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Delhi’s 2041 master plan offers $ 100 bn opportunity

2023-10-11

The think tank reported that the Delhi Master Plan 2041, which is still pending final government clearance, was expected to generate economic opportunities, totaling $100 billion over the next two decades.

According to the analysis by the think tank Delhi Consortium, it was anticipated that the Delhi Master Plan would unlock real estate opportunities in 165 Delhi villages. This had the potential to raise Delhi's per capita income to Rs 0.4 million marking a 47 per cent increase from the Rs 02.72 million per capita income, reported in the 2022-23 Economic Survey of Delhi.

The founder-director of the think tank Ramesh Menon pointed out that there was an urgent need for the approval of Delhi Master Plan 2041. He mentioned that the Delhi Land Reforms Act 1954 posed the largest obstacle to the planned development of Delhi. He also expressed concern about the discretionary use of the 1954 law by administrative officers in the revenue department which did not instill confidence among stakeholders.