In the form of a major step forward towards meeting the growing requirements of accommodation throughout Delhi, the DDA or the Delhi Development Authority is carefully working on the Master Plan of Delhi L zone. The Delhi L zone is located in South-West Delhi and it covers an area of around 22, 840 hectares. This zone is being considered to offer a huge impetus to the otherwise stagnant and slow real estate market of Delhi. This area lies very close to the IGI Airport. It is strategically located between Gurgaon and Dwarka.
There are a number of things that you need to keep in mind if you are thinking of investing in property anywhere in Delhi.
Under the MPD 2021, the DDA has divided the national capital into 15 different zones among which the L zone is the largest zone with Najafgarh being the only census town in the area. All the 15 zones are open for the people to buy land and it is being found that a large number of private developers and housing societies are interested in investing in properties in these zones. There are many who have already purchased land while there are others still in the look out of obtaining the important approvals from responsible authorities. Once the interested buyers are successful in obtaining the approvals, they will be submitting the land to DDA for the authority to take 40% of the land for the development of drainage, sewage, roads and various other civic facilities. Housing societies and developers can start with their respective construction plans once they are developed
Important Guidelines for the Buyers
As per properties news in Delhi, in the category of people interested in investing in DDA L zone projects, there are basically two types of buyers and they are home buyers and land buyers. It is important for the land owners to go through the land pooling policy in full details prior to buying land falling under the residential area. On the other hand, it is necessary for the home buyers to ensure that the property developer possesses the required approvals as per master plan Delhi 2021. For the home buyers, this is an early investment and therefore they should know the land pooling policy as well.
Investment should be Made Carefully
If properties news in Delhi are to be believed, investments in Dwarka smart city DDA L zone projects need to be made carefully. This is due to the fact that Dwarka smart city is still in its development phase and therefore investors might get the advantages of being first-comers. The housing projects in Delhi L zone are under the master plan Delhi 2021 and therefore it is necessary for the both the home buyers and the land buyers to have a general idea about the land pooling system which is not yet in practice. Investing in properties at L zone and even in properties like Antriksh Jade Greens is always a good option especially during this time when land prices are soaring high. Antriksh Jade Greens is yet another luxurious but affordable housing project that has come up by the Antriksh Group and it is fast gaining huge popularity.