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Land pooling policy
1. Land Pooling Policy
Land Pooling is a new concept that has been introduced for the
development of Delhi. By definition, it means pooling of land by
various owners and handing it to the authority. Now this authority
builds civic infra on it and further gives it to the developer entities to
develop the whole land through residential and commercial sectors.
The original land owners are also the stake holders of this
development and get more than half of their land back in different
locations. Thus, this policy is a win-win for everyone.
Many experts of real estate have cited this policy as a marvel which
can shape Delhi’s future to a new level. Delhi Development Authority
(DDA) issued a notification of Land Pooling Policy back in September
2013. Since then, this topic is always in news due to its sheer
importance to every sect of the people. Land Pooling Policy is the
root source of Delhi government’s Master Plan of Delhi 2013. This is
such an important matter for the society as a whole as it is providing
2 -2.5 million housing opportunities for over 8 million people.
Although land pooling concept is new to Delhi, it has been in use in
other states of India such as Gujarat, Maharashtra and Andhra
Pradesh bringing in high class of development. Not only domestic
2. states, but many of the world’s most developed countries have
utilized this concept for their maximum progress.
The perks of implementation of the Land Pooling Policy are wide
ranging. First of all, besides already mentioned 2.5 million housing
opportunities, ₹35,000 core have already been invested by more
than 2,000 buyers, hence an assurance that the desired development
is already in full fledged mode. Planned development is the focus of
Delhi government to make it India’s first smart city. Planned
development is also the need of the hour seeing many of the random
and unauthorised areas in Delhi.
One of the most significant factors of Land Looping Policy is the
annexation of land acquisition act which has been eating the wealth
of poor farmers due to unfair compensation by the government. It
will also revive the dud real estate market of Delhi and in addition
would bring foreign investment and employment. Moreover,
government revenues would increase with authentic regularisation
of land.
3. However, Land Pooling Policy is still to be fully sanctioned by the
Delhi government even though DDA and the MCDs have green
signalled the policy.
The ruling government is taking precautionary steps like asking
advice from urban developers and also making sure that no further
harm is done to the farmers.