Will brakes be put on NCR’s growth story?
Investors in Gurgaon and Noida likely to feel the heat as housing stock starts to take shape in the Capital
The urban development ministry notified operational guidelines for implementing the land pooling policy in Delhi this week. The policy will make it possible to construct around 25 lakh housing units in the next six to eight years. This is in line with the housing shortage spelt out in Master Plan Delhi 2021 which was notified in 2013.
“The authority has not acquired any land in the city in the past decade due to the stringent provisions of the Land Acquisition Act. It is a time-consuming process. This policy will help us develop infrastructure without acquiring land and a total of 20,000 hectares will be opened to urbanisation. We expect that 25 lakh houses will come up in the next