The National Capital Region (NCR) may soon have 30,000 acres of land available for residential construction, if the government takes a few favorable steps in this direction. The Centre is planning to fast-track the resolution of disputes over NCR title deeds, which force developers to stay away. It has been estimated that NCR is short of 5 lakh housing units, and demand is growing at 1 lakh units a year. The move is likely to spark price correction, releasing over 2 million housing units. The exercise piloted by the urban development ministry and implemented by the NCR planning board, will begin by end of this year.
22 Sep 2010 The Financial Express
Tuesday, October 5, 2010
Govt May Unlock 30k Acres In NCR Soon
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