The realistic vision of Delhi Master Plan 2021 is to propagate five more sub cities within the nation’s capital, expected to be bigger than Dwarka, Rohini. To make unleashing of 60,000 hectares plots feasible, the areas in the green belt, unauthorized colonies, and farm houses in south Delhi are likely to be utilized for development or re-improvement.
The availability of housing plots in Delhi is uttermost surrealism in the current scenario, where people are forced to look for the houses across the extended areas like Noida, Gurgaon, and Ghaziabad. According to the new MPD the NCR will turn into NCT, which is National Capital Region and the entire NCT zones will be segregated into 15 zones, furthermore depending on their infrastructural advancement. This new changes will also encourage the private real-estate players and the small land owners to take an active part into the process of restructuring the capital with elevated lifestyle of the people. The total expected requirement of dwelling units for this robust project is 15 lakhs units.
Real estate expert’s opinions and thoughts is the one window to analyze the pillion challenges comes along with the project. They are locking their eyes on two things; one is how long it is going to take for the government to put an ease participating of private players through clearances and level playing fields and what could be the effect on real estate sector if this new project of MPD rationalized the real estate prices of surroundings areas.
This unlocking of new zones in the capital would bring a demand storm among affordable housing sector. The picture of current real estate scenario can be flipped 180 degree and developers can afford to sell R 4,000-5,000 per square feet plots in the Delhi. Keeping these upcoming zones in mind the pro-active notion has already been taken a shape regarding major two road connectivity. The first UER1 commences at NH1 and terminates at NH8. UER2 would be 100 m roads begin on NH1 and passing through NH10, NH8 and goes up to NH2. This spider net of connectivity is expected to be the lifeline of the new NCT.
The cluster blocking policy not only encourages the private players to associate but also making it possible to blend 3000 sq m properties together. To have an impactful offering on private developers and volunteer participant in the rural areas, the FAR has been increased 50% over the existing FAR for these kinds of plots. To make it a win game for both developers, land owners, and the end user this new project is the ultimate projection.
By Priyanka Das, 22 February 2013, New Delhi