A home is one of the most basic requirements of human beings allowing them to live in peace and security. Population is increasing day by day and it is also being expected that it would reach a total of eight million people by the year 2021. The highly affordable housing project has been specifically designed under MPD 2021 or Master Plan Delhi 2021. The residential project has been specifically designed for offering high-end and top quality residential apartments to the people of Delhi. DDA or the Delhi development Authority has come up with MPD 2021 for solving the problems that can be a result of growth in population. DDA, central government, state government have together collaborated to bring in Master Plan Delhi 2021 for providing well-designed homes to people in Delhi.
Delhi is the center for business, colleges and political activities in India. The Delhi Development Authority came into being in the year 1957 for taking care of the residential requirements of the growing population of Delhi and for generating new residential spaces with exclusive facilities. While the internal development of residential projects is looked after by private development companies, the Delhi Development Authority takes care of the exterior development of residential projects in Delhi and that too in a much secured manner. The land pooling policy is taken into consideration when developing residential projects. The real estate developers do this for providing homes for the middle and the lower-income groups of people.
By offering residential project consisting of around twenty-four lakh residential apartments available for around two million people, MPD 2021 helps in covering the gap in the demand for residential units. Houses are available under the land pooling policy while the developers provide homes at affordable rates serving as the best solution for the Delhi residents. There are subgroups consisting of administrators, political representatives, concerned departments, professionals, local bodies, experts and others.
The most important issues in meeting future requirements is generating a large number of residential townships so that the people can get hold of safe and high quality places to live in. professional teams working in this field speak out that above 24. 000 hectare land is to be developed into residential housing under the Master Plan Delhi 2021. This will be done for dealing with the difficulties of high standard residential spaces. The land pooling policy possesses the potential of leading four million square feet of commercial, public and residential categories development. Property developers can develop around 1 million homes in the future decade.
Property owners referred to as PE or DE will be eligible for the help available by way of the land pooling policy according to guidelines. The principle guiding the Master Plan Delhi 2021 framework and formulation is making Delhi a top quality metropolis. In this region, Diamond Multi State CGHS Ltd is one of the most opulent builders. The plan is set to have the atmosphere and the infrastructure for conducting people towards working in high standard and comfortable living environments while leading superior quality life. With the LPA in place, Diamond Multi State CGHS marks the development conformity for confirming LTC consent and also identifying growth license within a specified format and time limit.
Real estate developers in Delhi need to develop all residential and commercial undertakings under Master Plan Delhi 2021. The Delhi Development Authority has clearly notified the assignment layout plans for different varieties of activities like residential township, commercial corridor and group housing assignments. The retail stores and offices are one of the most important parts of this planning. As per the report, above twenty lakh residential units shall be built in varied zones. MPD 2021 aims towards creating a wide assortment of jobs while securing great employment opportunities in the city. The Delhi Development Authority new land pooling policy makes way for the builders to obtain land from farmers and property owners. The policy is a system according to which the land that is pooled shall be used for the development of social and physical infrastructure.