Residents of Sainik Farms prefer to put off plans to sell properties
Expect fourfold jump in prices if area is finally regularised by the Delhi government
It is one of the most prestigious unauthorised colonies in the Capital. What with sprawling farmhouses, many of which are owned by celebrities, powerful politicians, top bureaucrats and wealthy businessmen among others, Sainik Farms has for long been tagged ‘affluent’. Now, for residents, there is enough reason for cheer as the government seems to be seriously considering regularising the colony with other south Delhi areas like Anantram Dairy and north Delhi’s Mahendru Enclave.
The Delhi government reportedly recently sent a revised regulation to the union Urban Development Ministry for regularising these colonies. Its contention was that there should be no distinction between affluent and non-affluent colonies for the purpose of regularisation.
The urban development ministry too has reportedly circulated a proposal for regularising unauthorised colonies amidst concerned departments. However, a final decision on this is yet to be taken.
How have t hese re ports impacted sale and purchase of both built up property and plotted land? Local real estate agent Geetender Gupta says many owners who were keen to sell their property have decided to hold back and wait for the government’s decision on regularisation. Once that’s done, they are expecting a fourfold jump in property prices.
Gupta, who has been in the property business for nearly 20 years was quick to add that not all prospective property sellers were, however, optimistic about the regularisation reports. Knowing that the Aam Aadmi Party (AAP) government is not in sync with the Central government, they are sceptical about the latter endorsing any such move by AAP.
A former area MLA, BJP’s Vijay Jolly said there are over 5,000 houses in Sainik Farms and most are owner-occupied. Among the well known persons who own property here are legal luminary KTS Tulsi, Congress leader Mani Shankar Aiyar, former UP transport minister Ashok Yadav, BJP leader Anil Jain and former chief secretary, Punjab government, SL Kapur, he said.
Jolly, who has for nearly two decades been calling for regularisation of the colony, had also campaigned for its electrification during his tenure as MLA between 2003-2008. He said he was pleased when the then Shiela Dixit government had initiated the move to empower BSES to electrify the area. Till date, however, proper water connections and sewerage systems had not been put in place, he said.
Sainik Farms came up in the 1960s and initially was meant for defence personnel and their families. It comprised of land taken from villages like Deoli, Khirki, Saidulajab, Maidan Garhi and Neb Sarai. The colony as such was treated as unauthorised, but as relatively moneyed gentry bought land and built farmhouses or purchased properties here its profile changed. Largely due to this tag it missed being on the list of 1,218 colonies to be regularised in 2009. Even in 2012 it was not included in the list of 1639 colonies that were regularised by DDA.
Expect price levels to go up soon over here, says Gupta. So while advertising properties in the area he says this is likely to be the last chance for people interested in buying properties here to buy at the current rates. The Delhi government’s move to equate affluent colonies with non-affluent ones for regularisation is being seen as a step towards regularisation. Should the Central government make a related announcement the prices will shoot up, he said.
Properties vary in size over here from 200 sq yard to an acre or more. Depending on the size, location and its condition the property sale prices can range between ₹ 30,000 to ₹ 1 lakh per sq yard. A house in a 1,000 sq yard plot is priced at between ₹ 10 to ₹ 11crore, he said. Another real estate agent, Rakhee Kalra, said
The writer is a senior columnist