Changes rec­om­mended in lbz

HT Estates - - FRONT PAGE -

DUAC rec­om­men­da­tions: The Delhi Ur­ban Art Com­mis­sion, ap­pointed to re­view LBZ norms, has rec­om­mended that LBZ area should be shrunk from 28.73 sq km to 23.60 km. This brings the LBZ back to the orig­i­nal plan de­signed by Sir Ed­win Lu­tyens in 1912 What will be al­lowed? One or two storey res­i­den­tial struc­tures will be al­lowed, in­clud­ing a base­ment. Build­ings can be as high as 12 me­tres or three storeys. Pro­pos­als in the DUAC re­port have been sent to the UD min­istry Im­pact of pro­pos­als: Peo­ple will not have to pay astro­nom­i­cal sums for prop­er­ties in Delhi’s most pre­mium ar­eas. An apart­ment of 1,700 sq ft to 2,000 sq ft is likely to cost around ₹ 15 crore to ₹ 35 crore in­stead of the cur­rent ₹ 50 crore to ₹ 140 crore In­creased sup­ply: While the new norms are likely to in­crease the sup­ply of pre­mium res­i­den­tial mar­ket in Delhi, it will be lim­ited and de­pen­dent on home­own­ers’ wish to con­struct ad­di­tional floors. Re­de­vel­op­ment of land in these ar­eas can take place only with the per­mis­sion of peo­ple who own plots over there What hap­pens to LBZ? As sug­gested by DUAC, if the bun­ga­low in LBZ is in a good con­di­tion, it can be re­paired and used for res­i­den­tial pur­poses. If it’s be­yond re­pair then it can be re­de­vel­oped. The bun­ga­lows have been di­vided into four cat­e­gories de­pend­ing on the plot area

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