Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

DDA to focus on housing for the poor

Dec 03 2012, 10:27 IST
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SummaryNearly 14 lakh houses will come up in five new zones, called urban extensions

Nearly 14 lakh houses will come up in five new zones, called urban extensions

In order to tackle the shortage of houses in the city, the Delhi Development Authority (DDA) has begun a survey to identify land for low-income group (LIG) and middle-income group (MIG) housing in the Capital.

According to senior officials, DDA would concentrate on LIG and MIG housing wherever land is available. The land agency has not come up with new housing schemes since 2010.

“The process of identifying land available for constructing LIG and MIG houses has begun. We are planning to construct such housing projects on smaller plots where 500 to 700 flats can be made. This is necessary to meet the housing requirements of the city,” a senior DDA official said.

Under DDA’s 2010 housing scheme, buyers were supposed to get possession of most of the

16,000-odd flats by end of 2011, but the land agency is still completing the process of handing over flats to successful allottees.

“The emphasis is on constructing houses for the economically weaker sections to prevent more unauthorised colonies from cropping up in the city. Urban Development Minister Kamal Nath said 1 lakh EWS houses should be built every year. We are trying to achieve this target,” the official said.

Delhi has nearly 1.7 crore residents, according to official estimates. Master Plan-2021 projects that the population will swell to nearly 2.3 crore by 2021, and estimates that an additional 24 lakh houses will be needed.

Nearly 14 lakh of these new houses will come up in five new zones called urban extensions, created in fringe areas under the Master Plan. These are near Najafgarh in Southwest Delhi; Chhattarpur in South; Kanjhawala beyond Rohini in Northwest; near Nangloi and to the east of Narela along the Yamuna in North. But work on these urban extensions has been put on hold as the DDA is looking at land pooling instead of acquisition for the city’s growth.

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