Housing and markets on 25 acres near Sanjay Lake

Delhi/NCR
DDA on January 2 announced a project for commercially developing nearly 25 acres around Sanjay Lake at its Lake City Complex. It will be an integrated commercial and housing development complex, which will also focus on rejuvenation on Sanjay Lake, DDA officials said.

The project was announced by DDA vice-chairperson Balvinder Kumar. It will be based on 25 acres of mixed-use land located close to Yamuna. Once the project is completed, visitor can stroll along restaurants, arcades, eateries and food courts facing the lake.

"The commercial development around the lake will keep it well-watched, safe and active at all times," Kumar said. "One component of the project will be a promenade along the boundary of the lake that could be used by peopleto walk or jog. We will also provide access from different points to this promenade," he said.

The whole project will be developed around a new Metro station that is currently being set up. "The station will be centre of development and shopping arcades will be provided at both Metro concourse and at ground level," Kumar added.

This is being done to encourage pedestrians, instead of motorised traffic, around the shopping and walking areas. The most important feature of the project will be a sense of pride and safety the new project will bring to the local community.

"The area where we are planning this development is currently considered to be the backyard of various planned colonies. The project will open the under-utilised but beautiful Sanjay Lake for people, making it a new city tourist destination," said Kumar.

Source:http://content.magicbricks.com/industry-news/delhi-ncr-real-estate-news/housing-and-markets-on-25-acres-near-sanjay-lake/79933.html