House construction may get costlier in south, east Delhi
Real Estate

House construction may get costlier in south, east Delhi

South and East Delhi residents contemplating the construction of residential buildings may soon find themselves facing higher costs. The Municipal Corporation of Delhi (MCD) is in the early stages of planning to introduce "compensatory regulatory charges," a fee that was previously only enforced in North Delhi by the former north corporation.

The proposed fee structure will be based on the built-up area of new residential buildings or extensions made to existing residential structures. According to senior MCD officials, these charges will be applied during the approval process for building plans.

Historically, prior to the unification of MCD, compensatory regulatory charges were exclusive to North Delhi, where they were required when seeking approval for new constructions. This encompassed both entirely new structures and additional constructions planned as extensions to existing buildings.

The expansion of these charges to South and East Delhi signifies a potential increase in construction expenses in these areas. This development reflects changing regulations aimed at managing urban development within the city. As a result, developers and residents engaged in building projects and seeking approvals in these regions will need to adapt to this evolving landscape.

South and East Delhi residents contemplating the construction of residential buildings may soon find themselves facing higher costs. The Municipal Corporation of Delhi (MCD) is in the early stages of planning to introduce compensatory regulatory charges, a fee that was previously only enforced in North Delhi by the former north corporation. The proposed fee structure will be based on the built-up area of new residential buildings or extensions made to existing residential structures. According to senior MCD officials, these charges will be applied during the approval process for building plans. Historically, prior to the unification of MCD, compensatory regulatory charges were exclusive to North Delhi, where they were required when seeking approval for new constructions. This encompassed both entirely new structures and additional constructions planned as extensions to existing buildings. The expansion of these charges to South and East Delhi signifies a potential increase in construction expenses in these areas. This development reflects changing regulations aimed at managing urban development within the city. As a result, developers and residents engaged in building projects and seeking approvals in these regions will need to adapt to this evolving landscape.

Next Story
Infrastructure Urban

Afcons shares gain momentum with Bhopal Metro Line 2 project

Afcons Infrastructure made a quiet debut on the stock market on Monday but quickly gained momentum after emerging as the lowest bidder for the Bhopal metro project line 2 package.The Bhopal Metro Phase 1 project’s 12.915 km Blue Line (Line-2) will link Bhadbhada Chauraha and Ratnagiri Tiraha, spanning 13 elevated stations. This package, issued by the Madhya Pradesh Metro Rail Corporation (MPMRCL), involves constructing all 13 stations of the Blue Line’s viaduct. The depot will also be shared with the Orange Line (Karond Circle to AIIMS) for maintenance and stabling purposes.Afcons’ exten..

Next Story
Infrastructure Transport

Locals urge CM to opt for road bypass over flyover at Dandeavaddo

Chinchinim villagers respectfully requested Pramod Sawant, Chief Minister, to instruct the Public Works Department (PWD) and the National Highway authorities to construct a road bypass instead of a flyover on the Dandeavaddo stretch of NH66. The villagers, led by Sarpanch Frank Viegas and Velim MLA Cruz Silva, also raised the long-standing issue of building the Chinchinim Panchayat Ghar and a multi-purpose project on panchayat land that was acquired more than 15 years ago. The delegation met the Chief Minister at the St. Sebastian Chapel junction in Chinchinim as he was returning home from a..

Next Story
Infrastructure Transport

MLA Yashpal Suvarna Announces Malpe-Udupi Highway Construction from Nov 6

MLA Yashpal Suvarna instructed officials to commence work on the Malpe-Udupi Highway on Wednesday. A meeting took place, attended by MP Kota Shrinivas Poojary, Udupi MLA Yashpal Suvarna, and Kaup MLA Suresh Shetty Gurme, to discuss the National Highway 169A project, which spans from Malpe to Udupi, covering areas like Hiriyadka, Parkala, and Perdur. The project had experienced delays due to incomplete land acquisition, but compensation notices have now been issued to the landowners. Of the 214 land acquisition files, 19 pertain to government land, while 195 involve private owners. Notices ha..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000