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Land Pooling Policy – benchmark step of DDA boosting private builders

Land pooling is a new system introduced which is a benchmark scheme of DDA in order to create adequate supply of lands for government construction projects thereby serving affordable housing for all income groups. Despite every challenges land pooling policy experts have carefully analyzed all the steps and worked on ground reality to make it stronger since its advent in 2013. The new policy of land pooling is welcomed by most of the real estate concerns and land owners, as it has widened up the market opening up 25,000 acres of land for development.

Land pooling policy is a part of Master Plan Delhi 2021 under which small land owners pool their lands offering their land for development instead of selling. The benefit of their investment returns to the owners in high percentage as well as having share or access to the developed projects. Growth of this policy has created a focus in real estate industry as well as become trustworthy due to regulatory pricing of the property. Two basic types of land pooling include 20 hectares and above land involvement and 2 to 20 hectares of land pooling respectively. Both types include 60% and 48% of land return to the respective original owners.

In order to meet the needs of growing population by 2021, Delhi needs more housing facilities to accommodate the mass. To make it operational, Delhi Development authority will have to acquire more land by land pooling policy and not by direct acquisition. New land pooling policy after necessary amendments have stated provision of 40,000 acre of new land along the borders of Delhi like Bawana, Najafgarh and Narela. DDA has kept its role limited in development phase and the operation is controlled by private with public partnership according to the new system. With continuation to this effect, housing society developers had stretched their hands for help. Among them, Experia Boulevard CGHS is the finest operating team offering best service to the clients. Collaborating with Antriksh group, it is functional from Delhi, and gained its fame for delivering classical comfort at affordable price.