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311 acres for housing projects in S Delhi

25th November, 2008

The Hindustan Times

311 acres for housing projects in S Delhi
The Hindustan Times
HERE’S good news for those looking to buy a house in a city bursting at its seams.
The Noida Board on Monday approved a proposal to develop an integrated residential cum institutional project on 311 acres of land — three times the size of Jawaharlal Nehru Stadium — in south-east Delhi.
The land belongs to the Uttar Pradesh Irrigation Department. Pieces of land earmarked for the project are located along Mathura Road close to Madanpur Khadar, Okhla, the Jamia Millia Islamia University and Kalindi Kunj.
Experts said the project would help augment the enormous demand-supply gap for affordable housing options in the city .
Plus, the project is in a central location. “The area falls on the Delhi Metro route close to Jasola. These 311 acres can go a long way in tiding over the shortage in housing stock in Delhi,” said Anshuman Magazine, managing director, CB Richard Ellis, a real estate consultancy firm.
According to Census 2001 figures, there were 24.5 lakh housing units in Delhi. The city’s population increased from 1.38 crore in 2001 to 1.62 crore in 2006 but the DDA managed to add just 13,000 houses in this period. "The project, as and when it is implemented, will help bring in more supply leading to affordable housing. But owing to scarcity of land, planners have to design it in a way to optimise use," added Magazine. Noida Authority Chief Executive Officer Mohinder Singh said on Monday: "The UP Irrigation department has 311 acres of land in Delhi spread over seven to eight patches. We have written to Delhi Development Authority (DDA), requesting them to change the land use so these can be developed ac- cording to DDA guidelines. The project will have residential, institutional and residential integrated plans. It will be developed by private developers." A senior DDA official confirmed they had received a request on the subject from Noida Authority. "We are considering the proposal. If it is feasible, we will allow them to develop the land according to masterplan guidelines," said the official who did not want to be named, since he is not authorised to speak to the media. kapildattal3@gmail.com moushumi.gupta@hindustantimes.com
 

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