DDA’s Green Development Policy Will Push Realty Growth: NAREDCO
The Delhi Development Authority (DDA) proposed to make modifications to the Master Plan-2021 for incorporating the Green Development Area Policy under Section 11-A of DDA Act 1957. The Policy will encourage ‘green development’, which shall be characterized by prescribed FAR, large wooded and landscaped areas.
DDA’s Green Development Area policy will bring a paradigm shift in Delhi in terms of curbing vehicular pollution and push the real estate growth, according to the National Real Estate Development Council (NAREDCO).
In ‘Consultative Process on DDA Green Development Policy’, Rajeev Talwar, Chairman, NAREDCO, said that a huge number of people have invested in land and expected that a change will come in policy through which they will be able to monetise and give a direction to new development in the region. “There are villagers, small developers and all other stakeholders expect change in policy for urban development,” Talwar said.
According to Manju Paul, Additional Commissioner, Planning, Delhi Development Authority (DDA), the policy is extremely important and DDA is very keen to implement it without any delay. Paul said that the recommendations, as received would be put up to the board of inquiry and suggestions incorporated in the policy.
“With the help of DDA, we have already submitted the first draft of MPD 2041. We all want and wish that change to happen in Delhi for next generation we want to become a bridge between policy makers and implementing process,” said Hitesh Vaidya, Director, National Institute of Urban Affairs (NIUA).
According to the policy, Green Belt has been identified as agricultural land along the border of NCT of Delhi up to a depth of one peripheral revenue village boundary, wherever possible.
Similarly, 23 identified villages falling in Urban Extension having concentration of farmhouses termed as Low-Density Residential Plots or LDRPs.
“I hope this policy becomes so visionary with all our efforts that our future generation can remember it and talk about it as a policy to change the dynamics in not only Delhi but entire national capital region,” said Niranjan Hiranandani, President, NAREDCO.
“Once this policy came into public domain, we felt that something has come back what we have lost in the last so many years. The idea is to bring NIUA, Naredco and DDA on the same platform and aim for a sustained and planned development in the city,” said Gaurav Jain, Vice President (North) NAREDCO.