Latest News

 Land Owners to join smaller plots: MPD 2021
By Priyanka Das, 21 February 2013, New Delhi

After reviewing the land laws in Delhi Master Plan 2021, an advisory committee has put his recommendation for permitting the small land owners to blend their property to enjoy the provided facilities of a larger property. As per this new revision of MPD 2021 it is suggested that only two juxtapose lands can be merged which must not exceed the upper limit of 64 square meters. Though it was initially 100 square meters but keeping the lower income category in mind, it has been cut down to 64 and the vertical limit of these buildings is also been restricted up to 17.5 meters. It is expected that this addition of extra height limit of these buildings will serve the purpose of stilt parking within the residence and solve the acute parking problem the capital is facing now.

The local land owners will have the complete authority to modify the layout plan accordingly. Moreover, if the entire plot has been allotted to the political parties by government land housing agencies then 15% of the plot can be utilized as a residential usage. DDA and Urban Development Ministry empowers this law to issue public notices inviting public suggestions and modifications.

 

Plea for liberal norms for schools under MPD2021
By Priyanka Das, 19 February 2013, New Delhi

The revised land norms under the Delhi Master Plan 2021 are proved to be a severe concern for Delhi Education system. This could be the reason of shutting down many unrecognized schools across the capital which does not fit the revised RTE norms. The major highlight is lakhs of children or school goers can be deprived from their basic right of education as per the strict provision of section 18 of Right of education Act 2009; if the norm goes under execution. The Delhi education minister Kiran Walia ardent a request to the central to relook into this policy.

The minister agreed that the RTE norms are introduced to form better infrastructural amenities to the students so that they get a quality education. Though she was agreeable with the purpose of the newly revised land norms but she is also aware of the fact that most of this unrecognized primary and secondary schools across Delhi is comparatively economical. With huge number of demography belongs to poor to lower middle class segment, it calls for a liberal and pragmatic approach to the issue. This includes the recognition of unrecognized and neighborhood schools after considering some relaxation. The education minister and the Union Ministry of Urban Development are already in the process of utilizing the RTE norms to maximize the number of recognized schools in the capital, as they are waiting for an appropriate amendment in order to stop closing down unrecognized schools and safe the many children’s dream of education.

 

DDA land goes Digitised
By Priyanka Das,
9 February 2013, New Delhi

The face of the capital of India today is been drastically changed compare to what it used to be few decades ago, the infrastructural developments, and the social enrichments has helped Delhi to be positioned at global forum.

But when the accountability of this progress comes into the picture it is bit dicey. With the master plan being amended, DDA is going to digitize the land record and collate with Google maps with an eye on the Delhi Master Plan 2021, the development progress of micro sites of land is going to be viewable and accountable.

Activation of this new project of DDA will help to monitor the city’s topographical conditions and enhancement of site-specific development in a more organized way.

As DDA officials confirmed that they are fully equipped with lab facilities and all required resources to execute the satellite imaging project, so they can not only focus on ground reality of infrastructural conditions but also can keep a track on unauthorized construction and provide more land spaces for residential facilities.

DDA to finish Master Plan review by 2013
Dated: 4th Feb 2013
Pranav Sahay

The much awaited Master Plan 2021 review may have been over due by a month but DDA, Delhi’s central planning body hopes to complete it by June-July 2013.

Since each amendment in the Master Plan has to go through a number of procedures like board of inquiry, authority meetings so a delay in finishing the review of the Master Plan was inevitable.

Till now 23 amendments have been finalized and another 21 have been placed before the public. The next meeting for review of the MasterPlan is expected to be held in mid-February as DDA had given the public 90 days to file their feedback.

The amendments that have been finalized stress on group housing and development norms for development of multi-storeyed flats in planned areas. Moreover, residential colonies will now have libraries, recreation hall, reading rooms and society clubs for which the present area of 400 sq. be increased to 1200 sq. free from current floor-area ratio (FAR) restrictions.

To smoothen the process of re-development of local shopping centres and sub-city level markets, a maximum overall floor area ratio of 50% over and above the existing FAR has been allowed. These markets need to be redeveloped to overcome environmental and traffic problems.

Existing commercial centres may also be redeveloped with enhanced FAR depending on payment of appropriate levies.

 

 

The uneven urban growth of Delhi NCR
Source: Hindustan Times
Dated: 2nd Feb 2013

The ‘future readiness’ of a city can be gauged from its past pace of development, and from what it has already achieved in terms of infrastructure. So, how will Delhi NCR fare? Read More….

