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JNU Eyes Revenue Boost by Monetizing Key Delhi Properties Amid Financial Crunch

Jawaharlal Nehru University (JNU) is exploring revenue generation through a public-private partnership (PPP) model for its Delhi properties to address ongoing financial challenges 

21-08-2024
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Facing a financial crunch, Jawaharlal Nehru University (JNU) is considering monetizing two of its key properties in Delhi under a public-private partnership (PPP) model to generate revenue. The properties in question include the Gomti Guest House located in Mandi House and the university’s property at 35 Feroz Shah Road, both situated in the national capital. The administration is weighing options to either redevelop or lease out these assets.

Sources within the administration revealed that this initiative is part of a broader strategy to address the university’s financial challenges by leveraging its existing resources. By adopting the PPP model, JNU hopes to offset maintenance costs and secure additional revenue. Although the plan is still in its early stages and has yet to be formally submitted to the Union Ministry of Education, discussions are ongoing.

Moreover, JNU intends to ask the Union Ministry of Education to require 12 national institutes, currently located on its campus, to begin paying rent. These institutes have been operating rent-free, and the introduction of rental agreements could provide the university with a stable source of income. Given the constraints on increasing student fees, this new approach is seen as a viable way to secure the financial future of the institution.

Before formally approaching the authorities, JNU plans to conduct thorough evaluations to ensure the proposal's viability. If successful, this initiative could serve as a model for similar financial strategies in the future.

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