New Delhi, Aug. 8 -- The Delhi Transport Corporation (DTC) has submitted the layout plan for the long-pending redevelopment of its staff housing society in Shadipur to the Delhi Urban Art Commission (DUAC) for approval, officials aware of the matter said, reviving a project that had been stalled for over two years due to bureaucratic delays.

The Shadipur redevelopment is part of DTC's broader land monetisation initiative and is one of two such projects, along with a similar housing society in Hari Nagar, aimed at generating revenue from underutilised land assets. "The layout has been submitted, and approvals are expected soon for Shadipur. Financial approvals that have been long delayed will also come in now," said a DTC official.

The d...