India, Dec. 1 -- The Delhi Transport Corporation's (DTC) plan to redevelop its residential colonies in Shadipur and Hari Nagar into high-rise gated housing societies has been plunged into uncertainty, as the board decided to re-examine the financial feasibility of the projects, officials aware of the matter said.

Both projects were at an advanced stage of the initial process, with contractors in the process of being finalised. The DTC board decided to review the projects in a meeting last week. Officials did not specify when tenders for the projects will now be issued or when construction might commence.

"The issue has been referred to an empowered committee that will decide on how to go about with the project. The project MoU was signe...