Redevelopment of Lutyens' Bungalow Zone After 75 Years
Bangalore: Private home owners in Lutyens’ Bungalow Zone (LBZ) can expand their property if the government’s plan comes into effect. The government is planning to permit private property owners to expand their homes in LBZ, for the very first time in 75 years since the bungalows were made, reports Partha Ghosh and Ravi Teja Sharma of Economic Times.
Lutyens’ Delhi is one of the posh and expensive localities in Delhi since high net worth individuals (HNIs) reside here who have raised the margin of property rates in this area.
Private home owners can now expand their home underground. It means, home owners can construct a basement level below the existing structures, said a government official to ET.
According to the official, the government’s plan is to bring changes in the age-old rules which have restricted any kind of modification in the LBZ. However, the rule has helped maintain the beauty and the heritage value of the bungalows which were built using large plots of land.
"We want an efficient use of land in Lutyens' without changing the footprint, without changing the height and the character of the area. One option is to go underground," said the official, reports ET.
In Lutyens’ Bungalow Zone, there are over 1100 bungalows, out of which, only 65 bungalows are privately-owned properties. These private properties belong to India’s top-notch personalities like LN Mittal- the chairman of ArcelorMittal, Sunil Bharti Mittal- the CEO of Bharti Enterprices, Industrialist and Lok Sabha member Naveen Jindal, Real Estate tycoon and DLF CEO KP Singh, the Burman Family and the rest of the bungalows are possessed by the government.