A home is the basic requirement of every individual on this planet allowing people to live in complete security. With the rising trend in population, it is being expected that the population might reach eight million by the year 2021. Affordable housing scheme has been specifically designed for providing top quality residential homes to the people of Delhi. This project has been designed by way of the master plan Delhi 2021. The MPD 2021 has been framed by the Delhi development Authority with the sole motive of solving the problems that arise due to the growth in population. The MPD 2021 has been brought about by the Delhi Development Authority in close collaboration with the central and the state governments for providing well-designed homes to people across Delhi.
Delhi serves as the center for business activities, political activities and a large number of schools and colleges. It was in the year 1957 when the Delhi Development Authority came into existence. The authority was established for looking after the requirements of residential units among the growing population and also for generating new residential units with exclusive facilities. While the interior development of a residential project is taken care of by the private development groups, the Delhi Development Authority takes care of the exterior development of a project in the most secured way. Builders across Delhi are developing residential units according to the land pooling policy for making it easier for the middle-class and low income group individuals to own a home in the national capital.
The Master Plan Delhi 2021 has been framed with the objective of covering the gap that exists between the demand and the supply of residential units. The residential units fall under land pooling scheme with the developers offering homes at affordable rates. This comes as the right solution for the Delhi residents. There are subgroups consisting of administrators, political representatives, professionals, concerned departments, experts and local bodies.
The most significant problem is meeting the requirement of future residential spaces by creating residential townships. Developing residential units should be aimed towards helping people find safe and high quality living spaces. According to the expert teams, above 24, 000 hectares of land needs to be developed for the purpose of creating residential projects under Master Plan Delhi 2021. This will help in dealing with the problems of high living standards. The land pooling policy comes with the potential of resulting in around four million square feet of commercial, public and residential categories development. Real estate developers thus get the ability of building around 2 million units in the future.
The owner of the property referred to as PE or DE must have the eligibility of going by the land pooling policy according to guidelines. One of the most important principles guiding the framework and the formulation of the Master Plan Delhi 2021 is transforming Delhi into a top class metropolitan city. One of the most popular builders in this region is Diamond Multi State CGHS Ltd. The plan has the environment and the infrastructure required for conducting people into living a superior quality and high standard life. The Diamond Multi State CGHS marks the development contract with LPA and even confirms LTC permission.
The Delhi Development Authority has come up with assignment layout plans for different varieties of activities like residential township, commercial corridor and group housing developments. The retail stores and offices are one of the most important elements of this planning. As per reports, above twenty lakh residential homes will be built in different parts of Delhi. It is being apprehended that the Master Plan Delhi 2021 will also be creating huge job opportunities while securing the flow of a large number of individuals to the city. The land pooling policy by DDA makes it possible for builders to obtain land from farmers and property owners with proper documents. The policy works in the form of a system whereby pooled land shall be used for social and physical infrastructure development.