Can the public sec­tor ful­fill Delhi’s hous­ing needs?

Build­ing 16 lakh hous­ing units in the Cap­i­tal, as per Delhi’s Mas­ter Plan 2021, will not be easy un­less the land pool­ing pol­icy is fast tracked

HT Estates - - FRONT PAGE - Van­dana Ram­nani

Delhi De­vel­op­ment Au­thor­ity’s (DDA) hous­ing schemes have all along been a big draw for peo­ple want­ing to buy prop­erty at af­ford­able rates in the Cap­i­tal. This week, there were re­ports of Delhi Metro Rail Cor­po­ra­tion (DMRC) plan­ning to throw open a sim­i­lar scheme for the gen­eral public.

An­other public sec­tor un­der­tak­ing, The Na­tional Build­ings Con­struc­tion Cor po­ra­tion (In­dia) Ltd, is cur­rently work­ing on projects in Karkar­dooma and San­jay Jheel for DDA and has launched two projects in Gurgaon. Ear­lier this month, the Cabi­net ap­proved the re­de­vel­op­ment of seven Gen­eral Pool Res­i­den­tial Ac­com­mo­da­tion (GPRA) colonies of which NBCC will re­de­velop Saro­jini Na­gar, Ne­taji Na­gar and Nau­roji Na­gar.

Now the ques­tion is, will these agen­cies on their own be able to achieve the tar­gets set in the Hous­ing for All by 2022 Mis­sion or will the pri­vate sec­tor have to cre­ate stock? The re­quire­ment of 16 lakh units for Delhi, as per Delhi’s Mas­ter Plan 2021 seems to be quite a task given the fact that DDA has just cre­ated around five lakh units in the 49 years since its inception. In such a sce­nario the only so­lu­tion to the hous­ing short­age can be of­fered by fast track­ing the lan­guish­ing land pool­ing pol­icy and the huge re­de­vel­op­ment po­ten­tial that ex­ists within the Cap­i­tal.

DMRC

The agency has iden­ti­fied two plots near the Metro sta­tions in Okhla and Janakpuri, where it plans to con­struct 93 and 350 units, re­spec­tively. The 2BHK and 3BHK units will be sold at the mar­ket price of ₹ 80 lakh to ₹ 1 crore and will be al­lot­ted through a draw of lots. DMRC has ear­lier constructed res­i­den­tial apart­ments in Dwarka, Ya­muna Bank, Saket and Shas­tri Park for its em­ploy­ees. “DMRC in­tends to de­velop a plot of 11,280 sqm at Janakpuri (West) un­der Tran­sit Ori­ented De­vel­op­ment ( TOD) norms. The con­cept plan for this plot is ready. It will have ap­prox­i­mately 300 flats of dif­fer­ent sizes in ad­di­tion to manda­tory EWS. DMRC will also con­struct about 5,000 sq m of com­mer­cial area on this plot. A scheme will be launched to sell these flats di­rectly to the public/govern­ment or­gan­i­sa­tions/govern­ment PSUs by invit­ing ap­pli­ca­tions,” DMRC sources say.

An­other plot near the Okhla Metro sta­tion is be­ing de­vel­oped un­der TOD norms where DMRC in­tends con­struct­ing 93 flats and de­vel­op­ing a com­mer­cial area. These flats and com­mer­cial ar­eas will be di­rectly sold by the DMRC, the sources say.

NBCC

NBCC (In­dia) Ltd had ear­lier launched two real es­tate projects

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