IndustryLatest Stories

Dwarka Projects to Generate ₹29,000 Crore in License Fees for Delhi

NEW DELHI: The Delhi Development Authority (DDA) is poised to generate over ₹29,700 crore in the next 55 years by shifting focus from direct land sales to long-term land monetization. This strategy involves annual license fees from three key projects in Dwarka, aiming to enhance revenue while promoting urban infrastructure development. The three projects include a five-star hotel in Sector 23, Delhi’s inaugural Transit Oriented Development (TOD) project in Sector 22, and a 600-bed super-speciality hospital in Sector 9. This approach represents a significant shift in DDA’s operations, allowing it to unlock value from limited land resources without giving up…

InfrastructureLatest Stories

After 7 Years, Ghaziabad’s Master Plan Finally Approved

GHAZIABAD: After extensive drafting and four rounds of review over the past seven years, the Uttar Pradesh government has finally approved the unified Master Plan 2031. Covering an area of 33,543 hectares, the plan encompasses Ghaziabad, Modinagar, and Loni, and for the first time introduces Transit-Oriented Development (TOD) and Special Development Area (SAD) zones, facilitating a mixed-use model that promotes both residential and commercial growth. Officials noted that the plan prioritizes population forecasts and the housing, workplace, and urban service demands that will arise from these projections. Based on the NCR Regional Plan, Ghaziabad’s population is projected to nearly double…