Delhi property gets a long-awaited 2047 reset

On Thursday, the Master Plan for Delhi 2047 was officially unveiled, announcing ambitious housing and transportation goals for the capital city. Union Housing and Urban Affairs Minister Manohar Lal Khattar revealed plans to construct around 40 lakh new homes and expand the city's metro network to 695 km by 2047. Currently, the Delhi Metro covers about 416 km.

The plan seeks to accommodate Delhi's projected population of 3.20 crore while striking a balance between urban growth and environmental conservation. Union Housing and Urban Affairs Minister Manohar Lal Khattar emphasized that the plan would accelerate development while preserving approximately 180 sq km of the Yamuna floodplains and the Ridge area.

Under the MPD 2047, 30-40 lakh new flats are anticipated to address the housing needs of Delhi's growing population. Additionally, the city's public transport infrastructure will be enhanced with the addition of metro rail, buses, and six new Regional Rapid Transit System corridors. The Transit Oriented Development Policy aims to support affordable housing, while farmhouses will not be permitted in low-density areas.

Deputy Lieutenant Governor T S Sandhu and Chief Minister Rekha Gupta joined Khattar at a joint press conference to discuss the long-awaited master plan. Lal stated that the plan aligns with the vision of Viksit Bharat@2047, aiming to transform Delhi into a world-class, inclusive, and economically vibrant city capable of supporting nearly 3.2 crore people.

The MPD 2047 marks a shift from a primarily regulatory urban planning approach to a development-focused framework that encourages investment, innovation, and job creation. The Economic Times reported that the plan had been pending for over four years before finally receiving approval. Once implemented, the master plan is expected to guide Delhi's growth and development in land use, housing, infrastructure, and redevelopment for decades to come.