​​​
  1. Delhiites set to get their dream homes soon? See what Narendra Modi government has on agenda

Delhiites set to get their dream homes soon? See what Narendra Modi government has on agenda

Land pooling in Delhi, which is expected to meet the residential needs of about 95 lakh people besides stimulating economic growth, has now been further simplified for speedy execution.

By: | New Delhi | Published: October 13, 2017 5:30 AM
Construction sector, Delhi, Delhi Lt Governor Anil Baijal Minister of housing & urban affairs Hardeep Singh Puri met Delhi Lt Governor Anil Baijal and discussed various aspects of the land pooling policy.

Land pooling in Delhi, which is expected to meet the residential needs of about 95 lakh people besides stimulating economic growth, has now been further simplified for speedy execution.

The Delhi Development Authority (DDA) will now act as a facilitator and planner as against the role initially envisaged for it as part of simplification of execution of the land pooling policy, a government release said.

Minister of housing & urban affairs Hardeep Singh Puri met Delhi Lt Governor Anil Baijal and discussed various aspects of the land pooling policy and decided to make some changes in the policy decided earlier. Durga Shanker Mishra, secretary at the ministry and vice-chairman of DDA, also attended the meeting.

Originally, land pooled under the policy was to be transferred to DDA which was to act as the developer entity (DE) and undertake further sectoral planning and development of infrastructure. It has now been decided to do away with this requirement and land title continues to be with the original land owners, the release said.

Further, DDA has been directed to formulate necessary regulations under the policy in accordance with the changes in a month’s time and ensure single-window clearance mechanism for according necessary approvals for speedy implementation, it said.

About 22,000 hectares of land is expected to be pooled which could meet the needs of about 95 lakh people, the release said.

Under the land pooling policy, 60% of pooled land would be returned to landowners after infrastructure development, if the pooled land is 20 hectares and above and 48%, if land pooled, is between 2 and 20 hectares. Of the 60% of returned land, 53% will be for residential purposes, 5% for city level commercial use and 2% for public and semi-public use. In the other case, the same would be 43%, 3% and 2%, respectively.

Affordable houses for economically weaker sections to be built under the policy shall be of 32-40 sq m. Half of this housing stock shall be retained by the DE to house community service people working for the residents/ owners of the group housing. These houses will be built at the site or on premises contiguous to the site allotted. The other half shall be sold to DDA at the base cost of `2,000 per square feet for further sale to beneficiaries.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Go to Top