2012, yet the civic body is sitting on unutilised assets worth crores.
North Delhi Mayor Yogender Chandolia said on Wednesday that some plots, including those in industrial areas, have been identified by the civic body so that they could be sold.
“We have already identified assets worth Rs. 100 crore that we can sell to raise funds as the Delhi Government has not been helping us financially,” said Mr. Chandolia.
The civic body is in the process of determining the exact market value of the plots and has written to the Delhi Development Authority for help too.
North Corporation Commissioner Pravin Kumar Gupta had announced on Tuesday that a committee had been set up to look into possible revenue generation through optimum utilisation of vacant plots and properties.
The Mayor said this was the first time that such a survey was being conducted by the civic body. The Zonal Deputy Commissioners and heads of departments are collecting details of all vacant municipal land that is not needed by the zone or department. These will be submitted to the committee, headed by Additional Commissioner (Revenue), within a week.
The Commissioner said: “The committee will examine the ways in which the unused municipal lands or properties can be utilised by exploring their commercial viability.”
The committee will submit its progress report and recommendations to the Commissioner on a fortnightly basis.
The North Corporation has been unable to meet its running costs, including paying salaries and pensions on time. When this financial year ends on March 31, the civic body’s deficit is expected to be Rs.850 crore, up from Rs.770 crore in FY 2013-2014. Next fiscal, the Commissioner has said the civic body will try to control the deficit at Rs.700 crore.
North Corporation has been unable to meet its running costs, including paying salaries and pensions on time
On March 31, the civic body’s deficit is expected to be Rs.850 crore, up from Rs.770 crore in 2013-2014
