Soon, Outer Delhi may grow vertically
The government says that allowing high rise complexes would help calm prices.
Jan 27, 2013
Source : The Economic Times
 
NEW DELHI: The skyline in outer Delhi may change in the years ahead if the government approves a plan to let private developers build  high rise codomimums, spacious 15-17 story housing complexes with modern facilities. To ensure that development is uniform and planned, the government is set to finalise rules for "land pooling" which would ensure that there is no indiscriminate building spree.

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

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

Ministry officials said they expect the "land pooling" policy to be approved by April, around the same time that the DDA finalizes Delhi's development plan for 2021. Restricting licences to 50 acres and 100 acre parcels would ensure that the residential complexes have necessary social infrastructure such as schools, community facilities, local shopping complexes, officials said.

Sources sad while 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 that prices have already shown an uptrend in Outer Delhi in anticipation of the government allowing multi-story projects in the area.

The government says that allowing high rise complexes would help calm prices. In case the development fails to bring down property prices in Delhi and in its suburbs, DDA would largely be blamed since the authority has 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 national  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.
 

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