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