 

Delhi Master Plan What’s in it for you?
Source: Hindustan Times
Dated: 2nd Feb 2013

Creation of five new sub-cities on the lines of Dwarka and Rohini is envisaged under Master Plan 2021. This is expected to unlock 60,000 hectares for development and redevelopment and create a large supply of housing in all categories — plotted, high-end and mid-end apartments, industrial housing and EWS within the city, Read More…

 

Three Main policies under Master Plan Delhi 2021
Source: Hindustan Times
Dated: 2nd Feb 2013

In November last year, the Delhi Development Authority (DDA) passed the farmhouses/country homes policy. One part of the policy deals with regularising the existing farmhouses. These farmhouses, usually of size 2.5 acre and above. Read More….

 

Unlocking Delhi’s land potential
Source: Hindustan Times
Dated: 2nd Feb 2013

The Master Plan 2021 envisages creation of five new sub-cities within Delhi, bigger than Dwarka and Rohini and with almost 60,000 hectares to be unlocked for development or redevelopment. This includes areas in the green belt, existing unauthorised colonies and various farmhouse developments in south Delhi. Read More..

 

New DDA building to be constructed for archiving land records
Dated: 31st Jan 2013
Pranav Sahay

The Delhi Development Authority plans to undertake digitization of land records in a big way and for this they plan to construct a seven storey building record room at Ghazipur in East Delhi. The idea is to integrate all the records at one place which are now scattered at different places and bring in an element of congruence to the whole process.

Built on an area of 7000 square feet, the building is expected to accommodate five lakh files. It is expected to be an energy efficient ‘green’ building as it will use abundant light and ventilation, thereby saving electric power considerably. Construction is expected to begin shortly as the design of the record room has already has been finalized.

As per the plan finalized by the DDA, the digitization work will be carried out on two floors and the rest four floors will have ‘compactors’ to house the files. Digitization will help users of data to undertake online tracking of files and since backups will be taken on microfilms also, files will be easily accessed for conversion, allotment and other purposes. Physical files from all existing locations will be shifted and treated with chemicals to make them damp and insect proof.

 

Revision in Floor Area Ratio Likely
Pranav Sahay
Dated: 28th Jan 213

Delhi expected to grow vertically in the near future!
Delhi’s central planning body, the Delhi Development Authority is seriously considering a proposal to triple the floor area ratio (FAR) from 200 to 600 in order to cope up with the burgeoning demand for affordable housing in the city. This decision is likely to be taken in view of the housing shortfall that is looming large over the city.

For reasons of simplicity, let us first understand what FAR or Floor Area Ratio actually is. It is the ratio of the total floor area of a building to its plot area. Higher the floor area ratio, higher is the utilization of the land. So, if DDA decides to relax the current FAR from 200 to 600, then most buildings in the capital can increase up to three times in height. This means that an existing building with six floors can rise up vertically up to twenty floors. This will add excess capacity in the housing sector leading to significantly lower prices for prospective home buyers.

As per the current data available, Delhi has a shortfall of nearly 0.49 million homes which might escalate to 2.4 million homes by the end of this decade. A significant chunk of this shortfall, nearly 90% is in the lower income group category. If sources in the Urban Development Ministry are to be believed, nearly 100,000 houses are expected to be built in the Lower Income Group category.

The Ministry is also expected to complete a review of the Delhi Master Plan 2021 by May 2013 in order to keep it in sync with the ever-increasing requirements of the city. Even the Minister for Urban Development, Mr. Kamal Nath has strongly endorsed the vertical growth of the city. But in doing so, he has come under criticism from town planners, architects and other civil society groups who have raised strong objections about the additional strain that this expansion will create on the roads, water, power and sewerage systems of the city.
With the population of Delhi reaching nearly 17 million, property prices have sky-rocketed in the past few years because of which property buyers have to look towards the satellite cities of Noida, Gurgaon, Faridabad and Ghaziabad in search for affordable property options. This upward trend in property prices is expected to come down, once the floor area ratio norms are relaxed.

 

Action in the realty space shifts to Farmhouses
Pranav Sahay

Observers following the realty sector closely indicate that the otherwise dormant, farmhouse space is now witnessing a flurry of action owing to the changing government regulation. Prices in this segment have seen an upward trend of 15 to twenty per cent and if brokers are to be believed, then power of attorney plots are going at 20,000 to 50,000 rupees/sq.yd while plots who have had their registry deeds done are somewhere in the range of 50,000 to 100,000 rupees/sq.yd. The following inferences can be drawn from the recent announcements that have been made by the government.

  • Ever since the government has signified its intent to regularize farmhouses, prices of mini-farmhouses have seen a sudden surge of nearly 15-20% in the short term.
  • The procedure for regularization of farmhouses made after 2007 has been initialized and they will be classified under the category of ‘low density development’.
  • Farmhouses made in less than one acre of land i.e. 4000sq.mt. have been regularized.

Earlier landowners could only make a farmhouse on two and half acres of land but now this criterion has been done away with benefitting nearly 3000 farm house owners. In fact, if brokers are to be believed farmhouses of sizes as small as 1008 sq.yds are easily available for sale provided it is explicitly notified in the registry deed that this land is to be used for agricultural purposes only. Infact, buyers have been on the lookout of farmhouses of even 500 sq.yds also.

