The MPD2021 drafted newly for Delhi is looked upon as offering a major opportunity to both the investors and developers as this residential zone policy that is looked upon to be notified by DDA in the coming years will be opening up around 26 villages in the south-western region of the capital city for development. Delhi, the capital of the nation possesses the address value distinction besides its status as an eminent eco-social hub. The forty five days period for objections or suggestions about the new residential policy is published by DDA on 18th of April and lapsed on June 2 and now all stakeholders are waiting eagerly for the policy notification that has been modeled as per the land pooling norms.
Construction to take place on low density areas
The policies surrounding the green belts along with the low-density areas are finalized by the DDA whereby the low density areas have been estimated to be representing 26 villages. In this context, it has been stated that the farmhouses spread over 1 acre will be permitted with 30% FAR (Floor Area Ratio).The declaration of this land pooling policy has trigged hidden yet aggressive movements by the investors inclusive of NRIs thereby boosting up the growth of these areas.
The villages set on Delhi’s periphery will be retained as the green belt zone serving as Delhi’s lungs. Construction is to take place in the areas enjoying low population density while the price of the residential projects will be kept low to meet the budget of all. Being specific, the price will be ranging somewhat from Rs 2.5 to Rs 5 per acre depending upon the zone that you are investing for and the amenities it is offering. On an addition, you are going to enjoy the ease of commutation being in close proximity to the forthcoming diplomatic Enclave 2 project at Dwarka.