Following are some important highlights of the project:
Decreases in the minimum area for a farmhouse – Previously, where at least 2.5-Acres of land was a minimum requirement for farm houses, now an LDRA can be located in as small as 1-Acre only.
Increase in construction area – This is a much bigger relief for people looking to own a farmhouse as now one can construct a maximum of 8712 Sq.ft. against the previous permission of a meagre 1000 sq. ft. of construction.
Farm Land will come in Delhi’s Jurisdiction – The one thing which makes it a real comparison is that these LDRA's will be located in Delhi. It won’t be in Gurgaon or on the outside of Delhi’s peripheral. In the municipal limits of Delhi and away from the urban city, it has one of the perfect location for anybody to own a Farm House.
Unbelievably Low Price – In Delhi, the current farm houses are mainly in South Delhi and Greater Kailash, where the prices are not less than 50-Crores for a single Farm House. But now, a real golden practical chance is coming as the prices of LDRA are as low as 4-5 Crores. In the future, it will be close to the Delhi Smart City (L-Zone).
Therefore, Delhi is giving a chance to everyone to own a bungalow where your coming many generations could enjoy the work you do now. One should be vary of the fact that these LDRA are limited in quantity, unlike LPP’s 2.5 million houses. Thus, quick decision making is the need of the hour to get the deal of a lifetime. It is also highly profitable for investing purpose as experts are of the view that 8 to 10 times return could be expected until the completion of MPD-2021.
The Delhi government is providing a good chance to people who are thinking of owning a Farm House. However, one should keep in mind the fact that these LDRA are limited in quantity. So, a quick decision must be made for getting the deal of a lifetime.