Meanwhile construction of palatial dwelling units continues unabated in places like Chatarpur, Satbari, Dera Mandi, Rajokri,Fatehpur,and Alipur. In fact, places like Sainik Farms that have not yet received the green signal from the government in terms of regularization have also seen a flurry in construction activity as do many other farmhouses in South Delhi.

 

Delhi’s surrounding villages to get merged with the main city
Ajay Dabas

If the current proposals doing the rounds in the corridors of power see the light of the day, then, Delhiites are going to see better connectivity in the times to come. Three major highways are being planned in order to improve the connectivity between one end of the city to another.

1) Sanjay Gandhi Transport Nagar to Auchandi Border

2) Ghevra to Sindhu Border

3) Mangolpuri Stone Market to Auchandi Border

Here’s a brief preview of all three Projects:

Sanjay Gandhi Transport Nagar to Auchandi Border: This four lane twenty kilometre highway is expected to cost INR 76.15 crores and will pass through the Delhi Technical University and touch the Auchandi Border. It will help people living in Badli Railway Station, Putha Khera, Bawana, Shahbad Dairy to criss-cross the city easily.

Ghevra to Sindhu Border: This 26.1 km highway is expected to cost nearly 124.15 crores and will join Bavana to NH1 helping people living in Ghevra, Kanjhawala, Bawana, Sindhu Border and Narela.

Mangolpuri Stone Market to Auchandi Border: This 4 lane 24.5km is expected to cost INR 113.83 crores and will connect Outer Ring Road to Auchandi Border helping people living in Mangolpuri, Budh Vihar, Kanjhawala, Tatesar, Punjab Khor, QutabGarh and Mangolpuri immensely.

As per Delhi’s PWD Minister, Mr. Raj Kumar Chauhan, work orders for all three highways have been issued and the work is expected to be completed by December 2013 at an estimated cost of INR 300 crores.

 

 

 

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Soon, outer Delhi may grow vertically
Source: Times of India
Dated: 28th Jan 2013

The skyline in outer Delhi may change in the years ahead if the government approves a plan to let private developers build highrise condominiums and spacious 15-17 storey housing complexes with modern facilities. To ensure that development is uniform and planned, the government is set to finalize rules for “land pooling” which will ensure that there is no indiscriminate building spree.

The government has sought views from private developers to suggest what the minimum project size brackets should be — 50 and 100 acres or less than that — to enable a builder to get approval. The developers say that they have been sitting on nearly 20,000 acres bought from farmers more than a decade ago in Dhichaon Kalan, Chhawla, Baprola and Kangan Hedi among other areas.

The Union urban development ministry recently held a meeting of real estate bodies and Delhi Development Authority (DDA) officials to fast-track the process. “We will soon send our replies on what the land parcels should be. There are two views — while the big players are in favour of 50- and 100-acre norms, small players are pushing to reduce the size. We are consulting everyone so that there is a unanimous view,” said a senior official of a body representing private builders.

Ministry officials said they expected the “land pooling” policy to be approved by April, around the same time the DDA finalizes the development plan for 2021.

High Profile Condominiums/ residential
Highrises of 15-17 floors likely to come up in outer Delhi in a decade. Complexes to have community facilities, schools, shopping complexes

Potential areas for development: outer Delhi villages Dhichaon Kalan, Chhawla, Baprola, Kangan Hedi, Jhatikra, Tajpur; parts of south Delhi close to Gurgaon

Developers claim to have around 20,000 acres with them. Policy nod expected by April

Ministry of urban development has sounded out private developers and sought feedback on the land parcel size for issuing licences

Developers already buying large plots

Restricting licences to 50-acre and 100-acre parcels would ensure that the residential complexes have necessary social infrastructure such as schools, community facilities and local shopping complexes, officials said.

Sources said many major developers have already bought large chunks of lands in outer Delhi around the planned urban extension road connecting NH-8 with NH-10 and NH-1. Property consultants say prices have already shown an upward trend in anticipation of the government allowing multi-storey projects in the area.

The government says that allowing highrise complexes would help calm prices. In case it fails to bring down property prices in Delhi and in its suburbs, the DDA would largely be blamed since the authority failed to finalize the land-pooling policy for more than a decade. The authority did not allow such development since it was the main developer in the capital. It started taking up the policy only after realizing that land acquisition was becoming difficult. The authority had acquired most of the land in south Delhi as late as 1983.

“The move to finalize the land pooling policy is a welcome step though possibly inevitable. The minimum size of the development should be such that it allows community services like small school and shopping facilities to be integrated within the complex. This will give the original land owners the opportunity to sell or become partners in the ventures and they get built-up area,” said Sudhir Vohra, architect and urban planner.

