DDA L Zone has emerged as new sought after real estate destination in Delhi NCR in last few days. Both real estate investors as well as end users are eying on DDA’s L Zone, Delhi to invest or have their dream home.
In all this hustle-bustle, a lot of questions must be there like :
In all this hustle-bustle, a lot of questions must be there like :
- What is DDA L Zone and Where is it?
- Land Pooling Policy !! What is it ?
- Should one put his/her money in it ?
Lets know all about it:
What is L zone and were is it?
"L Zone, Delhi" is located in South-West Delhi and spread across 22,840 hectare of land. It is located in very close proximity to Dwarka Sub City and Gurgaon. It also enjoys well connectivity and closeness to IGI Airport. DDA is developing it in order to meet the growing need of residential apartments in Delhi.
DDA, under its Master Plan 2021 has divided Delhi into 15 Zones for development. L Zone is one of them as the largest zone as well the zone with proposed 1st Smart City of Delhi NCR. Its strategic connectivity to IGI, Gurgaon, Dwarka expressway and Dwarka Sub City gives it an edge too.
What is L zone and were is it?
"L Zone, Delhi" is located in South-West Delhi and spread across 22,840 hectare of land. It is located in very close proximity to Dwarka Sub City and Gurgaon. It also enjoys well connectivity and closeness to IGI Airport. DDA is developing it in order to meet the growing need of residential apartments in Delhi.
DDA, under its Master Plan 2021 has divided Delhi into 15 Zones for development. L Zone is one of them as the largest zone as well the zone with proposed 1st Smart City of Delhi NCR. Its strategic connectivity to IGI, Gurgaon, Dwarka expressway and Dwarka Sub City gives it an edge too.
Land Pooling Policy, what is it ?
Under land pooling policy, land owners can surrender their land holding into central pool and be a stakeholder to the development proposed on their land. Once the land is pooled, the land owner would get back 40-60% of total land surrendered as developable land. DDA would have remaining area for development of roads, drainage, sewerage and other civic amenities. Once developed, the developers/housing societies will be allowed to start their construction plans.
Land pooling policy has been approved by the Gazette Notification no. 2076 dated 6th Sep 2013, and process of surrender and approval of individual project is awaited.
Read More Here
Should one put his/her money in DDA L Zone ?
L Zone, Delhi is a very good opportunity for both home buyers as well as investors as its in early stage of planning. Home buyers can avail early bird opportunity and can own their residential apartment in this premium location that too at affordable price. The investors can also look ahead for greater returns from their investments.
It seems to be the right time to invest in L Zone under the DDA Master plan 2021, however one should keep in mind that actual implementation of the plans on ground may take some time. After all, Rome wasn’t built in a day. So, With a willingness to wait for some years for the investment to grow, real estate investors can get remarkable return on their investments.
In brief : DDA L Zone is a happening to be a highly sought after residential zone in the coming five years. It is emerging as most sought after real estate investment destination in Delhi and if any time is the ideal time to invest in property in DDA L zone, the time is now.
Under land pooling policy, land owners can surrender their land holding into central pool and be a stakeholder to the development proposed on their land. Once the land is pooled, the land owner would get back 40-60% of total land surrendered as developable land. DDA would have remaining area for development of roads, drainage, sewerage and other civic amenities. Once developed, the developers/housing societies will be allowed to start their construction plans.
Land pooling policy has been approved by the Gazette Notification no. 2076 dated 6th Sep 2013, and process of surrender and approval of individual project is awaited.
Read More Here
Should one put his/her money in DDA L Zone ?
L Zone, Delhi is a very good opportunity for both home buyers as well as investors as its in early stage of planning. Home buyers can avail early bird opportunity and can own their residential apartment in this premium location that too at affordable price. The investors can also look ahead for greater returns from their investments.
It seems to be the right time to invest in L Zone under the DDA Master plan 2021, however one should keep in mind that actual implementation of the plans on ground may take some time. After all, Rome wasn’t built in a day. So, With a willingness to wait for some years for the investment to grow, real estate investors can get remarkable return on their investments.
In brief : DDA L Zone is a happening to be a highly sought after residential zone in the coming five years. It is emerging as most sought after real estate investment destination in Delhi and if any time is the ideal time to invest in property in DDA L zone, the time is now.
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The new urban landscape envisaged to be developed in L zone of Dwarka is a major initiative taken in the field of urban housing by DDA through new Land Pooling Policy in Delhi.
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