Ministry of Urban Development Needs to Revise Land Management Policies

May 24, 2007	(1 votes, average: 4 out of 5)  Loading ...
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With Commonwealth Games approaching fast, the failure of DDA to attract buyers for hotel plots in Delhi has been an issue of tension for the government.

Although, the authority has left no stone upturned to fetch prospective buyers but all efforts are going in vain. According to MPD 2021, a lot of land which was earlier under the agriculture belt around the city would now be released for the development of residential group housing.

Excluding a strip of 1 km on the northern, western, and southern boundary of the NCTD, all other land will be available for housing purpose. The development will include the use of land pooling techniques and Private Public Partnership (PPP) models.

DDA is ideally known to be a leading real estate agency in the world. For that reason, the failure of the authority to sell off the hotel plots has brought an obvious “negative impact on property prices in Delhi.”

The Capital city is witnessing a mismatch between demand and supply, coupled with the poor urban infrastructure which the city has to offer. Hence, the DDA required bringing down the reserve prices.

The prohibitive hotel plots in the city made the ultimate room rack rates uncompetitive when compared to the plots available in other capitals of the world, say connoisseurs watching the tourism industry.

Ministry of Urban Development needs to recheck the land management policies with a discerning eye. Simultaneously, releasing the strings of control without bringing in the apt regulatory measures would be a recipe for disaster. This makes the land pooling included in MPD futile.

News Published Under:   Delhi |

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