Having accomplished the hassle-free launch of its biggest-ever housing scheme in the year gone by, the Delhi Development Authority has lined up a number of initiatives for 20 IS that are designed to make the life of residents in Delhi a lot easier. Besides slashing conversion charges for prime markets in the Capital, the DDA board gave nod to transit oriented development, de-notification of colonies falling in some development areas, budget for the financial year and many other policy
In a bid to strengthen its citizen-friendly image, the Delhi Development Authority has come up with a slew of steps, including rationalization of conversion charges and nod for transit-related development corridors in the national Capital. The two major announcements along with the approval to ~9,000-crore budget for the financial year 2015-16 were made at the board meeting of the Authority, in New Delhi on February 16.
The main areas of focus for the agency, as delineated in the budget, will be on construction of houses, development and disposal of land, better infrastructure, expansion of greens and other miscellaneous activities.
To provide relief to thousands of shopkeepers running their businesses from upper houses of buildings meant for residential purposes, the Authority rationalised and slashed the conversion charges for 80 markets, including Sarojini Nagar, Khan Market and Green Park, from ~89,094 per sq. m. of built-up area to~22,274 per sq. m.
The DDA said these shopping-cum-residential areas were constructed much before the 1962 Master Plan Delhi. In the 2001 Master Plan, these areas were declared as local shopping centres. Residential portion of the market, over a period of time was being used for commercial purposes, necessitating change of use. It was allowed, subject to payment of conversion charges of ~89,094 per sq. m., through a notification dated July 10, 2012. These were found to be very high and, therefore, were slashed.
A part of money collected from property conversion will be transferred to the three municipal corporations in the Capital.
The DDA also approved de-notification of colonies falling in particular development area and the building activities there would stand transferred to the North Delhi Municipal Corporation. The colonies which fall in these development areas are Mianwali Nagar, Paschim Puri, Nagin Lake Apartment, Ekta Enclave, SBI Colony, Shubham Enclave, Adarsh Apartments and six others. The matter will now be referred to the Land and Building Department ofthe Delhi Government.
Another major decision taken at the DDA board meeting was the approval to the ‘Environment and Transport’ chapters of Master Plan for Delhi 2021 which includes transit-oriented development (TOD). The TOD model seeks reduction in road congestion through less dependence on private vehicles and more on improved public transport system. Realty & More was among the first publications to have carried an exhaustive report on the Karkardooma transit-oriented development plan in its January 2015 issue.
The revised Environment chapter envisages creation of a sustainable physical and social environment for improving quality of life as major objectives of the Master Plan for Delhi (MPD) 2021.
Transit-Oriented Development (TOD) being the highlight of the Transport chapter will facilitate people to live, work and seek entertainment in a zone that balances commercial and residential areas with an integrated network of smarttransport facilities.
“TOD will be applicable within 500-metre influence zone of the (centre line of) MRTS (Mass Rapid Transit System) corridors. The norms will facilitate more people to live, work and seek entertainment within walking distance of stations. ‘
‘This will also seek to balance/redistribute densities over the city along MRTS corridors,” the DDA budget said.
As per the norm, a maximum FAR (Floor Area Ratio) of 400 and a maximum density of 2,000 persons per hectare (PPH) is permissible for purposes of infrastructure planning, it said.
“Permissibility of mixed-use within all land uses will reduce car-dependency and reduce congestion on roads. It will also allow greater flexibility to the development to adapt to local context and marketbased needs,” it added
The first TOD project at Karkardooma in East Delhi will be taken up soon and a memorandum of understanding between DDA and National Building Construction Corporation (NBCC) which will be taking up the project on behalf of DDA was also approved in the meeting. (The MoU was signed on February 27)
TOD norms allow for mix of incomes within communities with shared public spaces, greens, recreational facilities and amenities which will minimise gentrification and create more communityoriented development.
Setting for itself a target of adding one lakh houses in the national Capital by the end of 2016, the DDA decided to focus on building flats with smart and modern designs, besides a housing scheme for senior citizens and green buildings.
It is worth mentioning here that while the Union Minister of Housing and Urban Development wanted the DDA to construct one lakh houses by the end of this year itself, the DDA acted more pragmatic and promised to deliver these flats by the end of 2016 only.
