Centre Approves Delhi Land Pooling Policy
Delhi's land pooling policy has got an approval from the Centre. The policy is expected to open space for building 17 lakh affordable houses. However, the authority has restricted the permissible floor area ratio to 200 as against 400 proposed earlier, thanks to water shortage in the national capital.
This has not gone too well with the industry stakeholders. "The earlier draft had put FAR ceiling at 400 which has since been amended to bring that down to 200. This is likely to dampen the prospects of many families wanting to have their own home. This could had been avoided in the public interest," said Neh Srivastava, President, Central Secretariat Services Officers Society and Under Secretary in Ministry of Home affairs. Srivastava further added, "It's imperative that people first cross verify the members sitting on the executive boards of the companies engaged in building these flats and choose their investment destinations accordingly."
Also, Delhi Development Authority is now planning to build a single-window clearance system for those planning to develop their land under the policy. An online portal will be in February to facilitate processes, including receiving applications, verifications, grant of approvals and licenses, etc.
Earlier, the DDA has approved simplification of the land pooling policy in the national capital and the urban body's role as being a facilitator and planner only.
Originally, the land pooled under the policy was to be transferred to the DDA, which would act as the developer entity and undertake further sectoral planning and development of infrastructure on the land pooled.
"The DDA will now act as a facilitator, regulator and planner. The revision of the Zonal Development Plans will be undertaken for the effective implementation of the policy and delineation of sector boundaries,” the DDA said in a statement.
"Minimum 70 per cent contiguous land pooled within a sector will be eligible for processing under the policy. The differential land return has been replaced with the uniform division of land to respective landowners on 60:40 basis," the statement read.
It said the developer entity or consortium will retain 60 per cent of the pooled land, and hold the remaining 40 per cent on behalf of the DDA, to be surrendered (free of encumbrances) as and when required to DDA or service providing agencies for development.
This policy covers the urbanisable areas of urban extensions wherein 95 villages have already been included in the development area of the DDA.
"In order to promote affordable and inclusive housing, 15 per cent over and above permissible FAR (floor area ratio) has also been allowed for EWS (economically weaker sections) or affordable housing.”
"The land pooling policy will be a key input in economic, social and civic development of the city and is likely to generate immense investment opportunities and trigger a boost in the economy," it said.
With inputs from Housing News