However, small land owners and farmers have a different view. They say that if the ceiling becomes high, only the bigger players who have already amassed land would benefit. “There are still many farmers who have half an acre to 2-3 acres. There should be a single-window clearance system for giving approval to cooperative or group housing by the land owners themselves. Easy loans should be made available. If we don’t have such option, then these landowners will be forced to sell their properties. The best situation is when landowners become developers,” said Delhi Gramin Samaj secretary general Colonel Devender Sehrawat.

 

 

DDA to Triple FAR, City to Go Vertical
Source: Economic Times
Dated: 23rd Jan 2013

Increase in FAR will first be effected in case of housing for the low income groups

Delhi’s planning body may allow houses that are built for the poor and middle-class to go vertical by tripling the floor area ratio (FAR) from 200 to 600, as the city copes with growing housing shortage, government officials said. The officials, who asked not to be named, said the union urban development ministry, which administers Delhi’s civic and urban planning bodies, has asked the Delhi Development Authority (DDA) to increase the FAR, and include the revised figure in the Delhi Master Plan 2021, an updated version of which is likely to be released by March this year.
FAR is the ratio of the total floor area of a building to the plot area. The concept underlying FAR is utilisation of land in the most optimal manner. If the current limit is relaxed, DDA can potentially build high-rise apartments which could reach up to twenty floors in certain locations, as compared to four-to-six floors now.

If FAR is raised, it will be the first step towards Delhi having a taller skyline, similar to its global counterparts, and akin to Mumbai where buildings are getting taller. It could also lead to an increase in the number of new apartments and a drop in home prices.
The increase in FAR will first be effected in case of housing for the economically weaker sections and low income groups, which face a huge shortage of homes in Delhi. It will then be extended to housing for more affluent sections, built by both the public sector as well as private builders. The city currently has a shortage of 0.49 million homes, which could reach 2.4 million by the end of this decade. Of this, close to 90% of the shortage is in the economically weaker section (EWS) and lower income group (LIG) categories.

The ministry of urban development is currently undertaking a review of the Delhi Master Plan 2021, a process which is expected to be completed by May 2013, said a DDA official, asking not to be named.

The review will comprehensively examine the master plan for Delhi and implement all feasible suggestions to make it more robust, he said. One of the key issues being deliberated upon in the review is the issue of increase the FAR.
“We want to increase housing stock in the city,” said the DDA official. In 2013, DDA has planned to begin construction of 100,000 houses in the EWS and LIG categories.
The minister for urban development Kamal Nath has been a vocal proponent of vertical growth of the city and with the process of review nearing its end, this could become a reality soon.
Nath’s drive for vertical growth, though, has come under criticism from town planners, architects, and bodies like the Delhi Urban Arts Commission (DUAC), on the ground that the strain on infrastructure such as roads, water, power and sewerage will go up manifold.
The master plan, once the review is complete, is expected to endorse higher FAR for larger plots in the city as well as for group housing projects of builders.

With Delhi expanding over the years and the population reaching 17 million, property prices have shot up because of which middle class home buyers have been forced to look for homes in new urban areas around the city such as Noida, Gurgaon, Ghaziabad, Faridabad and beyond. The average property prices in Delhi are at least two to three times that in Gurgaon and Noida.
By going vertical, prices of apartments can come down. “With high cost of land, if you have low FAR, the price of a flat will be very high,” he had told ET.

Property prices in many parts of Delhi, especially in the south and central parts of the city, today are comparable to those in cities like New York and London.

http://economictimes.indiatimes.com/markets/real-estate/policy/delhi-development-authority-to-triple-floor-area-ratio-city-to-go-vertical/articleshow/18142190.cms

 

Housing Sector Should Get Infrastructure Status
Priyanka Das

Real estate being beaten by decreasing demand owing to high interest rates and economic slowdown has demanded for infrastructure status for the housing sector in the Budget for 2013-14.
The housing sector deserves to get the infrastructure status, if this is given, the sector will not only elevate the tax benefits but also easier flow of funds, opined The National Real Estate Development Council (Naredco). The housing ministry also has expressed his concern at least the affordable housing sector should get the status.

Naredco made their expectation explicit that this is the desperate time to make the rental housing more appealing to address the issue of shortage of houses nationwide.

According to the council, the deduction from rental income under Section 24(a) of the Income-Tax Act should be increased from 30 percent to 50 percent as this would promote rental housing. The deduction could be 100 per cent for women and senior citizens, keeping social requirements and empowerment of women in view.

Many experts have shared their suggestions and concerns on this demanding situation but Ruchika Bhardwaj of Certes Realty Limited has made her expectation loud and clear that a raise in the income-tax exemption limit to Rs 3 lakh, reduction in excise duty rates to put higher disposable income at the hands of the public, and complete rid of service tax in residential housing sector might encourage more end user’s buying.

