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What Do You Know About the DDA Housing Scheme 2019?

by Anushree Ghosh The Delhi Development Authority’s Master Plan was structured in 1962 to plan an organised set-up for the chaotic growth of Delhi. This encompassed the need to spot new lands and developing them into residential complexes, that were supposed to be self-contained colonies with commercial & retail services within the premises. This year, DDA is ready with almost 18,000 flats in Delhi’s Vasant Kunj and Narela areas. The Delhi Development Authority had launched its new plan online on March 25, with flats belonging to 4 categories — HIG, MIG, LIG and EWS. Here are the things you need to know about flat allotment: Unlike previous years, one must use only the online portal to apply for flats in Vasant Kunj and Narela. Flats will be allotted using a lottery system after ...

Weekly News Round Up – RealtyMyths

Hi guys, and welcome back to the weekly news roundup, where we talk about the current news in the real estate industry. So let’s begin!  Starting with the RBI policy changes. RBI cut the Key Repo rate by 0.25% to 6.25%. The central bank also changed its monetary policy stance to ‘neutral’ from the earlier ‘calibrated tightening’, indicating further relaxing on its approach towards interest rates. Next update on Reliance Industries. To expand the presence in the e-commerce and communication segment, Reliance Industries is planning to invest an additional INR 10,000 crores in West Bengal Update on highways in India. Under the Bharatmala Pariyojana programme, 65,000 km of highways to be built across the country by 2022, at the cost of over INR 5.35 lakh crores, said Nitin Gadkari, Road Trans...

Delhi’s new land-pooling policy is a big opportunity for fence-sitting buyers

The state of Delhi holds immense importance for India. Besides being the capital of the world’s largest democracy, it is also the hub of socio-economic and political activity in the country.  There was euphoric exultation in the city on the evening of September 7 over news that the Delhi Development Authority (DDA) has approved land pooling policy under Delhi’s Master Plan 2021. On 11th October the Ministry of Housing and Urban Affairs notified a land pooling policy under the 2021 Master Plan for Delhi, to address the large-scale housing gaps in Delhi. Through this policy, Delhi is set to get 17 lakh new affordable housing units, with a capacity to accommodate 76 lakh people. This policy signals a change in the Delhi Development Authority’s (DDA) model of land acquisition and development t...

The problem of Unauthorised Colonies

Rome was not built in a day! This proverb is symbolic to the development journey of any city. Ironically, it is symbolic to all the problems as well that arise due to ill-planning of all the development activities in and around a city. Ill-planning of a city means giving less or no emphasis on some of the vital aspects of a city which hold great future significance. Proper development of residential colonies is also one such aspect which must attend the requirement of future expansion to meet population increase.  The issue of unauthorised colonies is nothing but the by-product of the ill-planning that major metro cities have gone through in last 3-4 decades. A metropolitan city like Delhi, which also happens to be the capital city and where regular immigration of population from other pa...

India and the issue of unplanned development

There is no doubt that the current status of India’s urban infrastructure is not in great shape. Every now and then we hear about log traffic jams, overflowing sewers, garbage spill over, flyovers falling down, roads caving in and many more such incidences happening in and around our ‘world-class’ urban cities. One of the prime reasons for all these problems is the poor urban planning and lack of foresightedness among our bureaucrats. Encroachment and the issue of irregular colonies in Delhi are also some of the critical by-products of poor planning and execution of urban development policies. The issue of encroachment became so grief that the Supreme Court finally had to intervene where it directed the city authorities to check and get rid of the illegal construction. It...

The fate of the Unauthorised Colonies

Anushree Ghosh, The mushroomed unauthorized colonies of Delhi provide a classic example of the failure of the authorities in controlling encroachment.  The houses are glued with each other without any proper infrastructural facilities. Waterlogging, lack of proper parking spaces, waste management, safety, lack of public amenities, improper drainage system are some of the issues faced by these colonies. Even the banks don’t offer loans for buying houses in these areas. Regularisation of these colonies has been a matter of debate, majorly because of the political reasons. Until 1993, many efforts were made to regularize them. However, when the government was keen to regularize around 1000 colonies, an NGO, the Common Cause Society raised objection about the process followed for regularizatio...

