Today, most of the people need to get the best project that comes under the best policy. Recently, Delhi development authority got the approval of the Delhi Land Pooling Policy. The authority got the approval from the ministry of housing and urban affairs. It is the much awaited policy that beneficial for the different kinds of the project.
The authority will get the land from the individual, owners, or builder. With the land, they make the project and return back to the owners again. This is the best policy that able to swap the land acquisition process. The government can acquire the land by providing the compensation to the owners.
The policy is not so familiar in the past few years. The policy comes up with the potential benefits and people get the affordable housing scheme. The people get many benefits with this plan.
About the New Land Pooling Policy:
This type of policy is beneficial for the urban extension in the national capital region. The zonal plans can be approved by the Delhi development authority. The idea of the policy is to make the urban parcels in the city. It is an efficient policy that operated in a simple manner.
The policy will helpful for the land owners in the future. It improves the supply of the land. The policy can develop and expand the city. The main idea present in the Land Pooling Policy is the combination of the small land to the large. It helps the authority to make the important infrastructure like water supply, sewage system, drainage, and others.
The policy makes the provision for the excellent and amazing infrastructure. It also includes the main roads and metros. The authority returns the developed land to the developers or owners. The land can be sold by the government to resolve the developing infrastructure and public space cost.
The owners permit to the land in the Delhi land pooling policy. This is declined according to the guidelines and norms of the policy. The property owners provide the two to twenty hectares of the land.
The floor area ratio determines the size of the land. This one measures the area that allows constructing the project. The floor area ratio minimizes from 400 to 200. The owners are in charge of the internal development such as sector roads and services and infrastructure. Water supply lines, rainwater harvesting and power supply are the major services.
Features of the Land Pooling Policy:
The landlords get the land again from the authority. The policy accesses the service and infrastructure the developed by the Delhi development authority. The policy holds the 20,000 to 25,000 hectares of land.
The policy offers the perfect quality apartment to the people at the reasonable price. It ends the policy of the land acquisition. This is the reliable factor in the policy. This will avoid the increasing price of the land because of the land acquisition. The compensation is given to the farmers.
The policy gives the freedom to the public and private sector. The Delhi development authority acts as a caretaker and facilitator of the policy. The policy brings the private and public sector an opportunity that best for the relationship. The policy will definitely improve the development.
There is no interference that offers the private sector to make the infrastructure and services by following the rules and regulation. The infrastructure and service set by the law. This is the best concern for the affordable housing scheme.
It is the great development in the national capital region. This is happened because of the increase in the population. The policy is enhanced due to the use of the land. In order to expand the city, the policy sorts out the best plan to ensure the neighboring village. The land is taken from the villages such as narela, Dwarka, Bawana, and others.
Ideal for the Developed Area:
This type of policy is mainly implemented for improving the developed areas. The reduction in the floor area ratio becomes to the negative concern of the policy. The proper will more expensive due to the FAR reduction.
The Delhi Land Pooling Policy definitely cut down the unwanted housing sectors. The inception of the unwanted things regularly operates in the society. The people concern it and then book the best property. The city can face the different range of the problems when making the transportation projects like urban extension roads and metros and much more facility.
It produces the plentiful employment opportunity. The policy offers the home to lots of households at the time of the tenure of the LLP development. On the other hand, the policy will improve the employment opportunity that beneficial for each and every class of the people that associated with the construction sector.
It becomes the boom of the economic and foreign investment as well. The land pooling policy plays a major role in the infrastructure and service. There are many changes occurred in the policy. It is the profitable policy for the government as well as the land owners.
It is the best opportunity for the land owners to get the incurred land and cost at the same time. This is the suitable plan for the land registration system that enhances the public revenue. It gives the excellent chance to the real estate developers to establish the project in a simple way. The policy brings more customers to the real estate business.