The major factor affecting the housing demand is the tight monetary policy of the Reserve Bank of India (RBI), claim realtors. The RBI is not reducing interest rates although there is high pressure from past two years.
Recent report by Cushman and Wakefield states that the residential real estate market has witnessed a fall of 16 percent in 2012. And as per Knight Frank report, builders were doubtful cautious in launching new residential projects in India as the gap between a launch and the absorption numbers dropped to 32,000 units in 2012, compared with 82,000 and 94,000 units in 2010 and 2011, respectively.

“There is an interest subsidy scheme of one per cent on housing loans up to Rs 15 lakh, where the cost of a house does not exceed Rs 25 lakh for another year, has been included in the Budget 2012-13”- shared Ruchika Bhardwaj . The finance ministry had proclaimed measures to address the shortage in low-income housing by allowing ECB (External Commercial Borrowing) for low-cost housing units and setting up of a credit guarantee trust fund in order to control the crisis.

Developers in the National Capital Region are currently expecting more towards ECB, which will carry on in 2013, stated experts.

As of now affordable housing comes under commercial real estate which furthermore restrains four % priority bank loans for the same but this problem can be disappeared once the housing sector gets the infrastructure status, shared housing minister Ajay Maken in his recent interview with Business Standard. And it should not be a high hope for us when he also added “Like for infrastructure projects, a delay of more than 6 months should not be considered as Non-Performing Assets” in the conversation.

 

BIOMETRIC ID MANDATORY FOR PROPERTY REGISTRATION IN DELHI

The revenue department of Delhi has made it mandatory for individuals to provide their Biometric ID, to avail any of the 20 services which they provide, including the registration of property in Delhi.
This comes into effect from the 01st of January 2013.

Besides registration of property, the revenue department provides a host of services including Domicile, SC/ST certificate, registration of marriages etc, and all of which to procure from the department, would need an “AADHAAR” Unique identification. (UID)

In the event that the individual visiting the Sub registrar’s office isn’t carrying an UID card (in case the same hasn’t been issued yet), the individual needs to have an enrollment slip proving that the UID card is on it’s way. The past couple of days have indeed been a shocking experience for those who were not aware of the same, whilst the offices of the revenue department haven’t entertained any registration request, without valid UID proof. It is understood that the other departments would also follow suit, soon.

Delhi’s divisional commissioner Mr. Dharampal when quizzed about how would the system work, since registration under UID isn’t mandatory, replied, “It is true that people need not enroll, but in that case, they will not be able to get the benefit of the services. The idea is to link the services to biometric identity proof. If someone does not want to enroll under Aadhaar then we will consider enrolment under National Population Register, under the Home ministry, which is mandatory for all.” He added that the Deputy commissioners (DC) have been instructed to seek the UID number, OR, the enrollment slip from applicants visiting the revenue offices for registration of property transactions, in Delhi.

“All those who come to the counters for availing any of the 20 services offered by the revenue department from now on will have to bring along their UID numbers or UID enrollment slips. And if the applicants are not enrolled then they will have to get themselves enrolled for the same. Otherwise they will not get the facility,” said the divisional commissioner of Delhi.

As per Ms. Ruchika Bhardwaj of Certes Realty ltd, the two questions which remain unanswered currently are : (1) How about individuals who aren’t from Delhi, but purchasing a property in Delhi, would the UID be mandatory for them too? (b) What would be the mandatory documents in the case of companies purchasing land, whether changes are proposed, if any.

 

Registering property? Biometric ID must
Source: Times of India
Dated: 02nd Jan 2013

New Delhi: If you are looking to register property or your marriage in the capital, biometric identity proof will be mandatory from now. This means, along with the other necessary documentation, an Aadhaar Unique Identification (UID) number or an enrolment slip showing it is on its way will be essential.
The revenue department took the lead, making biometric ID proof mandatory for all 20 of its services — ranging from registration of property to domicile and SC/ ST certificates — from January 1. Other departments are set to follow suit soon. Those enrolled under the ongoing National Population Register of the Union home ministry will be considered too.

The launch in the 11 revenue districts on Monday, however, was fraught with chaos. Applicants clueless about Aadhaar notice. The biometric move was only in the experimental mode so far and most applicants who landed up at the offices of the deputy commissioners on Monday, especially for property-related work, were in for ashock. Several were clueless about the UID enrollment and some who had enrolled earlier were yet to receive their number.

Delhi’s divisional commissioner and revenue secretary Dharampal has issued an order making it mandatory for all deputy commissioners to seek a UID number or enrollment slip from applicants who crowd these offices in large numbers each day. But notices have only just come up and not everyone in Delhi has enrolled for a UID number.

