Updated:  |   |  WWW.INDIANREALTYNEWS.COM

 

« Property prices remain unchanged despite slowdown | Home | Indian realty not celebrating this festive season »

Govt proposal may increase flats by one lakh in Delhi

October 10, 2008
 Votes | Average: 0 out of 5 Votes | Average: 0 out of 5 Votes | Average: 0 out of 5 Votes | Average: 0 out of 5 Votes | Average: 0 out of 5 (Be the first to rate this story!)
Loading ... Loading ...

The Delhi government is considering a proposal that will make it obligatory for group housing societies wishing to make use of the increased floor area ratio (FAR) under Delhi’s new Master Plan-2021, to construct new dwelling units in their society premises instead of finding ways to expand the existing flats. If the Union urban development ministry proposal goes through, around 1 lakh more houses are expected to come up in the city. FAR in group housing societies has been increased from 167 to 200 in MPD-2021, which was notified by the urban development ministry in February last year.

After MPD-2021 came into force, several housing societies had permitted their residents to increase the area of their flats by making extensions to take advantage of the raised FAR. But the government, keen to bridge the huge gap in affordable housing in the capital, hopes that the new proposal will make available more houses. As per urban development ministry, the proposal would force housing societies to utilize the increased FAR to construct new houses. The proposal will provide housing to many who are not in a position to afford costly flats offered by private builders. The availability of around one lakh houses, that too in existing housing societies, would also put a check on sky-rocketing prices of flats. The proposal is also in tune with the master plan’s provision increasing the population density by 40% — from 175 persons per hectare to 250 persons — in residential areas. Clause 4.4.3-B of the master plan, which deals with increase in FAR in societies, does not specify how the increased built-up area is to be utilized.


News Published Under:   Delhi |



Add to Favourite:
:  

Did'nt find what you are looking for? Try this…..

 


Related News:


  • New Housing Prospects Grown by Delhi Master Plan 2021
  • Private players may be allowed to develop land
  • Indian Real Estate: Land Conversion Rates to Go Up
  • Time to Rejoice for Would Be Lessors
  • What New Delhi Master Plan has in store for all?
  • 50 lakhs additional housing units in Delhi Master Plan
  • Delhi Master Plan 2021 to renovate “Capital” into “Maximum City”
  • Demand High for Affordable Housing
  •  

    Comments

       

          

                          

    Real Estate News Alerts
    Get Latest Property Updates
     


    SPONSORED LINKS
    Credit card Visa India

    Recent Comments
      • swapna: I am looking for a house for rent or sale in Vadap...
      • Suresh: Hi man Chennai Velacherry rate is Rs/8600 per Sqf...
      • ravindran: I hope that Coimbatore will be the next IT destina...
      • B.Anand: Dear Editor, Please update on the Bombay High Cou...
      • Vivek: It is height of foolishness comparing Dhanbad with...
      • Mahesh: Its cost step and initiation from Red Fort cap. Ge...
    Property Prices