How much will homes in smart Delhi cost?

They will be priced any­thing be­tween 40 lakh and 50 lakh

HT Estates - - HTESTATES -

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.

THINKSTOCK

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