Anushruti Singh
As the Union Budget 2025 approaches, real estate stakeholders in the capital are rallying for urgent attention to the Delhi Master Plan MPD 2041. The plan, touted as a game-changer for the region, has been delayed in its final gazette notification, causing widespread uncertainty among landowners, developers, investors, and residents.
Ramesh Menon, Founder Director of Delhi Consortiums, a leading real estate advisory firm, emphasised the plan’s potential to be a transformative economic driver. “The forthcoming budget could unlock a windfall for Delhi, provided the government expedites the completion of MPD 2041. This plan can potentially inject over ₹1 lakh crore in private sector investments, turning into a significant revenue stream for the government,” he stated.
The MPD 2041, which covers a massive 57,000 hectares of land, has the capacity to double Delhi’s GDP every seven years and elevate its status as a global services hub for over 31 million residents. “Delhi contributes more than 50 per cent to NCR’s GDP and achieves a per capita income three times the national average. Yet, the delay in MPD 2041 is stalling critical economic growth,” Menon added.
The topline potential from developments under MPD 2041 is estimated at $150 billion, with at least 30 per cent of that expected to flow to the government through levies, Menon explained. He further highlighted that this would unlock much-needed revenue streams for local civic bodies and catalyse the region’s development as an economic powerhouse.
Menon urged the government to prioritise MPD 2041 in this year’s budget. “The delay is costing Delhi dearly, both in terms of revenue and missed opportunities for economic and social advancement. The Budget 2025 should focus on finalising the plan, ensuring it receives the attention and commitment it deserves,” he concluded.
Real estate experts are hopeful that the Union Budget will address the delay, paving the way for Delhi to emerge as a global hub while driving economic growth for the nation.
