CEO SPEAK - `NILP will help meet Haryana's goal of housing for all'
“As a development authority, we are trying our level best to sort out such problems with proper coordination between multiple authorities,“ Singh said.
Excerpts from the interview:
GURGAON HAS LIMITED LAND BANK AND OVERLOADED INFRASTRUCTURE; WHAT IS THE FUTURE OF THE MILLENNIUM CITY?
Gurgaon is far better than the other new cities that have come up in the country. Multidirectional developments in terms of infrastructural and commercial activities have promoted the residential segment that range from affordable to high-end and from low-rise to highrise houses.
The BPO and IT revolution in the area has supported high purchasing power. In terms of connectivity and proximity to Delhi, there is no match for this city. With ever improving facilities, a number of developers and investors are coming up with mega projects in Gurgaon.
RESIDENTS COMPLAIN THAT LACK OF SOUND INFRASTRUCTURE LEAVES BOTH SIDES OF THE MAIN HIGHWAYS AND SECTOR ROADS WATERLOGGED DURING THE RAINY SEASON.
We have taken up the task of improving internal infrastructure like widening of sector roads and ensuring 24-hour power supply, overhauling physical infrastructure like sewerage and drinking water on a war footing.
We are working on a new city development plan to free the city from heavy traffic. We have plans for construction of four underpasses at IFCO Chowk, Signature Tower Chowk, Hero Honda Chowk, and Rajiv Chowk. Three FOBs (foot over-bridge) on Delhi Jaipur Expressway starting from Rajiv Chowk to Kherki Daula Toll Plaza are already operational. In addition, more FOBs and subways have been planned to ease traffic movement.
We have designated proper parking sites at different points like Sector 29 to meet parking problems of fourand two-wheelers. As a part of improving social infrastructure, we are developing two parks--one in Sector 23 A, on 14 acres, and another in Sector 36, on 26 acres.
DWARKA-GURGAON EXPRESSWAY REGION IS ONE OF THE TOP REALTY HOTSPOTS FOR BUYERS AND DEVELOPERS BUT WORK ON IT IS DRAGGING ON.WHAT IS THE PROGRESS THUS FAR?
The Haryana and Punjab high court has vacated its stay order, which will pave the way for the construction of the remaining 2.5km stretch of Dwarka-Gurgaon Expressway. Work was stuck as landowners on this stretch went to court for a better remuneration and resettlement plan.
After the recent verdict, we are already acquiring the remaining stretch of land and will hand it over to a construction company.
According to the terms of the settlement, home and plot-owners will be entitled to alternative plots in Sectors 37 C or 110 A. As per the court order, we have decided to settle all legal issues by 2016.
HOW DO YOU PROPOSE TO MEET THE TARGET OF `HOUSING FOR ALL BY 2022'?
The recently announced New Integrated Licensing Policy (NILP) includes reduction in minimum area requirement to 25 acres from 100 acres; also, transferable development rights (TDR) and amendments done in the existing affordable-housing policy is a positive step to speed up infrastructure development and offer more housing in Gurgaon.
As a development authority, we are trying to foster a positive environment for all the stakeholders like promoters, developers, investors, etc, so that they have an incentive to invest in Gurgaon.
The reduction in minimum area requirement for housing projects under the new policy should spark interest in new developments, as the major hurdle in obtaining 100 acres of contiguous land has been removed.
The concept of transferable development rights (TDR) will allow land owners to monetize their land holdings at the current market price in residential sectors and for areas designated for external development works like sector roads, colleges, hospitals, fire station, open spaces, green belt, etc.
Changes done under NILP will prove a winwin situation for everyone including farmers, landowners, buyers, builders, and the government.