More skyscrapers for Delhi on the horizon
There has been considerations regarding verticalisation of Delhi in the new master plan for 2021 by allowing higher floor area ratio (FAR) in the city.
The aim behind such plan is to increase housing stock and rejuvenate some old commercial areas.
Property rates in Delhi, especially in the south and central parts, have soared to a level which is comparable to those in cities like New York and London.
As the city’s population of 17 million, these unsustainable prices and lack of vertical development have compelled home buyers to move towards new urban conglomerations around Delhi like Noida, Gurgoan, Ghaziabad, Faridabad, etc. Developers believe that the only way to bring down the prices is by increasing supply in Delhi.
Faridabad, floor area ratio(FAR), Ghaziabad, Gurgoan, increase housing stock, New Delhi, Noida, Property rates, Real estate in India, Realty News, urban conglomerations
[...] More skyscrapers for Delhi on the horizon [...]