Prices to rise in Delhi’s Urban Villages

Posted on: May 15, 2013 at 10:05 am, in

Concept of Country homes will soon be a reality with DDA giving its nod to construction of it in 27 villages. These villages would fall under low density residential areas.

DDA has proposed to reduce the minimum land area requirement from 2.5 acres to 1 acre. Besides, FAR has already been increased for farmhouses in Delhi. Once notified by Urban Development ministry, it will be formally inducted for regularization and would see a steep rise in prices.

“We have declared 27 villages as ‘development area’ so that we can ensure integrated development of urbanizable area as stated in the Master Plan Delhi (MPD) — 2021 under the new land pooling policy. This will also help the development of farmhouses and country homes in those localities,” said a DDA official. Approval for the same was given in a board meeting and would exclude the areas falling under regional park and green belt.