Real estate developers discuss proposals near a Delhi transit hub.
The National Real Estate Development Council (NAREDCO) has put forth a series of proposals aimed at revising Delhi’s Transit-Oriented Development (TOD) policy. The organization advocates for significant changes, including a reduction in the minimum size of apartments and the removal of price regulations, with the objective of revitalizing the residential and commercial real estate sectors within the city.
This initiative by NAREDCO seeks to address current market dynamics and unlock further investment potential in urban development projects that are integrated with public transportation hubs. By proposing a decrease in apartment sizes and relaxing price controls, NAREDCO believes it can encourage more developers to undertake projects under the TOD framework, thereby increasing the supply of housing and commercial spaces and potentially making them more accessible.
The proposed adjustments are intended to create a more conducive environment for real estate investment and development in Delhi, aligning with the broader goals of sustainable urban planning and economic growth. The organization’s suggestions are expected to be reviewed by policymakers, potentially influencing future iterations of the TOD policy.
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