A house for Mr Everyone
If owning a house in Delhi has been your biggest dream and the DDA’s housing schemes failed you every time, do not lose heart. The next few years will throw a plenty of options at you to pick an apartment of your choice.delhi Updated: May 12, 2011 00:11 IST
If owning a house in Delhi has been your biggest dream and the DDA’s housing schemes failed you every time, do not lose heart. The next few years will throw a plenty of options at you to pick an apartment of your choice. And most of these options will be in the west of west Delhi, close to the area bordering Haryana.
In Master Plan 2021, the Delhi Development Authority (DDA) has envisaged five new sub-cities in the Capital, three of them will come up in the rural part of west Delhi encompassing villages like Kanjhawala, Najafgarh, Nangloi, Bawana and neighbouring areas. Of 60,000 hectares of land to be used for the development of new sub-cities in Delhi, about 40,000 hectares are in west Delhi. A 100-metre wide urban expressway road that will originate at NH-1 and cut through NH-10, NH-8 and go up to NH-2, will be the lifeline of all these new zones.
According to DDA’s former commissioner (planning) AK Jain, west Delhi is the only potential area for urban development in the Capital city. With its vast expanse of land bank and proximity to the international airport, the Jaipur highway and Gurgaon — the Silicon Valley of north India — it will turn in to a world-class city in next few years.
"Unlike south Delhi, this part of the city will not have any problem of water and power. The traffic congestion that we see in other parts of the city will not be a case in west Delhi. State- of-the-art planning has been done and mass rapid transit system has been integrated,” Jain said.
In fact, after south Delhi, west Delhi is the area where real estate has developed in a big way in the past few years and will continue to grow.
The residential properties in Dwarka are priced as high as in south Delhi. In the recent housing scheme that the DDA launched, the three-bedroom flats were priced as high as R1.2 crore a unit, second only to Vasant Kunj, which is a posh south Delhi address.
With Delhi’s population likely to touch 23 million by 2021, huge land in west Delhi offers massive expansion plans.
According to senior DDA officials, the Capital requires 15 lakh dwelling units by 2020. Since the government agencies do not have the capacity to take up this huge task, the government will involve private sector to develop the area on public-private participation basis.
Though the DDA is yet to come up with a land policy, which allows the pockets to be developed as residential, commercial or greenbelts, sources said private real estate developers have already started buying huge chunks of land directly from farmers.
“Most of the development projects that Delhi is likely to witness in the next few years will be in west Delhi. But it will take time. It is not happening in the next 2-3 years,” said Anshuman Magazine, chairman and managing director, CB Richard Ellis, South Asia, a global real estate consulting company.
With Delhi’s development evenly balanced, Magazine said, west Delhi too have a good share of schools, commercial establishments, malls, retail outlets and health facilities. The proximity to Gurgaon and the airport are added advantage for west Delhi.
The new housing projects in west Delhi are likely to be a mix of multi-storeyed and low-rise buildings. DDA officials accept that land is selling at a premium and big real estate companies are trying to acquire and hold on to as much land as possible.
“Even the projects that are coming up are high-end luxury and mid-segment housing, which would give stiff competition to Gurgaon and Noida,” a real estate expert said.