The Delhi Development Authority (DDA) approved its ‘land pooling’ policy on Friday, which promises to give an impetus to faster development in the Capital.
Since the first Master Plan of Delhi in 1961, DDA’s policy has been to acquire large tracts of land, develop them and then, sell residential or commercial properties.
The new policy, which was passed by the authority on Friday, allows owners to pool their land for development by DDA. Instead of compensation, they will be given 40-60% of the developed land.
“Acquiring land is a long and problematic process and land owners complain about inadequate compensation. That is why, planned acquisition by DDA has not been able to meet the city’s growing demand for housing and urbanisation,” said a senior DDA official, who did not wish to be named.
The land pooling policy will have two categories — for land above 20 hectares and those between 3 and 20 hectares. For land measuring 20 hectares and above, owners will get 60% of the developed plot back and those between 3 and 20 hectares will get 40% land back, with rest of the area remaining with the DDA. The minimum area required to be pooled for this policy is 3 hectares.
In case of a land measuring 20 hectares or more that will be developed, 53% area will be kept for residential use, 2% for public and semi-public spaces, including roads, and 5% for commercial use. The DDA plans to keep 15% of the land exclusively for housing for economically weaker section (EWS), with additional Floor Area Ratio (FAR). In land measuring less than 20 hectares gross 40% will be kept for residential use.
FAR for group housing societies in the pooled land will be 400 and 250 for public spaces and commercial development.
“The DDA will provide the infrastructure and utilities in the tract of land, but the land in the share of the owners can be developed by private players, as long the owner follows the development control norms, prescribed land use and FAR,” the official said. The new policy would mean that the owner also benefits from the development of land, which he can sell after its prices appreciate.