A house is one of the most basic requirements for people allowing them to live life securely and safely. The population is increasing regularly and it is being estimated that by 2021, the number would reach around eight million. The affordable home residential assignment has been specifically designed under MPD 2021. This project has been designed with the objective of providing top quality residential homes to the Delhi citizens. The Master Plan Delhi 2021 has been initiated by the Delhi Development Authority with the sole motive of solving the problems that might arise because of the large scale growth of population. The Delhi Development Authority brings MPD 2021 to the forefront in collaboration with the central and the state government for providing well-designed homes in the national capital.
Delhi serves as the hub for business places, political activities, educational institutions and various other facilities. The DDA came into being in the year 1957 for taking good care of the residential space requirements of the growing population and also for generating nee residential units with exclusive amenities. While the private development firm takes care of the interior development of the residential assignment, the DDA serves as the authority for taking care of the exterior development of the project in the most secured manner. Property developers in Delhi are into developing residential projects under the land pooling policy for providing homes to middle and lower-income group individuals.
There is the need of around twenty-four lakh housing apartments in Delhi. These apartments are required for accommodating around two million people. MPD 2021 aims at covering the gap in the demand for housing apartments in Delhi. Residential projects are being initiated under the land pooling scheme with the property developers offering homes at reasonable rates. This serves as the perfect solution for the people of Delhi. The subgroups comprise of administrators, political representatives, professionals, concerned departments, experts and local bodies.
One of the major problems in meeting the demands of the future is generating a large number of residential units. It is a challenge to come up with homes that can offer people the scope of enjoying safe and high-quality living. If professional teams are to be believed, approximately 24, 000 hectares of land needs to be developed on the form of residential township under MPD 2021 for dealing with the problems of top quality residential space. It is being estimated that the property developers can develop around 1 million homes in the next ten years while the land pooling policy carries the potential of developing approximately four million hectares of commercial, residential and public properties.
Property owners coming under PE and DE will have the eligibility to be of good help to the land pooling policy according to guidelines. One of the basic objectives of the MPD 2021 framework and formulation is making Delhi a top quality metropolitan city. One of the most high-profile property developers in this region is the Diamond Multi-State CGHS Ltd. The plan would feature the environment and the infrastructure required for superior quality life and high standard living. With LPA, Diamond Multi State CGHS successfully marks the growth contract for confirming LTC permission and for locating development license within the said format along with time limit.
Property developers in Delhi are now developing properties under Master Plan Delhi 2021. The Delhi Development Authority has come up with the project structure and layout schemes for different varieties of activities like residential township, commercial corridor and group housing assignment. As per the report, around twenty lakh housing units will be developed in different zones. MPD 2021 will be creating a large number of jobs at the same time while securing a flow of great employment opportunities in the city. The new land pooling policy that cones from DDA allows builders to obtain land from farmers and land owners. The policy serves in the form of a system that involves using pooled land for social and physical infrastructure development.