India’s Poshest Enclave to Shrink in Size, Grow Taller
Eight super-exclusive areas to be taken out of Delhi’s Lutyens Bungalow Zone as DUAC overrules objections
New Delhi: New Delhi’s Lutyens Bungalow Zone — arguably India’s most privileged urban enclave — is set to shrink, and the country’s capital will witness a real estate paradigm shift. Lutyens Bungalow Zone (LBZ) houses the country’s political super elite as well as residences of some of India’s richest business barons. But the Delhi Urban Art Commission (DUAC) — a body that takes big calls on the city’s development — has dismissed objections from conservationists and prominent Delhiites and has recommended that eight super-posh residential areas be excluded from LBZ.
This means relaxations of the floor area ratio (FAR) for these soon-to-be ex-Lutyens addresses and the possible arrival of highrises in areas known for grand low-rise residences. Also, since the Lutyens ‘premium’ on real estate prices in these areas may get reduced or may go, new building activity will get an additional boost.
Industry captains with LBZ residences include LN Mittal, Naveen Jindal, KP Singh, Sunil Mittal, Shashi and Ravi Ruia of the Essar Group, Malvinder and Shivinder Singh, and Analjit Singh. Jor Bagh, Chanakyapuri,
Patel Marg, Bengali Market floor area ratio (FAR)
new building activity Sardar
DUAC report says LBZ’s total area should come down from 28.73 sq km to 23.60 sq km
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TCS’ revenue grew 11.9% in constant currency terms. Infosys reported a 13.3% growth
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