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Public Private Partnership Initiative for Timely Delivery of L Zone

Posted by kampdevelopers on March 8th, 2016

One major modification under Master Plan Delhi is the announcement of Land Pooling Policy allowing the private developers to participate in the land procurement process for developing the sub cities at different zones of the master plan. 

Projected as an amiable solution to the pressing population pressure over the masses, the Delhi L Zone and other Zones has been projected as an effective solution offering around 24 million homes under MPD 2021. The Delhi 2021 master plan map includes around a vast tract of land lying at different areas and regions at the outskirts of Delhi and especially the urban villages of the Delhi after the notification to be developed as under five sub cities.    

One major modification under Master Plan Delhi is the announcement of Land Pooling Policy allowing the private developers to participate in the land procurement process for developing the sub cities at different zones of the master plan.  The thrust and focus area of development at L Zone is PPP (Public Private Partnerships) on which various real estate companies in Delhi would participate in the scheme.     

As according to the basic concept and methodology of PPP, L Zone is also a co-operation between the public sector (DDA) and private sector (Developer and Societies)   to carry out the project of making housing and dwelling units while both the parties sharing their specified and designated duties.

As obvious real estate development in Dwarka and government’s interest is highly attributed due to the growing role of PPP according to the need and demand in infrastructure sector, limited public funds and the growing need of the private sector in infrastructure.

Some of the development as taken according to the Delhi 2021 master plan  follow as:-  

  • Value for Money: A major advantage of Public Private Partnership is a creation of value for money. A PPP initiative with a terms of offering wealth is that it can deliver cheaper project accomplishment compared to done by a public enterprise.  In value for money, the first and foremost fact is the risk transfer enjoyed by the party while managing it at the minimum cost. 
  • Output Based Specification: As in the public sector, the output is rigidly specified costing going to be very high without being any scope for the flexibility. Where as in PPP, a factor of innovation is always included thus involving possibility of minimizing the project cost as well.
  • Nature of the contracts to be the Lifelong: In PPP, the terms of projects are generally long and sometimes, the projects are contracted to be lifelong. As in capital investment, it is noticed that prime focus generally remains upon buying cheaper good though they may be changes after a period of time. Therefore in PPP with a long contract term, a service provider can recover its project cost in a longer term.     
  • Management Skills of Private Sector: Another major advantage of working in a Public Private Initiative is using the management skills of private sector to deliver the project at the very appropriate and decided time exactly on the deadline.
  • Competition: It is an important factor while handling over the project into the private hands. With PPP, a project get an upper edge on important areas as lower prices, greater innovation, increased investment and better services.        

This way, a public private partnership initiative allows a project whether it is L Zone, to be accomplished in time.        

Also See: Master Plan, Public Private, L Zone, Private Sector, Public, Private, Delhi

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