Potential of new reidential zones in Delhi master plan 2021
Q: The new master plan of Delhi has twice the residential area as it has in present. and all these new residential areas are close to the already established colonies/ zones.The land rates are cheaper than Noida extension, Manesar, Greater Faridabad, Yamuna expressway, etc. What would be the scenario after the 5 or 7 years?
Well Vivek, I will neither say this is a developing location ,suitable for investment, in same time nor I will say development authority has full control of this location, so you can invest here purchase for future construction. Why I am saying because I think it will take 2-3yrs of time to develop this location. Some times you may encounter with plot litigation.
Future of this location is not bad ,not good even. If you are buying plot, you have to wait 4-5yrs. If you are buying to construct your dream house here ,still then you have to wait for 4-5yrs. And one more thing as per sources, it is quite hard to find apartment in this location, only plots & plots are available.
Hi Vivek, As per my knowledge, with a specific end goal to make Delhi a world-class city and to pander to the surplus interest for residential units to accommodate the growing population, Delhi Development Authority (DDA) under the Master Plan Delhi (MPD) 2021 is concentrating on new areas at Zone J, K, L, N & (P-I and P-II) for raising residential projects.
According to the Master Plan, nearly 24 lakh residential units will be expected for an predicted 23 million people by year 2021. On an average, the space required per person would be 40 sq-m, covering about 920 sq-km of city or location for the projected population.
In my perspective, right now, privately owned area is all the more in Delhi which is insufficient to take care of the demand. Thus, it has ended up vital that new zones be opened up. This policy will illuminate the intense lack of area in Delhi and make the capital a world class and economical city.
According to sources, the concern is the time period which these areas may take to develop. In Raipur, where a similar scheme is prevalent, the basic infrastructure is already in place. When it comes to Delhi, social fabric and basic road infrastructure seems to be missing in areas such as Narela, Nagafgarh and Khanjhawala.
Hi Guys, Generally speaking, Delhi has witnessed a huge gap in the demand and supply of housing units. When the MPD was reviewed in 2006, it came to light that only 3.5 lac units are being provided by DDA whereas the need is for 35 lac units. This has forced the people to live in unauthorized colonies which are still of agricultural land status.
Well Mr Kumar, there is not much activity happening there as of now.. and i will also suggest you to wait for the DDA to finalize the land use and other details...
Well Rahul, as much as i know the L-zone which is areas surrounding Najafgarh and Dwarka . DLF,MGF, Express, Anantraj, Antiksh, Supertech builders have got projects in the area, but im not sure about the projects. The area is yet to be fully developed. you can go and check out the area first and i gues sthere are more of farm houses here..
Well its good that the master plan has identified areas that can be developed and taking actions to develop and plan such areas and this is the need of the hour with increasing housing shortage and feasible areas around Delhi should come up.
Hi i am interested in buying Burari P II . Need to know that will this land be buy directly from farmers or from DDA? and how many socities are already there in P-II so far and where can we find the details about P-II zone
I am also searching for farm houses in this area, although my statistics says that other than South Delhi (Chattarupur) are between 1.5-3 cr per acre and in South Delhi these are between 4-10 cr per acre. Not sure but if i get any info i will immidiatly inform you.
i have researched about the price and my statistics says that the land cost is a mere Rs 480 per sq ft in these societies, and the rest of the expenses are construction linked.these land are near the proposed Pragati Maidan and Appu Ghar, so we assume they would be developed the fastest, so it might appreciate very quickly as soon as some financier interest is seen.
It will be very easy for us to reach airport when this aread will be developed, areas like Gurgaon, Noida, Faridabad, etc from these locations would be similar to what other settlements have today. You know either identify land and can approch directly from the farmers, or you can join hands with people who have already identified opportunities. I have also too done the latter and am now part of a group who has started buying land and developing societies in zone P2, about 10-20 km of ISBT (depending upon which side you start buying, the max distance is 20 km to the farthest land). i think they have already bought about 50 acres in total, and we have also chipped in with 2 acres.