DDA's Master Plan 2021 to check realty prices in Noida, Gurgaon

Hailing the 2021 Master Plan of Delhi Development Authority ( DDA) that envisage Land Pooling Scheme (LPS), the NCR developers have opined that it would help in checking the skyrocketing prices of housing units in Delhi as well as NCR. The industry insiders opined that these would be at least 15-20 percent cheaper as compared to the projected prices of the realty properties in next three to four years because it is aimed at hitting the demand-supply constraint both for developers and the end user.
Anshuman Magazine, CMD, CBRE, South Asia Private Limited said, "The Delhi Master Plan 2021 is arguably the largest real estate opportunity in terms of state assurance and demographic demand for urban growth and development in the country." He added, "The recently sanctioned Land Pooling Policy is perhaps the first of many such state initiatives. Such schemes will help in solving issues related to the availability of land for necessary real estate development and infrastructure formation for India's ever-increasing urban population-especially for the creation of urban green spaces, open public spaces and mass housing for EWS and low-income groups. There are as yet vast growth opportunities in the country's realty sector."

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