Posted By : Jun 13 2017
Posted On : Delhi Lpp
According to the latest notification in the Land Pooling Policy or the LPP, 89 villages of Delhi are going to be urbanised by the state government. This is definitely going to be a revolutionary decision as it is expected to unlock a huge amount of area for development and residential purpose. Let’s have a look on expert’s comments on this decision.
Sudhir Pai who is the chief executive officer of the MagicBricks foundation believes that Land pooling is the future of Delhi. We all know that the population of Delhi was increasing day by day but the land wasn’t enough to accommodate those people. In order to deal with these problems and population issues, Land Pooling Policy is a brilliant idea and is a win-win situation for both the Government and the landowners. Under the Land Pooling Policy, it is believed that around 40,000 acres of land is going to be unlocked for housing and development purposes. Moreover, this will lead to almost 2.5 million housing units in Delhi under the Master Plan of Delhi (MPD) by the year 2021. This will definitely affect the property prices in the NCR. But, this is not going to be an easy task. Its success will be greatly dependent on the coordination and the teamwork between Delhi Development Authority (DDA), land owners and the private developers.