How much will homes in smart Delhi cost?
They will be priced anything between 40 lakh and 50 lakh
So, how much will houses in smart cities cost? Will they be within the reach of the common man? “These units will easily be available for ₹ 40 lakh to ₹ 50 lakh and if the authority is able to provide excellent world-class infrastructure in the smart city, people will prefer to stay in Delhi rather than move to NCR towns,” says Balvinder Kumar, DDA vice chairman.
Development of 100 smart cities is high on the government’s agenda. Finance minister Arun Jaitley had announced ₹ 7,060 crore for development of these cities in the budget this year. These cities will be created as ‘satellite towns of larger cities’ and through the modernisation of ‘ existing mid- sized cities’. This means that these will be a combination of both greenfield and brownfield developments. Some of the cities announced in the budget include Ponneri in Tamil Nadu, Krishnapatnam in Andhra Pradesh, Tumkur in Karnataka (all three in the Chennai–Bengaluru Industrial Corridor region), Varanasi in Uttar Pradesh, the Greenfield Gujarat International Finance Tec-city (GIFT), and Guwahati in Assam besides the industrial smart cities in seven states.
The Delhi model smart city will come up in zones N and L. Zone N includes areas such as Kanjhawala and 18 other villages. There are two economic drivers in this zone, which is spread across 9,670 hectares, out of which 4,719 hectares have been reserved for private residential development. Several knowledge- based industries such as software, media, ITeS, biotechnology, educational services etc are slated to come up on the Delhi State Industrial and Infrastructure Development Corporation land in this zone.
Zone L consists of areas such as Baprola located in the outskirts of Najafgarh where an IT, gems and jewellery SEZ is expected to come up. The zone is spread across 11,611 hectares, out of which 5,344 hectares have been reserved for private development.
According to Ramesh Menon of Certes Realty, the creation of Delhi’s model smart city can become a reality soon as there is reasonable impetus being given to it from the urban development ministry. In Delhi, the land pooling policy will bring in the land supply and unencumbered access to the planner for designing a smart city. The second step will involve land owners getting their land reallocated and then working to develop and maintain it. The third step involves smart city planning and the subsequent smart elements being incorporated.
Certes advocates planning of smart cities around the concept of TOSS - transit oriented development, open spaces and services. The planners will soon get voluntary access to unencumbered land through the land pooling mode to design the smart city. Post planning and land pooling, the landowners would be reallotted developable land. While the DDA would infuse ‘smart elements’ at the city level, the developers would add the last mile into their respective projects.