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Narela is going to undergo next housing boom

No Comments Sub Category:Realty News Posted On: Sep 24, 2014

Narela could be the next major housing hub in the capital with DDA focusing its resources on developing over 20,000 flats here over the next 2-3 years. The Authority has listed more than 6,500 flats of the total of 25,000 flats offered in its current scheme in Narela.

Now, in a presentation made to the urban development minister, DDA has offered to construct 25,522 flats. One half of that number will come up in Narela. In a recent presentation made to the urban development minister, Venkaiah Naidu, DDA listed 12 locations where they plan to construct these flats. Of them, 12,753 flats will be built in Narela.

According to DDA vice-chairperson Balvinder Kumar, Narela will be the best bet for flat aspirants in years to come. Most of the land elsewhere in Delhi is already occupied. So we have decided to put in all efforts to exploit the options in developing Narela. The UER-II, an Urban Extension Road which starting from the Wazirabad bypass will connect national highways 1, 10, 8 and 2, also passes by the area. Besides, the place is important in the context of land pooling, Kumar said.

Source: The Times of India

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