Smart City Project to Come Up Before Cabinet on April 22, 2015

The ambitious “Smart City” project of the NDA government is likely to be brought for Cabinet’s approval on April 22, sources said. The project, which is close to Prime Minister Narendra Modi’s heart, got a go-ahead from the Expenditure Finance Committee (EFC) last week.
To begin with, the “Smart City” project would include 20 cities and the number would subsequently go up to 100.
Every city has been earmarked Rs 100 crore each for the project. The project has been at a consultative stage since the NDA government announced it in May 2014.
“A Cabinet note has been prepared for the Smart City project and is likely to come up for approval on April 22,” said a senior UD ministry official. Prime Minister Modi is presently on a three-nation tour and the next Cabinet meeting is expected to be held on April 22 when he returns.

 

Apart from the Smart City project, the new urban renewal mission is also likely to be taken up by the Cabinet. While Rs 2,000 crore has been allocated for the Smart City project, the urban mission has got Rs 4,000 crore for the current fiscal, as per the EFC.
Aiming at upgrading the basic infrastructure in cities, the new urban renewal mission, which replaces UPA’s flagship JNNURM, is likely to be named “Atal Mission for Rejuvenation and Urban Transformation” (AMRUT) after former Prime Minister Atal Bihari Vajpayee. The official, however, said no such name has been finalised yet.
The proposed urban mission will take up projects related to sanitation, drinking water, urban transportation and sewerage among others.
As far as the Smart City project is concerned, it will be mostly taken up with active participation of private players and partnership with state governments and urban local bodies.
Continuous supply of water and electricity, advanced health facilities, hassle-free transportation system, wi-fi enabled zones, effective garbage collection and treatment of garbage and sewage are some of the essential components of the Smart City project.
The urban local bodies will have to undertake certain reforms in order to be eligible to be part of the Smart City project, the official added.

Source: Indian Express

Date : 15th April 2015

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DDA To Make Farmers Aware of Land Pooling Policy

With a man­date to under­take urb­an­iza­tion through its land pool­ing policy, the Delhi Development Authority (DDA) will be coordinating with vari­ous agen­cies to impart train­ing and spread aware­ness among farm­ers whose land may fall under the land pool­ing policy in Delhi. The policy is set to be noti­fied by the Central gov­ern­ment soon.
According to the 2021 Delhi Master Plan, the DDA has been man­dated to under­take urb­an­iza­tion of about 20,000 hec­tares of land, which can accom­mod­ate a pop­u­la­tion of about five mil­lion, through this policy.
These agen­cies could be either NGOs or private bod­ies who have the requis­ite know­ledge on the issue of land.

Under this policy, offi­cials said the private sec­tor would be respons­ible for assem­bling land which would then be made avail­able to the DDA for redevelopment.
The depart­ment will be respons­ible for the over­all plan­ning and redevel­op­ment of the land in a time-bound man­ner while encour­aging the par­ti­cip­a­tion of the private sector.
The redevel­op­ment could range from con­struct­ing group-housing soci­et­ies and provid­ing infra­struc­ture to the farmers.
“We have noticed that about 50 to 60 per cent of the farm­ers in the state are not aware of the policy. Therefore, we have decided to develop a strategy wherein farm­ers can be edu­cated and can par­ti­cip­ate in the devel­op­ment pro­cess to avail the bene­fits of the policy for their prosper­ity,” a senior DDA offi­cial said.
Explaining the concept fur­ther, the offi­cial said, “There is a need to con­sult agen­cies which can spread aware­ness about the policy and encour­age inter­ested farm­ers to provide their land for redevel­op­ment. For instance, in case a farmer is will­ing to give about 10 acres of land we may develop 48 per cent of it and the remain­ing may be util­ised for infra­struc­tural devel­op­ment like con­struc­tion of roads. The farm­ers should be will­ing if the policy is explain­ing prop­erly, since land lies under-utilised in many areas. The bar­ren land may be used for bet­ter pur­poses which will only profit the farmers.”
The offi­cial said that the agen­cies’ job would be mainly to inter­act with farm­ers at the vil­lage level and spread aware­ness, and assist them in apply­ing for the policy through proper documentation.

