Delhi master plan 2041: $100 billion economic boost on horizon

Delhi Master Plan 2041, still pending approval from the government, has the potential to unleash a massive economic opportunity worth $100 billion, according to an analysis by the Delhi Consortium think tank. This plan promises to turbocharge Delhi's growth, with the GDP potentially doubling every 7 years. The driving force behind this growth will be private sector investments in urban development and knowledge-based industries.

Ramesh Menon, Founder Director Delhi Consortium said, “There is an urgent need for approval of Delhi Master Plan 2041, as Delhi Land Reforms Act 1954 is the biggest impediment to the planned development of Delhi. The discretionary use of it by the Administrative officers of the revenue department doesn’t build confidence amongst the stakeholders of Delhi Master Plans.

Upon approval, master plan 2041 will kickstart a massive 57,000-hectare development effort, positioning Delhi as a vital services hub for a population expected to exceed 320 million in the next two decades.

This plan will unlock real estate opportunities across 165 Delhi villages and boost Delhi's per capita income to ₹4 lakhs, a 40-45% increase from the current ₹2.72 lakhs reported in the 2022-23 Economic Survey of Delhi.

Notably, Delhi is home to nearly 10,000 unauthorized colonies, a substantial number among global capitals. master plan 2041 aims to bring these settlements into the fold, generating much-needed revenue for the government while simultaneously enhancing the city's social and physical infrastructure.

Experts believe that with the timely approval of this plan, Delhi will witness renewed investor interest from neighbouring states, paving the way for substantial land assembly, reorganization, and real estate development that meets international standards.

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