Delhi master plan 2021 – why is it attractive?
Impact of the May 2009 Elections on Indian Real estate Industry
Often, I am asked about the Delhi master plan 2021, its connotations, fine print etc. In the last few weeks, most questions seemed to be centred around the “Indian Elections and the impact on the Real estate, especially on the Delhi master plan”.
Instead of putting together a structured flow chart type of a report, I thought I could share some of the inputs in a more conversational manner. (Not to mention that our research division also has the reasons documented in a very scientific manner. Institutional investors, large investors etc. can surely subscribe to it by sending a mail to us).
After many years, we have an extremely conducive and favourable eco-system for the real estate in Delhi NCR. The draft master plans for Delhi master plan 2021 are under review. The same should get approved in the next 6-9 months (if not earlier), for the following reasons:
Political Eco-system: Delhi state is governed by the Congress. The central government also is led by the Congress party. The congress has won 7/7 MP seats in these elections. Most stakeholders within governance have an interest to see through the same, and roll out the master plan.
The Political will and players: The last one week has displayed specific Intent and purpose from the stakeholders in the government to hasten the pace of development within India. If one looks at the cabinet formation and ministers in charge of the growth in the next 5 years, it indeed is a cause for rejoice. Mr. Jaipal Reddy, in his second term as the urban development minister would provide continuity and pace. Most other ministers who would have a say on the Delhi master plan also are in key portfolios, and intend to hasten development.
Demand: The demand shortfall / Demand projection for Delhi state, till the year 2021 is estimated as follows:
Residential 1 million Units
Commercial 38 million sq. ft
Warehousing* 16 million sq.ft
*Includes wholesale markets
The recent DDA allotment of approx. 5500 apartment saw a response from more than 1.2 million investors and home-seekers. Isn’t that proof enough of the captive demand for housing in Delhi?
Administration: Delhi has many civic agencies like DDA, MCD, Delhi Police etc. which do currently have a dotted line reporting to the government. Hopefully things would change and a more accountable system is likely to be put in place. Positive noises and actions are already visible since the last few days.
PPP - The whole essence of the Delhi master plan is on the Public-Private-Participation model, and we would see tremendous amounts of private capital being infused into the development of Delhi. Let us also not ignore the fact that multiple agencies like the Central govt, State govt, private enterprise, World bank and other aiding agencies, individual investors etc.would be investing into the infrastructure and other growth in Delhi.
Events – Commonwealth games, the bid for other games by 2020 etc. would bring in infrastructure investments into Delhi in the short & mid term. Besides, Delhi would always play host the visiting state heads, dignitaries, seminars, conventions etc. wherein the who is who of the global policy heads would be participants.
There are a deluge of reasons why one must invest into Delhi, including reasons for shifting investments from the NCR area into Delhi.
As an organization, we have invested more than 5 years into the Delhi master plan, and can be helpful for other members/readers of this content. I can be connected with on menon@certesrealty.com
Our research findings (only a miniscule portion of the same) are already posted on www.delhi-masterplan.com
3 users commented in " INVEST IN DELHI NOW. COMPELLING REASONS "
Follow-up comment rss or Leave a Trackbackyes people are now investing on Delhi businesses ,growing day by day and we need to make it true.
THE DELHI MASTER PLAN HAS STARTED ROLLING….
Many a things about the Delhi master plan, and the pace at which it is evolving goes un-noticed by the aam janta.
In the past week or so, there have been affirmative reports about fast paced developments, on the policy notification, of the MPD 2021.
For those who haven’t travelled on the NH-10 for some time, this is the time to actually go towards Bahadurgarh, from the Peera Garhi chowk, ad take a rain check. As you hit Mundka, from nowhere, a humongous development of the Delhi Metro (DMRC) is visible. We are given to understand that this might be a big MRO centre for the Metro, and that progressively, more than 5000 resources would be working out of the Mundka centre.
This particular DMRC hub is adjoining the proposed 100meter road, which originates from beyond the NH-1 and connects 4 national Highways. The Metro hub is supposedly being developed as a one of its kind in the South Asia region.
There is fresh news that DMRC has awarded the contract for development of housing, for its employees, within the Mundka land. It is supposed to be a beginning with about 1.30 lakh sq. Feet of housing development for the employees. Per the developer press release, the structure is likely to be Ground + 7 floors structure, and is likely to be completed within about 15 months. This would kick off fresh demand for housing under zone ‘N’ from the other employees working, in and around the vicinity.
The other recent notification being the conversion of 25 acres of Land under sector 36 of Rohini, from ‘Recreational’ to ‘Transportation’. Per sources contacted by us, it is understood that the Lieutenant Governor has already sanctioned approval for the conversion. This should pave the way for the accelerated development of the Heliport project, slated to be completed by the common-wealth games 2010. This project too is close to the 100 meter road connecting the 4 NHs. This should give a big leg up to the proposed developments under zone N of the MPD 2021.
The other good news that many a well wishers of Delhi await is the positive announcements regarding the Mini India project, under Village Kanjhawla. That would send a wave of positive energy through the entire area from Narela to Rohini to Najafgarh.
The paced at which many a notifications have been rolling out, we believe the means would definitely leads towards a very satisfactory MPD 2021 roll-out.
Post by Ajay Dabas of Certes Realty Ltd:
The Delhi Master plan 2021 is possibly one of the most thoughtful and decisive document in the recent past, for the development of any Metropolis. The vision of the Delhi master plan document includes the intent to convert Delhi into a global, world class metropolis.
Apart from critical and physical issues like land, infrastructure, transportation, commercial and residential dwellings, facilities & amenities, considerable thought has gone into the soft needs of Environment protection, ecology, culture, social empowerment, governance & management of the Delhi state.
In the words of the Urban development Minister of the Union of India – “The Delhi master plan would set the benchmark for the planning & implementation of similar master plans across the country, and the effectiveness of the same would ensure a change in living standards, rather than the creation of physical infrastructure only”.
The Delhi master plan not only talks about creation of new infrastructure, but also takes a critical look at the issues of Up gradation of old & dilapidated buildings, slum redevelopment, conservation of the environment, preservation of heritage & culture, community participation and the PPP model of development.
We, at Certes Realty Ltd, have invested considerable time, effort and resources to understand the plans in totality, through a dedicated team of people. We have tried to understand the context, the background, the need, the possibilities and the opportunities under the Delhi master plan.
Our prime responsibility, and COMPETENCE, is in identifying the opportunities and facilitating participation into the development of Delhi, and ensuring that the business vision of the Investors is achieved through a “process driven approach”.
We constantly upgrade our knowledge base on Delhi Master plan 2021, and would endeavour to share relevant details with our patrons and visitors to our website http://www.delhi-masterplan.com
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