Delhi master plan that is also termed as MPD 2021 is recognized well among the property buyers and investors as a urban development plan that can change urban landscape of Delhi and pave a new path of city development in India. Marked by DDA Land Pooling Policy and smart city vision, the Delhi Master Plan has special focus on the strong transportation networks, infrastructures and environment based services integrated into these residential projects.
For a project of such a massive magnitude infested with roads, water and sanitation networks and transportation system, there, a huge chunk of finances are required, however, they puts further pressure on the economy.
To ease out the financial problem, the department of Economic affairs and the ministry of Finance held discussion with the Delhi Government and decided to adopt the renowned Public Private Partnership Model as already popular in many countries. As a public private partnership infrastructure services for their citizens and economies at a reduced cost. It is also a great way for the public sector to transfer project based risks to the private sectors.
The Efficient Software Modeling can be Done by the Following Way and Manner.
•The first step to activities is planning that include identification of lands that will undergo sectional development. Then the government select out the related land structure of the city and then further recognize the entire illegal housing in the area for the re-construction. The recognition of the zone has already been occurred and 7 different zones- J (15,178 ha), K-I (5782 ha), K-II (6408 ha), L (24,840 ha), N (13,975 ha), P-I (9866 ha), P-II (8534 ha) has been identified.
•However, after, the recognition of land area, the government has decided to allow the land pooling policy, where, private players are allowed to procure land from the private builders. Further, the policy, has provision, where land owners can bring together their land for the growth of infrastructure and once the development process ends, the authority will redistribute the land after withholding some portion as compensation towards infrastructure costs.
•With the PPP model it has been estimated that private players will now on will be allowed to participate in the development activities. The real estate prodigies of the industry will bring the ambitious infrastructural development into effect. The development according to an estimation offer job nearly to about 25 lakhs of citizens.
Last and the most important part of the PPP Model Delhi is acute monitoring of the project by Delhi Development Authority (DDA) that can ensure the best and error-less working of the project.
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