Development Authorities in India have played a very significant role in carrying about planned and organized growth. The basic premise of all the Development Authorities in India is the realization of the fact that there is distinction between Growth and Development and the latter has to be achieved through strategic use of the available resources. India has long been a sleeping giant and the Development Authorities in various cities made India wake up from its slumber.
Development Authorities in India concentrate on special functions like Housing, Planning, and Restructuring and Urban Development. In New Delhi, Delhi Development Authority has been responsible for providing Housing for innumerable residents, undertaking urban restructuring, Development of commercial as well as residential properties and providing opportunities to avoid the clash between residential and commercial priorities.
Similarly, the Bangalore Development Authority that was constituted in 1976 has been managing Housing Colonies as well as commercial complexes. It includes allotting sites for public utilities and carrying out Real Estate Developments in Bangalore.
The most notable Development Authority in Maharashtra has been MHADA- Maharashtra Housing Authority and Development Authority that has provided Housing to various economic sections of the population in Mumbai and other areas of Maharashtra. In fact, all the Development Authorities, for that matter have always accorded priority to the Lower Income Group and the Middle-Income Group and have made decent accommodation available to them.
In India, Development Authorities has been instrumental for providing shelter to those who cannot afford skyrocketing Real Estate transactions. In developing towns like Gurgaon, Noida etc, constructive efforts by the Development Authorities like the HUDA- Haryana Urban Development Authority and NDA- Noida Development Authority respectively have transformed the city into the most happening satellite towns of the capital attracting MNCs and Foreign Direct Investment.
Indiahousing.com understands the significance of the developmental Authorities and hence offers analytical information on various Development Authorities.