Does Infrastructure status to affordable housing ensure the construction quality?

Akhilesh K.Prasad A long-standing demand of developers was recognised when the government granted infrastructure status to affordable housing in the Union Budget 2017-18 as a measure to boost its flagship ‘Housing for All by 2022’ project. The infrastructure status will simplify the approval process for affordable housing projects, create clear guidelines, and increase transparency in the segment. Most importantly, it will ensure easier access to institutional credit and help in reducing developers’ cost of borrowing for affordable projects. While developers are buoyed by the government’s largesse, the government expects that the benefits of the decision will be transferred to home buyers under the scheme. The key components of a successful affordable housing scheme are; quantity, quality,...

ANAROCK launches report on affordable housing in NCR

RM Correspondent ANAROCK Property Consultants released its definitive research report ‘NCR – An Affordable Housing Goldmine’ at the Delhi leg ofEconomic Times’ ACETECH – Asia’s leading trade fair for architecture, building materials, innovation, and design. The report pitches the phenomenal expansion and urbanization rate of India’s largest planned region against the real estate industry’s affordable housing response. Intensely data-driven, this study lays bare the opportunities, shortcomings, and challenges that Delhi-NCR presents to the real estate sector. Anuj Puri, Chairman – ANAROCK  Property Consultants says, “Affordable housing has once again taken centre-stage in all real estate forum discussion, and deservedly has the undivided atten...

Land Pooling in PPP model: evolution, benefits and success stories

by Soumya Prakash By 2031 India’s urban population is expected to reach 600 million (60 crore) as per a report prepared by JNNURM Directorate – Ministry of Urban Development and National Institute of Urban Affairs. By 2021 Delhi-NCT (National Capital Territory) is expected to touch 230 lakh while that of the National Capital Region (NCR) 641.38 lakh as per NCR Plan – 2021 report. The Master Plan of Delhi (MPD) 2021 also projects the population of the city touching 230 lakh by 2021 and 24 lakh new dwelling units will be in demand in Delhi by that time whereas DDA has built only 11.69 lakh residential units in the city till now. Likewise, there will be an exponential requirement of residential units for the projected urban population of India. To fulfil this demand urban development au...

Eligibility criteria to get DDA flat alloted

Eligibility for applying in DDA scheme is as under – (i) The applicant must be a citizen of India; (ii) He should have attained the age of majority i.e. an applicant should have completed 18 years of age as on the date of submitting the application; (iii) The applicant must not own any dwelling unit (including residential plot)/flat in full or in part on lease hold or freehold basis in Delhi, New Delhi or Delhi Cantonment , either in his/her own name or in the name of his/her spouse or in the name of any of the dependent relations including unmarried children. (iv) Family means spouse and dependent relations including unmarried children. (v) Both husband and wife can apply for flats separately subject to fulfillment of eligibility conditions with the stipulations that if both are fou...

Real Estate and MCD Polls: To Be or Not To Be?

Altogether, ten municipal corporations across India are in the process of undergoing (or have gone by the time this piece appears) polls. Among them there are some really rich ones and the political contenders will engage in a pitched battle to rein control of these MCDs. Millions of citizens residing in these states have the strength to control the economic indices and make up for the urban constitution, and whichever party controls this urban milieu will have considerable advantage in the forthcoming general state as well as national elections. by Straavi,  In this context, large-scale commercial projects will play a good enough role in swaying the voters’ decision. But if in case you are wondering if the real estate projects mushrooming around you will play a role in impacting the polls...

Will Delhi become a Solar City by 2020?

With the background of scorching heat of June, 2016, the Delhi Government launched its Solar Energy Policy officially called as “Delhi Solar Energy policy 2016” which is a broad framework to regulate Delhi’s solar market and its potential for a four-year time period of 2016-2020. It’s been nearly nine months since kick-starting of the policy, it calls for a quick appraisal of the same!  MythBuster Aojasvi, With an aim of transforming Delhi into a “Solar City” the policy aims to build upon 1 GW (1000 MW) Solar energy generating infrastructure till 2020 and further envisages to double it up by 2025. The regulatory policy has the potential of lowering the state’s expenditure on energy through peak saving, strengthening its energy security, and reducing its reliance on unsustainable fossil fue...

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