Investing in Delhi L zone

Q: Which is the p2 zone that is being talked about and do you think that investing here is wise..?

Javed, Chennai

3rd June 2014

Investment Advice in Delhi

master plan

delhi development authority

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Replies (7)

Hello Diptanu,

I am R K Mathur and I am looking for investing on a project in L Zone area in New Delhi. I have gone through the documents from DDA and various other builders in regards to L Zone and land pooling. Though DDA and urban ministry through their plans and documents are ready to accommodate a huge population by 2021, however, I do not see much action going on and feel dicey.
I read your previous comments and advises and according to me you are the most genuine consultant in regards to this area of investment. Can you please tell me if it is going to be a profitable venture? Also the bsp over there ranges from Rs.3200 - Rs.5000, both of them say are best but do not have any sample to see. How can I be sure which one is the best? Waiting eagerly for your response.

Thanks
R K Mathur

R K Mathur, Gurgaon

2nd December 2015

Comment

Zone P-II is encoded form the DDA new dwellings hub provisioned under Delhi Master Plan 2021 spread in 8194 hectares of land located in the northern section of Delhi. The zone is allocated into 13 sectors and has already been adopted and by Government India as well DDA under sub section (2) of Chapter 9 notified under Delhi Development Act 1957 vide Notification No. F.4 (4) 2008 / MP / Pt. IV A / P / Part Dated August 2, 2010. Compare the housing property before buying. www.comparecasa.com best website in real estate industry, you can also compare the property before investing.

Aakash, Delhi

29th September 2015

Comment

Hey Aakash,
As per my knowledge, as a stage towards encouraging the developing need of housing in Delhi, the Delhi Development Authority (DDA) is dealing with the Master Plan of L Zone. L Zone is required to provide a stimulus to the moderate and stagnant real estate business sector of the national capital.

david.m,

6th October 2015

As per development plan, the authority has isolated Delhi into 15 zones wherein "L" Zone is the biggest and brags Najafgarh as the main evaluation town in the zone. At present the zones are open for purchasing plot, wherein the private builders as well as housing societies are approaching with their investment ideas.

bashir,

6th October 2015

Guys,
There are two types of purchasers in this L zone - land purchasers and home purchasers. The plot owner must go through the land pooling policy in subtle element and purchase arrive that falls under the residential zone. The home purchasers, who are interested in the real estate market here ought to verify that the builder has all the essential approvals from respective authority.

Yachnna, Ghaziabad

6th October 2015

Maybe it's correct time to invest into L Zone under the DDA Master plan 2021, yet the purchaser ought to remember that it may require some time for the real utilization of the plans on ground by the authority. Therefore, suppose you are investing at this time then you have to sit tight for a few years for the investment to grow.

V. Victor,

7th October 2015

Thanks for sharing, It is a good website for housing property comparing. Compare casa fixed mine all doubts about property. In the real estate industry required this kind of website.

yogesh kumar, Delhi

8th October 2015

As the L Zone is in the early phases of planning, you may have the capacity to get the advantage of a first-comer, however there are a couple of things that one needs to consider. A home purchaser must realize that the land pooling policy has quite recently been advised and not yet operational though. So, it may consume some time for the builders to get plot from DDA for further development.

Vashi K, Gurgaon

8th October 2015

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Shoraya Goyanka, Delhi

10th October 2015

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Abir Gupta, Delhi

13th October 2015

Hi Abir,
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Ananya,

16th October 2015

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Ananya,

16th October 2015

What is the development status here?? are the basic social infrastructure developed?

Akash Kanojia, Delhi

3rd June 2014

Comment

Well as of now the DDA has demarketed the area and there are no developmental activities yet… the Government in another 2-3 years time will be developing the area with propers roads, sewage, lighting, electricity and water connection and after that the builders appointed by the societies will start construction. so the area will take time to develop say in the time frame of 7 years and more.

Imran Khan, Ghaziabad

3rd June 2014

Hmm… Will there be banks that will fund for project here and can you name a few societies here?

Akash Kanojia, Delhi

3rd June 2014

Comment

Once the land is transferred in the society name and the building plans are approved by the DDA, there will not be much problem in getting loans from banks.

I have heard of Revanta Welfare society and Land connect welfare society here and they have come up with some projects in the area. but i will advise that you do proper check of the documents preferably with a legal expert so that you are not cheated.

Govinda,

3rd June 2014

Well do you think it is safe to invest here?? are any good or reputed builder coming here?

Akash Kanojia, Delhi

3rd June 2014

Comment

Well akash , this is a designated high rise residential zone and the DDA has allowed for welfare Society rather than CGHS here..

CGHS has a lot of problems and cases of genuine buyers being cheated and so the houses are being build by the residential welfare societies which is a bit more safe. I am not aware of big names coming here as of now but we can expect them to come up in future...

In residential welfare society the society has to be first registered and the members are required to pay the amount upfront so that the society can purchase land… the building plans etc has to then be submitted to DDA for approvals after which the construction happens. This is safer as only genuine builders and residents will put in huge amounts and initiate the process and moreover any wrong doing can lead to criminal case

Imran Khan, Ghaziabad

3rd June 2014

Well as far as reputed builders are concerned they will come in only after the society is formed and then the society members have the authority to appoint a builder. At that point of time if they choose reputed developers then only they will be able to come in...

Govinda,

3rd June 2014

Where exactly is the P2 zone and what are the advantages of the area?

Akash Kanojia, Delhi

3rd June 2014

Comment

P2 zone is located on the eastern side of NH1 and is about 40% bigger than dwarka area. The area consists of 8534 hectares of land with 13 sectors and each sector has different land use categories.

The area is near the Yamuna river and has a good ground water level and will serve at least 20 l families in the future.

Good connectivity through the roadways and has proximity to not just NH1 but also NH-10 (Rohtak Road) and NH-8 intersecting at Narela, Rohini and Dwarka.

Govinda,

3rd June 2014

The main advantage is that this area lies within Delhi unlike the NCR areas and is very close by… there are a lot of developmental activities planned here… beyond Burari and before Delhi border at Kundli.

The area is close to the existing metro connection and the proposed metro connectivity is close by.

A mega exhibition center on the lines of Pragati Maidan, amusement park as well as schools, medical and engineering colleges as well as sports and recreation centers are all in the pipeline.

Imran Khan, Ghaziabad

3rd June 2014

The Delhi Development Authority (DDA) has selected 7 new zones for development and these are J, K1, K2, N, L, P1 and P2 and these are spread all around delhi area.

DDA has come up with many elements of public-private partnerships that can relate in better development of the area. And the Delhi Master Plan-2021 gives leverage to farmers as they can for an consortium and tie up with private builders and banks to develop the plots as per the zonal plans approved..

Investing here is a wise idea as the prices now are quite less as compared and after seeing the phenomenal growth of Dwarka, there is huge expectation from this area.

Govinda,

3rd June 2014

Comment

There area welfare societies here instead of CGHS and the society members have to pay for the land cost now and after 2 years when the construction starts in the project then the price at that point of time will be applicable. For example : if i wish to have a 1200 sq ft apartment..i need to pay Rs18 Lakhs upfront now as land cost and thereafter when the construction starts at the rate of Rs 2500/sq ft as construction cost.

Balmiki Halder, Guwahati

3rd June 2014

True..this is a investment area only as of now but the area has huge potential as the rates are lesser than Delhi while still being inside the territory of Delhi. DDA will do the development activity here and they will be modeled on dwarka but bigger..so can see a tremendous appreciation in future.

Imran Khan, Ghaziabad

3rd June 2014