L zone, one of the massive project to be developed around Delhi to cause it to be a reformatory step as taken to be the sustainable smart city development around the city. Apartments in L Zone Dwarka is method of new urban development procedure as envisaged by and through the areas under Master Plan 2021. The entire project is based and aimed towards developing a city fully satisfied and leveraged around the world class amenities and facilities. Whereas, meeting out the financial challenge in developing the L Zone smart city had to be diverted towards public private plan in Dwarka.
L Zone property as well pattern of development to east out the financial obligations has therefore shifted towards the public private partnership. With respect to PPP Model Delhi, this government project is aimed towards the devolving the smart city with the help of the mutual cooperatioan and assistance.
Under PPP, there remains a contractual entity known to be a public sector authority and a private party, where a private party presents a public service and hence co-operate into the substantial financial, technical and operational risk of the project. In varying types of PPP, the cost of using the service is absorbed the users of the service and not by the taxpayer.
Normally, as in the Smart City L Zone, there exists two major reflectors of PPA. In developing the L Zone, the objective of the smart city with the help of public participation is being achieved through the two prominent drivers of the PPPS. First of all, PPS are claimed in order to optimize and employ user expertise to be used for accomplishing a goal in a private sector project.
In the second method of the public development and restructuring is that where public sector body don’t have to made any investment, infact, it should, therefore works as a body that work, merely, as a capital investment don’t; need to make any investment. Rather, the PPP borrowing instead is being carried and structured out by a private sector party in an effective manner.