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India Business News: The Delhi Master Plan 2041 is expected to unlock real estate potential in 165 Delhi villages, potentially increasing Delhi's per capita income to Rs 4
The Delhi Master Plan is expected to unlock real estate opportunities in 165 Delhi villages, potentially raising Delhi's per capita income to ₹4 lakh, as per the analysis by think tank Delhi Consortium. This represents a 47% increase from the ₹2.72 lakh per capita income reported in the 2022-23 Economic Survey of Delhi.
Hyderabad, Kolkata and Noida account for 8%, 7% and 5% of the tall buildings in India, respectively. Gurgaon, Bengaluru, and Chennai contribute 1% each. Other tall structures in Delhi are the ATC Tower at 101.9 metres (on completion), the Pitampura TV tower at 235 metres, the Civic Centre at 102 metres and the Qutab Minar at 72.5 metres.
The flexibility offered by this amendment will attract both local and global enterprises, further propelling Haryana as an investment hotspot. “This will foster the growth of the commercial real estate segment. The move will create demand, leading to an increase in the prices of residential plots. As the decision allows people to open offices/commercial space on these floors, it will also drive up the rental value,” said Nayan Raheja of Raheja Developers.
Delhi High Court Single Benches In NCDRC: Delhi High Court Issues Notice To Examine NCDRC's Jurisdiction And Bench Constitution Case Title: NBCC India Limited vs. Randhir Singh Redhu and Ors....