Source: Indian Express
Dated: 7th April 2015

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Delhi’s Smart City - Spain Spells Out Technical Terms

Following Prime Minister Narendra Modi’s announcement to set up 100 ‘smart cities’, beginning with the national capital, Spain has presented a Memorandum of Understanding (MoU) to spell out the technical support it will offer to the Ministry of Urban Development for construction of the world-class project.
Reportedly, Urban Development Minister Venkaiah Naidu had held a meeting with officials of the ‘Barcelona Regional’ five months ago after a brief visit to Spain to seek “technical expertise” to construct the smart city, which will be spread over 20-24 hectares.

 Sources said officials from Spain met the vice-chairman of the Delhi Development Authority recently with the MoU, explaining the terms of cooperation, which the department will now process and submit to the urban development ministry.
According to the MoU, the coordinators for the project will be the Ministry of Economy and Competitiveness of the Government of the Kingdom of Spain, ICEX Spain Trade and Investments and the urban development ministry.
Sources said the memorandum states that expertise will be provided on issues of urban planning and management, infrastructure, water management, housing, waste management, mobility, energy and utilities, sanitation, environment and public goods and services.
Sources said a Joint Working Group meeting will be held alternatively in India and Spain every year, as part of the terms.
“The project has been proposed to de-congest the capital and facilitate it with all amenities. Focus will be to build global educational and health institutes and entertainment facilities. The city will be zoned out of Dwarka, Rohini and Narela and will be equipped with the latest technologies and waste management techniques,” a ministry official said.
Twenty-four hours’ water supply, WiFi, green technology, rainwater harvesting and waste management techniques will also be part of the project. Naidu, at a public function, had said apart from its modern buildings and the fact that it is an “advanced city”, Barcelona “has preserved its old architecture. We also want to preserve our traditional architecture, that India is so richly endowed with, even as we embrace modernity”.
Source: Indian Express
Dated: 6th April 2015

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Land-Pooling Policy of MPD 2021: Vision for Smart Delhi - Report By NIIF

Conference on Land Pooling titled "Land-Pooling Policy of MPD 2021: Vision for Smart Delhi" was held on 13 December, 215 at Le Meridian by New India Initiative Foundation (NIIF) supported by Delhi Development Authority (DDA). The confrence discussed about Hon'ble PM Sh. Narendra Modi's vision of setting up 100 smart cities as well as renewal of 500 existing cities including Delhi.
Various questions, that were addressed in the conference were:

• Is Delhi ready for such a makeover?
• Will a common man get a house at affordable price?
• How will land owners in different parts of Delhi, developers, infrastructure providers, service providers and DDA covert to deliver a workable solution under the Policy to create Smart Delhi?

Here is a detailed report by NIIF about the various topics covered in the conference. 

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DDA L Zone - FAQs

DDA L zone, Delhi, has become a hot area in the last couple of months of 2015. Say it end user or the real estate investor, both are looking forward for making a long term investment in Delhi L Zone. However, a lot of questions are still there which are rushing through minds of people, for e.g. What is location of DDA L zone,  what is land pooling policy and whether it is worth investment?
Let's see what experts say about it.

What is L zone and where is it?

DDA has divided Delhi into fifteen zones for development. L Zone is one of these zones with smart city. DDA L zone is located in the South Western part of Delhi, in very close proximity to Dwarka Subcity and Gurgaon. It also enjoys a very close proximity to Dwarka Sec 21 Metro Starion, IGI International Airport and upcoming Dwarka Expressway. Its proximity to Gurgaon, Dwarka expressway, Dwarka sub city, and IGI Airport gives it a good position for upcoming residential development. It has an extent greater than 22,840 hectares of land that meets residential needs of people who wish to invest comparatively low amounts but for great benefits far into future.

What is land pooling policy? Under the Land Pooling Policy, the land owners can surrender their land into a central pool and be a stakeholder in the development that occurs on the land. Once the land is pooled, the land owner would get 40-60% of the total given land as developable land (Read Details Here). DDA would retain the rest of the area for development of roads, sewage facilities, civic amenities and other public utilities. Once these facilities are developed, developers and housing societies will be allowed to start their construction activities. Land Pooling policy has been approved and the process of giving up of land and approval of projects is being waited for.
 

Is DDA L Zone worth investing?

L zone is a good place for new home buyers as well as investors to make residential real estate development. It is being considered as hottest real estate destination in Delhi/NCR as this is still in early stage of planning. However, the whole deal depends on a lot of speculation which is governed by political factors. Actual implementation of the regulations will take some time and hence, patience is the key factor here. The investment can be liquefied on a short term basis.

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CRE Solutions

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