“By the end of this year we will be in a position to have 1 lakh houses under construction so that by 2016-17 we can announce a scheme of up to 1 lakh housing, including affordable houses,” DDA Vice-Chairman told Realty & More.
A noteworthy feature, however, is for the first time the Delhi Development Authority has approved a proposal to build studio apartments for the senior citizens. The total number of flats to be constructed is approximately 2,000 and the location of the flats will be at Rohini, Dwarka, Maidangarhi and Sanjay Lake. The project is expected to be completed within three years. The area of the flat will range from 40 to4 5sq. m.
“By the end of this year we will be in a position to have one lakh houses under construction so that by 20 16-17 we can announce a scheme of up to one lakh housing, including affordable houses”. BALVINDER KUMAR Vice-Chairman, DDA
According to media reports, the apartments will be small one-room flats that will have a combined bedroom, kitchen and living space. The houses will have a bathroom and a balcony too. The housing complex will have a library, medical facilities, meditation and yoga rooms, canteen and common rooms with a television. It will also have parks and walking tracks.
Earlier, Kumar was quoted in the media as saying, “Senior citizens want security and medical facility. We will ensure they get it all. We will also talk to banks and see if they can offer loans to senior citizens staying alone in Delhi on reverse mortgage so that they can apply in our scheme”.
Coming to financials, the~9,000-crore budget ofthe housing authority presented by Finance Member Venkatesh Mohan shows a growth of 172 per cent over revised estimate (RE) of 2014-15. This contrasts with growth rates of 50 per cent during the past year. The budget also earmarked Rs 750 crore in RE 2014- 15 and ~800 crore in budgetary estimate (BE) 2015- 16 for expansion of greens. Five sports complexes have also been envisaged.
The DDA has also earmarked grants to Delhi Metro Rail Corporation amounting to ~313.50 crore each during RE 2014-15 and BE 2015-16. A sum of nearly ~360 crore has also been set aside towards maintenance fund for the first time in the context of Housing Scheme 2014.
Danube Properties’ Dh525 million Opalz sold out on the first day of launch
October 4, 2022: Danube Properties, the UAE-based affordable housing developer, said, its latest project Opalz, a twin-tower residential project with...
Pacific Mall D21’s ‘Dussehra Celebrations’ drops the curtain with high attendance
New Delhi: Pacific Mall D21 organised a two-day Dussehra celebration and Garba Night, attracting massive turnouts. The special arrangement of...
Tata Value Homes sells over 100 residential units at New Haven, Bahadurgarh at launch
Delhi/Haryana October 4, 2022: With an aim to address the growing demand for quality homes in Haryana – Bahadurgarh, Tata...
Welspun Corp opens steel plant in Anjar
October 3, 2022, Anjar, Gujarat: Welspun Metallics Limited, a subsidiary of Welspun Corp Limited (WCL), the flagship company of the Welspun...
Over 1500 cyclists join Hiranandani Thane Cyclothon 2022 to support ‘Rhyme for Earth’ initiative
October 2, Thane: The Hiranandani Group hosted the first Hiranandani Thane Cyclothon today from its thriving Thane township, Hiranandani Estate. Over...
Ashiana Housing adds over 900 senior living units with Villas and Apartments with the launch of Ashiana Advik in Bhiwadi
New Delhi, October 3, 2022: New Delhi-based real estate developer Ashiana Housing has announced the launch of Ashiana Advik in Sector 39, Bhiwadi....
Developers Speak3 weeks ago
Festive season to spurt bookings: Experts
Developers Speak3 weeks ago
Chandni Chowk at the Centrepiece in tune with the wave of Commercialisation
Report4 weeks ago
Private equity inflow in PropTech firms up 5% to $270 mn in H1 2022: Housing.com
News4 weeks ago
BHIVE receives Rs 240 cr commitments for its ₹ 400 cr Real Estate Fund
New Launches4 weeks ago
Makemyhouse.com expands in India, introduces partner program in 60 cities
Developers Speak4 weeks ago
With Flight Testing in MOPA Airport, spotlight turns to North Goa
Report3 weeks ago
Shop-cum-Office segment grows 30-40% in the past 12 months: 360 Realtors’ study
Report3 weeks ago
Coworking share in office real estate up at 20% in H1 2022 from 6% in 2021: Report