Everything you need to know about land pooling policy
real estate Updated: Feb 13, 2016 19:25 IST
Where the land pooling policy ( LLP) is concerned, land parcels owned by individuals or groups are legally consolidated to transfer ownership rights to the land pooling agency. The agency then transfers ownership of part of the land back to the landowners for developing such areas. The policy applies to proposed urbanisable areas of the urban extensions for which zonal plans have been approved.
PERCENTAGE OF LAND A DEVELOPER WILL GET BACK FROM DDA
According to the DDA’s land pooling model, there are two categories of land pooling — (i) if the developer owns 20 or more than 20 hectares of land, then DDA will return 60% of the land, (II) if the developer’s land parcel measures less than 20 hectares, DDA will return 48% of the land
HOW IS LAND RETURNED?
According to DDA, when it gets 60% of land from a particular sector of the land pooling zones, it will have a draw of lots and return the land to the developers. It’s not necessary for the developers to get the same parcel they handed over to DDA. The Authority can return land anywhere within a 3-km radius of where the original plot existed.
MINIMUM SIZE OF LAND PARCEL FOR LAND POOLING
Five acres minimum can be handed over by the developer to DDA. These plots can be of varying sizes and at different locations in land pooling zones.
WHAT IF LAND MEASURES LESS THAN FIVE ACRES?
Land parcels measuring less than five acres will have transferable development rights and such land owners can transfer their ownership rights to any big landowner.
HOW LONG WILL IT TAKE TO OPERATIONALISE THE POLICY?
According to experts, it will take five to seven years for the actual implementation of the new policy
THE PRICE OF AN APARTMENT IN A POOLING ZONE?
A 1,000 sq ft flat will be available in the price range of R30 lakh to R60 lakh depending on the floor and the location