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An analysis conducted by the Delhi Consortium think tank indicates that the approval of Delhi Master Plan 2041 is expected to generate a substantial economic opportunity valued at USD 100 billion over the next two decades. This potential growth is driven by intensified development activities, with private sector investments playing a significant role in urban development and knowledge-based industries.
Delhi Consortiums, a specialist in real estate advisory, project acquisition, and development under the Delhi Master Plan MPD 2041, is at the forefront of this endeavour. The approval of policies such as the Green Development Area (GDA) Policy, Land Pooling Policy, and Urban Regeneration initiatives, especially in areas bordering developed sectors like Gurugram, Dwarka, and the Central Business District (CBD), is eagerly awaited by institutional investors and global capital.
Upon the approval of MPD 2041, Delhi is poised to embark on a massive development project covering approximately 57,000 hectares, positioning itself as a key services hub serving a population exceeding 3.2 crore within the next two decades. This transformative initiative will unlock real estate opportunities across 165 Delhi villages, ultimately boosting Delhi's per capita income to INR 4 lakhs—an impressive 40-45% increase from the INR 2.72 lakhs reported in the 2022-23 Economic Survey of Delhi.
Delhi is home to nearly 10,000 unauthorized colonies, a substantial figure among global capitals. These settlements remain unregulated, resulting in the government missing out on potential revenue sources such as registration fees and development charges. MPD 2041 aims to rectify this situation while enhancing the city's social and physical infrastructure to address concerns related to unauthorized colonies.
In summary, the approval of Delhi Master Plan 2041 is expected to unlock significant economic opportunities and transform the city into a major service hub. This development initiative has the potential to substantially increase Delhi's per capita income and address issues related to unauthorized colonies. Furthermore, it is anticipated to attract renewed investor interest and drive real estate development in line with international standards.
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