Delhi govt plans real estate overhaul; New excise policy to prioritise social welfare

Delhi Chief Minister Rekha Gupta chaired a high-level meeting on Saturday to strengthen the city's real estate system and make it more transparent, efficient, and development-focused, according to an official statement.

During the meeting, the "Government-Industry Taskforce on Real Estate Report" was formally submitted to the government.

This report was jointly prepared by major stakeholders, including the Confederation of Indian Industry (CII), Delhi Development Authority (DDA), Municipal Corporation of Delhi (MCD), Delhi State Industrial and Infrastructure Development Corporation (DSIIDC), Delhi Metro Rail Corporation (DMRC), and real estate consultancy CBRE.


The report outlined 10 major challenges currently faced by Delhi's real estate sector, such as unauthorised colonies, housing societies, redevelopment of colonies, and modernization of infrastructure in industrial zones and suggested practical, implementable solutions for each.

Chief Minister Rekha Gupta reaffirmed her government's commitment to revamp the sector. She said that the government is committed to moving Delhi towards a structured, transparent, and citizen-friendly real estate model.

Cabinet Minister Manjinder Singh Sirsa, senior representatives from MCD, DDA, DMRC, the Registrar of Co-operative Societies (RCS), and CII attended the meeting.

Officials said the report will serve as a blueprint for policy reforms and structural changes in the capital's real estate ecosystem.

Meanwhile, the Delhi Government will soon unveil a new excise policy aimed at making liquor distribution transparent, accountable, and modern, while prioritising social welfare and protecting vulnerable communities, according to an official statement.

As per the statement, the Delhi Government is set to roll out a new Excise Policy soon. The primary objective of this policy is to ensure the availability of quality liquor to the citizens of the capital and to make the sale and distribution system transparent, modern, and accountable.

CM Rekha Gupta clearly stated that social security will remain the top priority in the new excise policy. The government will ensure that the policy does not adversely impact sensitive sections of society, as stated in the statement.

Further, as per the statement, the Delhi government is committed to ensuring that no aspect of the policy negatively affects sensitive sections of society and that vulnerable communities' safety, health, and peace are not compromised in any way.

A high-level committee, chaired by the Chief Secretary of the Delhi Government, is currently working on formulating this policy.

The committee is also reviewing the excise policies of several other states to adopt best practices that prioritise effective liquor distribution and social protection, the release said.