Delhi Master Plan 2047 approval likely to boost real estate sector

The Master Plan 2047 has been greenlit by the Delhi Development Authority and is pending final approval from the government. This initiative seeks to clarify the landscape of real estate in the city, streamlining business operations by simplifying clearance processes. It tackles land scarcity issues with a focus on redevelopment in key zones, and experts predict it will greatly influence the property market in the national capital.