new delhi the interstate bus terminal isbt at kashmere gate may see an overhaul in the next few months with delhi governments transport department likely to develop it into a retail and food hub the redevelopment will be part of the state governments gradea retail and food spaces scheme that aims at transforming the city into a focal point of experiential shopping and food while putting to use land at bus depots and terminalswhile delhi government has asked the transport department to identify 10 such terminals and depots where these retail and food centres can be created sources said the transport department might start the project with kashmere gate isbt advt while pointing out that shopping malls and food courts attract huge crowds across the city government officials said the three isbts at kashmere gate anand vihar and sarai kale khan and the 40odd bus depots in the capital were located on premium land and had the potential for commercial successthe gradea retail and food spaces scheme is one of the various projects announced by delhi government in its annual budget characterised as the rozgar budget for targeting the creation of 20 lakh jobs in five years the government has also set aside rs 10 crore in 202223 for this redevelopment which as per estimate may create around 50000 new jobs in the coming five yearsthough the government initially considered anand vihar and sarai kale khan isbts for the project both are currently being redeveloped as multimodal transport hubs and therefore kashmere gate isbt which already has a few shops and kiosks may be taken up in the first phase of the schemebuilt as the citys first interstate bus terminus by delhi development authority in 1976 across 53127 sq metres kashmere gate isbt used to see in precovid days over one lakh passengers passing through it and the movement of more than 1600 buses daily the footfall at this isbt is very high its close connection with a metro station is a big factor said an official since the two other isbts are currently being overhauled the kashmere gate facility is ideal for the development of a retail and food hub the final call will however be taken by the government advt the terminus building underwent a major rs 75crore revamp between 2011 and 2013 and it got many modern amenities by atul mathur tnn published on may 10 2022 at 1200 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etretail app get realtime updates save your favourite articles scan to download app retail