The way ahead: Computerisation

Tuesday, April 19, 2011

The MCD has decided to hand over the parking sites over Khushak and Sunheri canal, built by it before the Commonwealth Games, to the Delhi government for a total annual revenue of Rs 16.8 crore.

The sites, constructed after covering the two nallahs, will be given to the Transport Department, the Municipal Corporation of Delhi said in a press statement.

The total annual revenue payable by the Transport Department to MCD for Kushak Nallah site (on southern side of Jawaharlal Nehru Stadium) and Sunheri Nallah site (from CGO culvert to Lala Lajpat Rai Marg) will Rs 16.82 crore.

"The annual revenue payable in respect of parking site at Kushak Nallah covering an area of 57000 sq m is Rs 9.58 crore.

The revenue payable in respect of Sunhari Nallah covering an area of 43000 sq m is Rs 7.24 crore," it said.

The term of allotment shall be nine years subject to renewal on year to year basis, with an enhancement in the fee, depending in the whole-sale price index. The annual revenue shall be payable by the Transport Department in advance for each year of lease. Initially, the Transport Department will pay to the MCD an annual revenue for the parking sites at the rate of Rs 140.04 per square feet per month.

"The land of the parking sites will remain the property of the MCD and the Transport Department will not claim any right, title, or interest," the civic body said.

MCD has asked the Transport Department to deposit the advance annual revenue of Rs 16.82 crore within 10 days from today to enable it to proceed further for formal allotment of parking sites.

Original news source http://news.in.msn.com/national/article.aspx?cp-documentid=5129107