+917292009966 +917292006699 Whatsapp
Tasha Realty
 
 

News: Work on five model sectors under Delhi's land pooling plan picks pace-26-12-2019

https://realty.economictimes.indiatimes.com/news/industry/work-on-five-model-sectors-under-delhis-land-pooling-plan-picks-pace/72973261

 

Updated On: December 26, 2019

 

On February 5, 2019, DDA had launched a single-window online portal for inviting registration for participation in land pooling.

NEW DELHI: Work on the development of five “model sectors”, each with an area of about 200 hectares, under Delhi Development Authority’s (DDA) ambitious land pooling plan is set to begin soon. More than 6,400 hectares of land have been pooled under the policy so far.

Work on five model sectors under Delhi's land pooling plan picks pace

On February 5, 2019, DDA had launched a single-window online portal for inviting registration for participation in land pooling. The portal was open till September 6. Out of the total 6,407 hectares of land pooled, maximum area is in Zone N — 3,268 hectares, which is 50% of the total developable area in the zone. It is followed by Zone L (1,691 hectares) and Zone P-II (1,248 hectares).

“There are five sectors, which have witnessed around 70% participation from land owners, and now, consortia have to be formed for their development,” a senior DDA official said.

“There are three sectors in Zone N, where more than 70% of contiguous developable land has been pooled. At two sectors, we will have to open the window again to allow more participation from landowners as the land registered under the policy is a little below the cut-off mark,” he said.

“Planning will be taken up for developing these as model sectors on priority, incorporating world-class smart infrastructure,” he said.

“We are trying to ensure that landowners in these sectors form a consortium or some group,” the official said.

“While they will have to form consortium, the verification of the land ownership records has to be carried out simultaneously. The land owners have shown willingness to participate in land pooling, but the registration of land parcels is subject to their verification by the Delhi government.”

The consortium will be duly registered in accordance with the law and will be treated as a single legal entity under the land pooling policy. The consortium formed will be required to prepare an implementation plan in consultation with constituent land owners and sign a formal contract agreement among themselves before applying to DDA.

The layout plan of the 60% land retained with developer entity (DE) or consortium will be prepared by them as per the sector plan, the notified zonal development plan and the prevailing master plan for Delhi, clearly indicating the land share and built space under residential, commercial and public and semi-public uses to individual DEs.

DDA is also trying to ensure adequate provision of housing for economically weaker sections (EWS). All developments will have to meet mandatory specifications as per the Real Estate Regulatory Authority (RERA).

“In case of un-pooled land parcels remaining in any sector, which comes forward to participate at a later stage, the requirement for surrender of land for city level infrastructure shall be 45% or higher, as decided by the Authority from time to time,” he said.
 

DISCLAIMER: This website and the Information contained is in the process of being updated and the contents are under review/revision in terms of the Real Estate Regulation Act, 2016 and Rules there under (RERA), and will be reviewed from time to time. Till the time that the contents are fully updated, the same shall neither be construed to be any kind of advertisement, solicitation, marketing, Booking, offer for sale, invitation to offer within the purview of RERA and shall have no binding effect on the Company and nor constitute any offer and/or acceptance and/or contract and/or agreement and/or transaction and/or any intention thereof and/or a disclosure under any statute of any nature whatsoever. Please call to check the updated pricing, status etc. The photographs contained herein may be actual/stock/standard photography or rendered images used for the purpose and have been taken at a location other than the project site and are used to indicate a conceptual lifestyle. Actual product may vary/differ from what is indicated herein. The location info shown are indicative and selective representation of certain elements present/that may be present in and around the city/project site. No representations are made regarding existence/continuity of existence of any landmarks/locations shown. The landmarks/locations may be subject to change from time to time and such changes are completely outside our control. No representation or warranty is made or intended as to the accuracy or completeness of information under this website or as to its suitability or adequacy for any purpose. Before making a decision to purchase, you are requested to independently, either directly or through your legal/financial consultants, thoroughly verify all details/documents pertaining to the respective project as available on the respective RERA sites.The Company is not liable for any consequence of any action taken by the viewer relying only on such material/ information that is presently displayed on this website.