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DDA's land pooling policy implementation expected very soon. As per NDTV, now is the right time to invest in a property in Delhi.
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NDTV News of 05 Nov on Land Pooling
Getting Closer to
Owning House in Delhi
-NDTV (5th Nov, 2015)
NEW DELHI: If you are planning to buy accommodation in Delhi or want to invest in property, now is the right time.
 
In consonance with the central government's vision to develop Delhi on the lines of world-class cities, the Ministry of Urban Development is taking some proactive steps in this direction.
 
The ministry recently appointed KPMG as the consulting partner for developing world-class accommodation by 2022.
 
KPMG will prepare the action plan for New Delhi Municipal corporation. It has also organised a publication consultation programme to shape up the ideas for Delhi's smart city zones L, N, K and P.
 
With over a million square feet of unused land, emergence of new areas such as L zone, P zone and N zone in Delhi would provide much needed push to the supply of affordable housing.
 
The projects come under the land pooling policy which has already been notified. With this affordable housing policy, buyers can get a home in Delhi at the same price as in NCR towns like Noida, Gurgaon and Ghaziabad.
 
"I am planning to invest in real estate sector and looking for such options but I do not want to shift to Noida or Gurgaon because my family and relatives live here," said Roopali Pasricha, 29, who lives in Navada near Dwarka.
 
"I heard about the upcoming development project and I am very much excited to own a smart home in Delhi which also suits my pocket," said Pasricha who is a marketing professional.
 

There are number of developers and group housing societies which have launched projects under the land pooling policy and offer very lucrative schemes to the customers.
 
Vijay Verma, a 52-year-old government employee said, "I have six-seven years left for retirement and the best investment option is obviously the real estate. If I invest in a property in Delhi, the returns would be high. I am open for it."
Release Date: 5th Nov, 2015
Source: NDTV
Article Link:
NDTV Article
BIG PUSH FOR
LAND POOLING POLICY

IMPLEMENTATION EXPECTED SOON !
-Hindustan Times (5th Nov, 2015)
Govt gets land in 95 Villages in big push for
Land Pooling Policy

AWAITING NOTIFICATION FROM THE STATE GOVT, THE LAND POOLING POLICY WAS IN A LIMBO AFTER BEING CLEARED IN SEPTEMBER 2013.

The much-awaited Land Pool­ing Policy - touted as the future of organ­ised hous­ing sec­tor in the city will soon see the light of the day.

Lieutenant gov­ernor Najeeb Jung has allowed trans­fer of own­er­ship of the gram sabha land in 95 vil­lages, iden­ti­fied for imple­ment­ing land pool­ing policy across the city, to the Delhi government’s rev­enue department.

An order was issued by Som Naidu, director-cum-joint sec­ret­ary (Panchayat), on October 29. A day later, the rev­enue depart­ment also issued a cir­cu­lar about the changed own­er­ship to all officers con­cerned, includ­ing the six dis­trict magis­trates under whose jur­is­dic­tion the 95 rev­enue vil­lages are located.

The Delhi gov­ern­ment had deman­ded the L-G office for enblock allot­ment of gram sabha land before it can notify the 95 vil­lages, iden­ti­fied for land pool­ing, as ‘urbanized’ — thus declar­ing these vil­lages as devel­op­ment areas in order to allow devel­op­ment of com­mer­cial, res­id­en­tial and com­munity infrastructure.

The Delhi Development Authority’s (DDA) plan to execute the land pool­ing policy has been in a limbo ever since the policy was cleared by the Centre in September 2013, await­ing noti­fic­a­tion from the state gov­ern­ment. “The decision has removed the biggest bot­tle­neck in the pro­cess. We can expect a decision on it soon,” a senior rev­enue depart­ment offi­cial said.

The DDA, which comes under the cent­ral government’s urban devel­op­ment min­istry, is the sole land-owning agency in the cap­ital and the L-G has the final author­ity on its policy mat­ters. Sources said the state feared that it may lose its right over gram sabha land after declar­ing the vil­lages as urbanised.

The rul­ing dis­pens­a­tion was of the view that it would become tough for the state to under­take future pro­jects if it lets go of the own­er­ship of the gram sabha land and it would become even more depend­ent on DDA for land, sources said. The AAP gov­ern­ment is already locked in a war of words with DDA over allot­ment of land at ‘mar­ket rate’.

Officials said with the gram sabha land being ves­ted with the rev­enue depart­ment, other agencies of the gov­ern­ment could now seek allotment of gram sabha land from the revenue department.
Newspaper Cutting
Hindustan Times
Date: 5th Nov, 2015
Release Date: 5th Nov, 2015
Source: Hindustan Times
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