The zoning board has officially approved the expansion of commercial land use in several peripheral wards, marking a significant shift in the city’s urban development strategy. This decision aims to decentralize economic activity from the congested central business districts and stimulate growth in the outer zones of the city. By permitting more commercial activities such as retail, office spaces, hospitality, and small business hubs in these peripheral areas, the authorities are promoting a more balanced and inclusive model of urban expansion. The move is expected to create new investment opportunities, generate employment, and improve infrastructure development in regions that were previously dominated by residential or low-density land use.

With this expansion of commercial use, land in peripheral wards is likely to experience a surge in demand, leading to a potential reassessment and upward revision of guidance values. Developers and investors are already eyeing these zones as cost-effective alternatives to saturated core markets, attracted by larger plot sizes, emerging connectivity improvements, and favorable development regulations. The new zoning approvals are anticipated to trigger a wave of real estate activity, ranging from shopping complexes and office spaces to co-working hubs and service centers, supporting the needs of both local communities and growing business sectors.

The approval by the zoning board reflects a strategic approach to long-term city planning, aiming to create multiple economic nodes rather than relying solely on traditional commercial centers. It also aligns with broader goals of sustainable urbanization, reduced commuting pressures, and more equitable access to business opportunities across different parts of the city. As peripheral wards evolve into thriving commercial hubs, they are set to play a vital role in shaping the next phase of the city’s economic and real estate landscape.