MCD order to jack up property prices by 5-10%, recast Delhi housing format

An order by the Municipal Corporation of Delhi (MCD) will now allow residential redevelopment projects in the national capital to achieve a height of 17.5 metres without the need for no-objection certificate (NOC) from the fire department, provided the building has stilt floor as parking.



Prior to this order, residents or builders were allowed to construct buildings only up to 15 metres height where no fire NOC was needed. However, where the height exceeded the 15- metre cap, an NOC was required from the fire department.


Real estate and town planning experts say that with the new MCD order residents can look forward to more height, space and light in redeveloped buildings. However, it will also push up the cost of properties by 5 percent to 10 percent in the coming 1.5 to 2 years.


The new relaxation from the civic authority is likely to change the shape of real estate infrastructure in the city, as many upscale neighbourhoods, which are dotted with mansions and bungalows, are likely to witness construction of luxury apartments in place of these single or double-storey houses.

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