Master Plan effect: High- rises along Metro corridor
The Metro has resulted in a spike in real estate prices wherever it has reached. Over the next few years, it will also be associated with high-rises and dense development of existing plotted colonies. Sidhartha Roy reports.delhi Updated: Dec 22, 2011 00:22 IST
The Metro has resulted in a spike in real estate prices wherever it has reached. Over the next few years, it will also be associated with high-rises and dense development of existing plotted colonies.
According to Master Plan of Delhi 2021, up to 500 metres along a Metro line will be designated as ‘influence zone’. Such areas will be allowed an additional floor area ratio (FAR) and height of 50%, depending on the area and the zone where the property is located.
Former commissioner (planning), DDA, AK Jain said existing areas along Metro corridors can be redeveloped and high-rises built, but with riders. “For a high-rise to be built, services would have to be augmented in an area of four hectares around the structure,” he said.
“There has to be sufficient road network, open space, green area and parking provision near the building before permission can be sought for redevelopment,” he said. “Permission from the Delhi Urban Arts Commission and the Delhi Fire Service will also be required.”
“The Master Plan allows buildings to be only 15 metres high. If someone wants to build a high-rise, the ground coverage of the building has to be less,” said Jain. “Increased FAR can also mean that instead of going vertical, the building can cover more ground area and build more rooms per floor.”
Ramesh Menon, director of real estate consultancy firm Certes Realty Limited, however, believes that instead of the existing routes, skyscrapers are more likely to come up along upcoming Metro lines.
“The Master Plan talks about redevelopment along the Metro corridor but the redevelopment would be zone-specific,” he said. “Land needs to be aggregated before high-rises can come up and this might not be possible in areas that are already developed,” he added.
First Published: Dec 22, 2011 00:19 IST