Delhi development body to conduct mini-draw for surrendered flats – ET RealEstate

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NEW DELHI: Delhi Development Authority (DDA) is planning to conduct a ‘mini-draw’ in July for those who had applied for a flat under the Housing Scheme 2021, but were kept in the wait list.

According to sources, out of the 1,354 flats offered in the scheme, nearly 300 flats have been surrendered by the original allottees, which would now be allotted to those in the wait list.

The DDA Housing Scheme 2021 was launched from January 2, to February 16, 2021, which saw 22,752 applications for the 1,354 flats on offer.

The draw of lots for the scheme was held on March 10 and the details of waitlisted applicants were uploaded on the DDA website.

The authority has now requested all the wait-listed applicants to deposit a registration amount as per their preferences in the application form of DDA Housing Scheme 2021 by June 30 through the DDA website.

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DDA sends draft Delhi master plan 2041 to centre for nod – ET RealEstate

NEW DELHI: Delhi Development Authority (DDA) is likely to put the Master Plan for Delhi (MPD) 2041 in the public domain next month. According to sources, the plan aims to make the capital ‘future-ready’.

The draft plan was given a preliminary approval in a meeting chaired by lieutenant governor Anil Baijal on April 13. Sources said that the final draft has been sent to the Union ministry of housing and urban affairs and following approval, will be put in the public domain for objections and suggestions.

The draft MPD has six sections in two volumes, covering major policies on environment, economy, transport and mobility, heritage, culture and public spaces, shelter and social and physical infrastructure. It contains strategies and specific norms for guiding future spatial development of Delhi, covering both green field and brown field development, including land pooling, green development area, regeneration of planned and unplanned areas, transit-oriented development (TOD) etc.

The document aims at making the capital a more sustainable, liveable and safe city, with housing for all and better economic opportunities. From focusing on rental housing to ensure affordable homes to eyes on the street’s for safety, the document takes national and international best practices into account.

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Jaquar’s Rajesh & Ajay Mehra buy three farmhouses in South Delhi for Rs 235 crore – ET RealEstate

Brothers Rajesh Mehra and Ajay Mehra, directors of India’s premium sanitary ware company Jaquar, have bought three farmhouses in Delhi’s Westend Greens for around Rs 235 crore, three people aware of the deal said. The farmhouses bought by Mehras, who entered Forbes India’s rich list in 2019, are spread over 2.5 acres each.

Sprawling farmhouses in and around the national capital are in demand with wealthy businessmen and executives looking out for more open spaces after being home-bound during the Covid-19 disruption. Over 50 transactions for such properties were closed in the past six months, compared with an average of two to three deals a month before the Covid-19 outbreak, according to property brokers in New Delhi.

“People are looking for open spaces and all the amenities within it so that they don’t have to step out even for outdoor games,” said Amit Goyal, CEO-India at Sotheby’s International Realty. “They prefer wellness and that is why farmhouses have been in demand in the last 6-7 months. With the farmhouse, you get swimming pool, kids play area, space for yoga and other outdoor activities within the complex, while you may have to step outside for these things if you were living in a posh condominiums at a city centre.”

The Mehras did not respond to ET’s email query.

According to the brokers active in the region, about 300 farmhouses ranging from Rs 10 crore to Rs 150 crore are on sale in areas such as Westend Greens, Sultanpur, Pushpanjali, Vasant Kunj, DLF Chhattarpur, Radhey Mohan Drive and Ansal Satbari.

“Besides purchase, there has been demand for rental properties also, as a lot of people want to shift to a farmhouse temporarily. The rents range from Rs 2 lakh to Rs 15 lakh a month,” said Pradeep Prajapati, head of luxury residential service IQI India.

According to property consultants, the Green Development Area (GDA) Policy approved by the Delhi Development Authority (DDA) will provide an integrated framework for ‘green-oriented’ development in the city and increase the supply of farmhouses in the capital.

The policy aims to regulate development in designated rural areas and green belts in the city.
Jaquar's Rajesh & Ajay Mehra buy three farmhouses in South Delhi for Rs 235 croreThe draft policy seeks to incorporate the low density residential areas (LDRA) of the capital where most of the farmhouses are located.

Encouraged by the growth in demand, many developers are planning to come up with gated colonies of farmhouses, where every need of buyer will be taken care of.

There are about 4,000 farmhouses in 18 villages in and around New Delhi, spread over half an acre to 2.5 acres.

Farmhouses come with more than just open spaces. They have facilities such as power backup, swimming pool, tennis court and space for other outdoor activities. Luxury farmhouses, such as those in Westend Greens, can cost as much as Rs 150 crore.

In satellite towns further from the Capital, there is an abundance of farmhouses and available farmland but due to the lack of credible developers, HNIs prefer to invest in Delhi.

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DDA gives preliminary nod to master plan-2041 for Delhi – ET RealEstate

NEW DELHI: The advisory council of the Delhi Development Authority (DDA) on Tuesday gave its preliminary approval to the draft Master Plan for Delhi-2041. The draft will now be put in the public domain for inviting objections/suggestions from the people of Delhi, said a DDA spokesperson.

The DDA has prepared a draft MPD-2041, giving more emphasis to a strategic and enabling framework for the future growth of the national capital. The MPD-2041 will come into effect soon after the MPD-2021 plan expires.

Under MPD-2041, the DDA has emphasised on policies such as transit-oriented development (TOD) and land pooling policy of MPD-2021. With a view to encourage eco-friendly development, the DDA has also formulated to regulate infrastructure and other works in villages that are located in the green belt on Delhi’s periphery as well as the low-density residential areas (LDRA).

The MPD-2041 is divided into two volumes and comprises sector-wise policies in the key focus areas such as environment, economy, public space, heritage, mobility and social and physical infrastructure etc.

It also included land pooling areas, green development areas, regeneration of planned and unplanned areas and strategic regeneration etc.

“Implementation of the MPD-2041 is the collective responsibility of all the agencies involved in the development of Delhi, including the Centre and the Delhi government, service providers, land owning agencies, regulators and local bodies, among others,” the DDA said in an official statement.

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