How New Taskforce Proposals Could Revive Delhi’s Real Estate Market

New Delhi: The joint government-industry taskforce on real estate reforms has submitted a detailed report proposing transformative measures to simplify regulations and bolster investor confidence in Delhi’s property sector. Among the key recommendations is a reduction in amalgamation charges for integrated commercial schemes from 10% of circle rates to just 1%, a move designed to remove a significant barrier to development. The taskforce advocates allowing default redevelopment of group housing, DDA residences and cooperative societies that are over 50 years old or have failed structural audits, and calls for relaxing the existing four-hectare minimum area norm for redevelopment eligibility. To expedite approvals, it proposes a single-window fast-track process for land amalgamation, layout clearance by a DDA screening committee and removal of mandatory MCD layout approval for individual plots unless land-use changes are sought.

Sustainable construction is incentivized through an additional 1–4% ground coverage and up to 5% extra floor area ratio for certified green buildings, mandatory for projects exceeding 2,000 sqm built-up. The report also suggests revising circle rate multiplication factors to 1 for industrial and 1.5 for commercial properties when setting DDA auction reserve prices and stamp duty valuations to ensure fairness and transparency. Including representatives from the MCD, DDA, DSIDC, DMRC and CII, the taskforce’s recommendations await government review before implementation.