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New Moti Bagh
New Moti Bagh is a gated, high security, low density, government built luxury residential colony made for the exclusive use of senior civil servants, Judges, and high ranking politicians. New Moti Bagh occupies an area of 143 acres, in the exclusive New Delhi Municipal Council (NDMC) area of New Delhi. It is located in South Delhi, near the Moti bagh, adjoining Chanakyapuri, one Delhi's most expensive areas, where land rates vary from 10 lakhs to 12 lakhs a square yard. “Living in New Moti Bagh” according to senior Government official is "next best thing to living in a Lutyens bungalow”.〔
To raise funds for construction of New Moti Bagh a three acre parcel of land contiguous to the project was sold to Leela Group, a hotel chain, for Rs 650 crore, or about Rs 216 crores an acre, which works out to about US 35 million dollars an acre at the exchange rate of Rs 62 to a US dollar. At this rate the total land value of the 143 acre New Moti Bagh town ship, called colony in Delhi, at current market rates, works out to about Rupees 31,000 Crores or about 5 billion US Dollars.〔
==History==
Sanction for the project was given by the United Progressive Alliance (UPA) government led by Man Mohan Singh in 2007.〔 Work on the complex started in December of the same year. The project was assigned to the National Buildings Construction Corporation (NBCC), a Government of India undertaking. The work on the project was completed in 2012.〔
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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