Trying to quell the confusion, Dharampal said to begin with, of the 1.67 crore population, around 1.37 crore are enrolled for a UID and others would be brought into the fold too. “All those who come to the counters for availing any of the 20 services offered by the revenue department from now on will have to bring along their UID numbers or UID enrollment slips. And if the applicants are not enrolled then they will have to get themselves enrolled for the same. Otherwise they will not get the facility,” he said.

Offices of all deputy commissioners have set up centres for Aadhaar enrolment, he pointed out. The east district office, for instance, has set up three more enrollment centres seeing Monday’s rush.

Asked how the move would work, since it isn’t mandatory under the law to enroll for Aadhaar, Dharampal said, “It is true that people need not enroll, but in that case, they will not be able to get the benefit of the services. The idea is to link the services to biometric identity proof. If someone does not want to enroll under Aadhaar then we will consider enrolment under National Population Register which is mandatory for all,” he added.

In the coming months, though, authorities could get stricter. If a UID number is not furnished six months after enrollment, then the benefit of a service may be terminated. “All those cases where the UID enrolment is rejected by UIDAI will not be able to avail the service being sought,” the revenue secretary added.

 

West Delhi to get farmhouses
Source: Economic Times
Dated: 28th Dec 2012

DELHI: Development Authority’s (DDA’s) proposal to allow country homes (farm houses) of one-acre size in the green belt of Delhi – in Zone N (Northwest) and Zone L (Southwest) – has generated excitement among investors of West Delhi.

These zones have recently seen the release of agricultural land. DDA has proposed that the construction of new country homes would be allowed on a minimum of area of one acre as opposed to 2.5 acres earlier. With this policy, DDA aims to organise the farmhouse category by authorising farmhouses. The policy also states: “All existing farmhouses in the proposed urban extension area that had come up prior to February 7, 2007, but accorded after that date by the regulatory authority shall be regularized and re-designated as country homes.”

“There will be a fresh supply of land for country homes in Zone N and L,” informed Ramesh Menon, director, Certes Realty Limited, a bouquet real estate investment advisory and project consolidation organisation. However, it is Zone N that is attracting more investors than any other zone.

“Interest of investors has increased after the announcement of the proposal. There are 10 villages in northwest and 27 in southwest. Price of land starts from Rs 1 crore per acre and goes up to Rs 4 crore to Rs 5 crore per acre. Some villages that are witnessing several land deals, are Raghopur and Ishapur in Nazafgarh (all falling in Zone N),” he added.

On asked why Zone N has become a hotspot of country homes, Menon said that this zone has a lot of opportunities.

“Availability of land is a huge factor in this area. Especially from the investors’ point of view, it is an important area. We have vacated our lands in Zone L because the prices have gone up and it does not make any more sense to invest in Zone L. But in Zone N, prices are still in the range of Rs 1 crore to Rs 1.5 crore per acre, which is very attractive for investors,” he said.

Another factor driving land deals in the area is that in Zone N most of the land is directly bought from farmers, which eliminates many problems.
“Jharoda Kalan, Ishapur and Pakurgarh, which are 4 kms to 7 kms from Najafgarh are upcoming areas for gated farmhouse communities near West Delhi. While Chhawla – another village in the zone is ideal for independent farmhouses,” said Niamh Lambert, business head, Grahprawesh India Pvt Ltd.

“Though people are interested in buying land in South Delhi, most of the time they settle with deals in West Delhi as the pricing is affordable. Jharoda Kalan, Ishapur and Pakurgarh will be hotspots for real estate in future. The infrastructure in these areas is either being developed or is already in place,” she added.

“So, far we have sealed deals for 60 plots of one-acre size. Jharoda Kalan is most sought after as it has a CRPF camp in the neighbourhood,” she further added. Under Master Plan 2021, Delhi would throw almost 60,000 hectares land for development and redevelopment. Out of these 60,000 hectares, more than 25,000 will be unlocked.

 

Mumbai, Delhi, Bangalore slip to bottom of investment destinations list: PwC-ULI
Source: Economic Times
Dated: 11th Dec 2012

Outlook for Indian property markets has turned cautious and cities like Mumbai, Bangalore and Delhi are likely to witness less appetite for real estate investment by international entities, showed a report by PricewaterhouseCoopers and Urban Land Institute.

Mumbai, Bangalore and Delhi have slipped sharply to the 19th, 20th and 21st positions respectively in the list of top 22 investment destinations covered in this report Emerging Trends in Real Estate Asia Pacific 2013. In the previous report of 2012, these cities were placed at 10th, 15th and 12th rank respectively.

The report highlighted Jakarta, Shanghai, Singapore, Sydney and Kuala Lumpur as the top 5 investment destinations for 2013.

The PwC-ULI report is based on 130 individuals’ interviews and survey responses from over 275 executives working for property developers, investors, realty services firms, banks, investment managers, etc.

