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

HT Estates - - NEWS - Van­dana Ram­nani

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

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