Confederation of Real Estate Developers Association of India (CREDAI) hailed the inclusion of three more districts in the National Capital Region (NCR) on July 2. Credai said the move will lead to additional supply of land for development. It cautioned, however, that the government prepare a master plan for development of the region or else builders will start accumulating land, leading to rise in prices.
The National Capital Region Planning Board (NCRPB) on July 1st included Bhiwani and Mahendragarh districts of Haryana and Bharatpur in Rajasthan in NCR. It is a futuristic decision with vast ramifications for NCR region. Reports foresee almost 11 per cent increase in urbanisation of this area by 2021 and to reduce the pressure on Delhi, there was urgent need to expand the area, CREDAI NCR president Anil Sharma said in a statement.
Sharma said it was essential to expand the area to meet the future housing needs. But, he cautioned that merely adding these areas to NCR will not serve the purpose unless infrastructure is developed in a rapid and planned manner.