Mumbai is stressed with over supply across asset classes, resulting in record levels of vacancy and stagnant yields, the report said. While Bangalore realty market is perceived to be a mature market and has demonstrated fairly stable pricing and reasonable absorption trends, the city’s over-reliance on the sluggish global information technology sector translates into low growth potential in the medium term.

The report based on the survey, however, casts a positive light on Delhi and the surrounding National Capital Region in view of the expected master development plans for the region, perhaps indicating a flight of capital from western and southern India to the north in the medium term, the report highlighted.

“While Indian real estate may currently be grappling with certain socio-political and economic issues, particularly rising inflation; uncertainty on fiscal policies; and subdued interest from opportunistic investors, there appears to be light on the horizon,” said Gautam Mehra, Executive Director at PwC India.

According to Mehra, India’s favourable demographics and inherent, latent demand continue to be redeeming factors. Several micro-markets will continue to provide suitable investment opportunities for investors and end-users.

He expects the recent policy decision to allow foreign investment in multi-brand retail can lend a spark to the dormant retail real estate space. The report stated that for Asia Pacific as a whole, steady economic growth, rising incomes, and stable or increasing property values are contributing to an overall sense of optimism. However, the outlook is tempered by growing concerns among investors that prime assets in key real estate markets are becoming overpriced.

http://economictimes.indiatimes.com/markets/real-estate/realty-trends/mumbai-delhi-bangalore-slip-to-bottom-of-investment-destinations-list-pwc-uli/articleshow/17572042.cms

 

DDA readying parking plan for capital
Source: Times of India
Dated: 13th December 2012

NEW DELHI: The Delhi Development Authority (DDA) is preparing a comprehensive parking policy based on travel demand management principles to tackle the parking problem and it will soon be finalized by the special task force (STF) headed by the Delhi chief secretary.

Minister of state for urban development Deepa Dasmunsi, in a written reply to Lok Sabha on Wednesday, also said that DDA has informed the UD ministry that 21 multi-level parking sites have been identified by the local bodies. “In addition to these sites, land owning agencies are required to finalize other sites from time to time,” she said.

On the tent mafia booking DDA grounds, the ministry informed the House that DDA has informed that it has started online booking of its grounds for public from November 7, 2012. “This system intends to ensure transparency in booking of function sites and also to provide opportunity to common man to host functions at affordable cost,” the reply said.

 

DDA approves extension of Lal Dora areas
Source: Financial Express
Dated: 12th December 2012

New Delhi: The Delhi Development Authority (DDA) on Tuesday approved inclusion of extended Lal Dora areas in the Master Plan-2021, under the review process. Extended Lal Dora areas comprise habitation beyond recognised abadi (village boundaries).

“According to the decision taken on Tuesday, extended Lal Dora areas, which came up till 2007, will be given residential status,” non-official DDA member Naseeb Singh said.

The advisory group on review of Master Plan-2021 recommended use of the term ‘extended Lal Dora’ to include Lal Dora areas beyond abadi in the village boundaries.

Lal Dora refers to the part of village land that falls under abadi. The term applies to 362 rural and urban villages and includes areas like Basant Gaon, Munirka, Yusuf Sarai, Mehrauli, Lado Sarai, Shahpur Jat and Mahipalpur.

“Habitation has come up beyond Lal Dora areas, which will now be recognised under the law. The Delhi government will come up with new boundaries and invite suggestions and objections from the Ministry of Urban Development for this amendment,” a DDA official said.

Other Master Plan amendments approved in the meeting, included provision of multi-gym in district and community parks with an area of over one hectare and subject to a maximum built-up area of 225 sqm. Norms for activities like multi-purpose community halls, religious sites, police stations, healthcare centres, milk booths, etc, in unauthorised or regularised colonies have been made flexible. In case a separate plot is not available for each activity, it may be possible to club activities and provide plots.

To reign in tent cartel, the DDA decided to erect semi pucca (temporary) structures with pipes and trusses and perspective allottees can use these by erecting shamiana or pandals for marriages and social functions.

“The DDA intends to construct nine such mandaps in various districts of Delhi. It has been decided that land may be earmarked for the purpose and a detailed policy framed after earmarking sites and working out modalities,” a DDA official said.

 

Delhi govt to ease norms for projects in regularized colonies
Source: Times of India
Dated: 11th December 2012

Chief minister Sheila Dikshit and her team of ministers approved a proposal to ease norms to enable development works in 895 unauthorized colonies declared ‘regularized’ in September.

After the cabinet meeting, the Delhi CM stated that with regularization of 895 colonies, it has become essential to speed up developmental works. “The cabinet decided to enhance the ambit of development works in 895 colonies. Henceforth, the executing agencies would be able to carry out repair works,” she said.

The move came a day ahead of the winter session of the assembly where the main opposition BJP is preparing to take on the state over loopholes in the regularization. Other items on its agenda include deaths at the government-run Sushruta Trauma Centre and the decision to allow foreign direct investment in retail.

