Regulations to operationalise DDA land pooling policy approved

Delhi/NCR
The regulations for operationalisation of land pooling policy which envisages public private partnership in land assembly and its development has been approved by the DDA, the urban body said on November 12.

This policy will enable urban development in a speedy way where the role of the Delhi Development Authority (DDA) will be that of a facilitator, the housing authority said. The details of the policy can be viewed on DDA’s official website.

The Master Plan of Delhi 2021 envisages development of about 24,000 hectares of land for accommodating additional 48 lakh population in the national capital by the year 2021.

The policy has been notified by the Union government on September 5 last year, and will be applicable in the areas of South West and North West of the Delhi government.

Source: http://content.magicbricks.com/industry-news/delhi-ncr-real-estate-news/regulations-to-operationalise-dda-land-pooling-policy-approved/78317.html

“DDA in its meeting held on 7.11.2014 has approved the regulations for operationalisation of this land pooling policy wherein public private partnership in land assembly and its development has been envisaged,” the DDA said in a statement.

“This policy has been evolved based on the principles of the equality and involvement of the participants in urban development even if their land is falling in the green or road infrastructure or other areas where this land policy shall be applicable,” it said.

This land policy is outcome of the planning efforts in the last 10 years, which empowered the public for their participation in the city development process, it said.
The regulations for this policy have been worked out in consultation with the stakeholders, general public and to have a wider participation, these were put up on the DDA website for inviting suggestions in the month of January.

Source:content.magicbricks.com/industry-news/delhi-ncr-real-estate-news/regulations-to-operationalise-dda-land-pooling-policy-approved/78317.html