Nagpur Civic Body Signs ₹129 Crore Sokta Bhavan Deal
NAGPUR: The Nagpur Municipal Corporation (NMC) has made a significant stride in augmenting its non-tax revenue by finalizing a ₹129 crore deal for the revitalization of the dilapidated Sokta Bhavan at Gandhibagh into a contemporary commercial complex, which will also include a Citizen Facilitation Centre. This project, undertaken on a design-build-finance-operate-and-sale (DBFOS) basis, stands as one of the highest-value redevelopment contracts for the civic body in recent years, particularly after several unsuccessful attempts to attract bidders. On November 6, the civic administration issued a Letter of Acceptance (LoA) to PrafulVed Infra Ltd, whose lump-sum offer of ₹129 crore was the…