Minister-in-charge of urban development and revenue Arvinder Singh Lovely said registry will be opened in 312 of the 895 colonies this month. As per existing norms roads and drains can only be repaired after a stipulated time/completion of their expected life period. But now to woo the residents with the development mantra the cabinet will allow the agencies to take up development works like laying roads and repairs wherever required. The cabinet also decided to allow use of MLA Local Area Development Fund for these works.

4-lane expressway in outer Delhi to link NH 1, 10
Source: Time of India
Dated: 22/10/12

NEW DELHI: Outer Delhi is likely to get a 26.10-km four-lane expressway between Ghevra Mod and Singhu border. The proposed expressway will run parallel to the upcoming KPM expressway and will connect with NH 1 and 10. The proposed road, if cleared, will help decongest traffic flow on G T Karnal-Nangloi road and Bahadurgarh road.

Besides this, the PWD has also proposed to convert a 21-km two-way road into a four-lane expressway from Auchandi border to Mangolpur Kalan. Both the proposals, estimated to be constructed at a cost of Rs 250 crore are likely to be put up before the Delhi cabinet in coming weeks.

The present road from Ghevra to Singhu border is a narrow two-lane road which, despite having access to two national highways, is not a preferred route because of its poor condition. The PWD department has asked the Delhi Technological University to conduct a feasibility and traffic study of the stretch. As per sources, PWD minister Raj Kumar Chauhan has already cleared the file. “We are hoping that the proposal is put before the cabinet on Monday and if cleared, we will start the tender process in coming weeks,” said an officer.

As per the proposal, the 26.10 km expressway will be constructed in four phases. The total cost of this expressway would be around Rs 124 crore. For the second project, PWD sources said a budget of Rs 120 crore has been proposed.

To ensure good quality of work, PWD has decided to give a five-year maintenance contract to the same company which would construct these roads.

 

 

Building plans will be sanctioned in Extended lal dora areas of Delhi

 

 

 

 

 

 

 

 

 

 

Connectivity to metro stations in Zone-N via Metro feeder buses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ground Rules: Govt considers land pooling policy to replace acquisition
Source: Express India.com
Dated: 27th Sep 2012

A new land pooling policy that will encourage active involvement of the private sector is being considered as alternative to land acquisition by the Delhi Development Authority (DDA).

“The National Council of Applied Economic Research (NCAER) was asked to look into the policy to see if it made economic sense. Their report has been submitted and they have suggested certain models for land pooling, which are viable. The report will be tabled at the DDA meeting for approval and will be circulated to different departments for their comments before it is finalised,” an official said.

DDA spokesperson Neemo Dhar confirmed that the policy was being considered. This will ensure involvement of private players in land assembling and development.

Union Urban Development Minister Kamal Nath, too, had said the policy would replace existing large-scale acquisition of land and help make farmers partners in the development process.

Ministry officials said the policy is expected to be finalised in a month. “The NCAER was asked to look into the land pooling policy. Land acquisition is increasingly becoming difficult and this is slowing down development. Price of land will come down only if there is development,” an official said.

In the absence of any clarity on the final policy for acquiring land in the city, work on the new proposed sub-cities under the Delhi Master Plan-2021 has been put on hold.

“These five urbanisable zones are supposed to come up in South, Southwest, North, Northwest and Northeast Delhi. Since land acquisition has been put on hold, we are not taking up work,” a DDA official.

The Master Plan states that five new sub-cities or urbanisable zones were to come up to accommodate at least 10 lakh additional people a decade from now.

The DDA officials said the future of the proposal to build sub-cities, and what shape these would eventually take, would depend on the final policy adopted for acquiring land in the city.

Urban experts said the absence of sub-cities could result in unplanned growth — slums and unauthorised colonies.

Though the Master Plan was notified in February 2007, no major work has been taken up to develop these zones. “Only basic work such as notifying roads and drains has been done,” a DDA official said.

The Master Plan states: “The requirement for urban extension would be 20,000-22,000 hectares within a development timeframe of 15-16 years. The land required for urban extension, will have to be assembled for planned development.”

DDA had developed three sub-cities — Narela, Rohini and Dwarka — in accordance with the previous Master Plan. But work in these areas are still not fully complete.

“DDA had formulated a structure plan for Dwarka which was approved in July 1992. The plan for the sub-city comprises of 29 sectors, of which Sector 1 to 26 are developed,” a DDA official said.

In Rohini, Phase-I and II have been completed, while the development process has started in Phase-III.

But Phase-IV and V are still at the planning stage. “The Phase-III, IV and V comprise Sector-20 to 41,” an official said.

 

4 Lane road proposed between Haryana and Delhi connecting Jhajjar to Dwarka

 

 

 

 

 

 

 

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