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?
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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There is no certainty in tomorrow, but a close analysis of DDA L Zone cycles is surely a step in the right direction.Now L zone area offers the largest green belt available in Delhi
ReplyDeleteNice information, There is obviously a lot. l zone dwarka smart city
ReplyDeleteYour points are very valuable and knowledgeable. Thanks for sharing this great blog with us.
They are the best in L Zone and unquestionable perfection in development of international standard homes.
ReplyDeleteThe new urban landscape envisaged to be developed in L Zone Dwarka is a major initiative taken in the field of urban housing by DDA.
ReplyDeleteSee good investment project near to delhi see L Zone Dwarka project.
ReplyDeleteInformative blog post about DDA L zone. As we know L zone is one of the most sought zone among buyers. Know more about L zone, visit https://www.comparecasa.com/l-zone-delhi
ReplyDelete