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L Zone - Overview

 

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L Zone

About L Zone

What is L zone?
 
As a step towards facilitating the growing need of housing in Delhi, the Delhi Development Authority (DDA) is working on the Master Plan of L Zone. Located in South-West Delhi and spread across 22,840 hectare of land, the L Zone is expected to give an impetus to the slow and stagnant real estate market of the national capital. It is close to IGI Airport and is strategically positioned between Dwarka and Gurgaon.
 
Under the development plan, the authority has divided Delhi into 15 zones wherein ‘L’ Zone is the largest and boasts Najafgarh as the only census town in the zone. “At present the zones are open for buying land, wherein the housing societies and private developers are coming forth with their investment plans. Where majority have already bought land, many are still looking to obtaining the necessary approvals from the authority,” says Partho Kunar, director, Suhaskrit, a Delhi-based consultant firm.
 
Once the approvals are received, the land owners of L Zone will submit the land to DDA out of which the authority will take 40 per cent of the total land area for development of roads, drainage, sewerage and other civic amenities. Once developed, the developers/housing societies will be allowed to start their construction plans.
 

About Dwarka Smart City

 
What is Dwarka Smart City? The Landscape of New Delhi is about the change in 2015 – the DDA has announced that work has started towards creation of three Smart Cities – Dwarka, Rohini and Narela in Delhi’s outskirts – for the creation of almost 21 Lakh new flats across various group-housing societies.
 
The creation of a smart city in Delhi is great news for the real-estate sector of New Delhi, especially the South-west Delhi, which is expected to get the largest share – almost 14-16 lakh flats out of the above number. Formally called as the ‘L’ Zone in Delhi (or just L Zone) in the Delhi Development Authority (DDA’s) master plan – this piece of real estate is an undeveloped stretch lying at a strategic position between Dwarka and Gurgaon, so it is also called Dwarka L Zone or Dwarka Smart City. Under the development plan, the authority has divided Delhi into 15 Zones – but the L Zone is the largest, and is almost entirely undeveloped – Najafgarh is the only census town in the entire Zone, so it is the most lucrative (commercially) real-estate as well.
 
It would be especially lucrative since it getting developed as a smart city. A relatively new concept in India, it means that the Dwarka Smart City would be developed as a technology driven space with world-class facilities including Hospitals, Schools, Commercial complexes, green spaces and energy-efficient structures getting uninterrupted power, water and wi-fi connectivity. While the private builders will provide things like parking lots, schools and hospitals, the DDA would be responsible for creating the base infrastructure – the road, the sewage and water treatment plants and green spaces.
 
Many housing societies and private developers like DLF, Omaxe, Ansal, Parshvnath, Tata Housing, Emaar MGF, Ireo, Raheja, Unitech, Godrej etc. are coming further with their investment plans, and majority have already bought land.
 

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Value Added Services

 

Government Housing Scheme

 

Banking

  • Prime Minister Awas Yojana
  • Prime Minister Awas Yojana ( Gramin )
  • Samajwadi Awas Yojana
  • Deen Dayal Jan Awas Yojana
  • Mukhya Mantri Awas Yojna Rajasthan
  • Affordable Housing Policy 2013
  • Smart Cities Mission
  • DDA Land Pooling Policy 2018

Banking Partners

 

HDFC

  • Corporation Bank
  • HDFC
  • IDBI Bank
  • LIC Housing Finance
  • Oriential Bank of Commerce
  • Reliance Home Finance
  • Bank of Baroda
  • SBI Home Loan
  • ICICI Bank Home Loan
  • India Bulls Home Loan
  • Axis Bank
  • PNB Housing Finance