Projects in Land Pooling Policy Zone
This portal, ddalandpoolingprojects.com is dedicated to the affordable projects that are coming up under Master Plan Delhi 2021 and are being planned under DDA land pooling policy(LPP). Most of these projects would be developed in following land pooling zones:
- P-2 Zone
Recently, you heard about the land pooling policy and whether you are a end-user, an investor, or a land owner, you would want to know all the nitty-gritty. And many questions arise in your mind such as what does exactly land pooling policy mean? How the policy impact on buying as well as selling? Should you go for property investment of pooled land? And, what is the current status of your land.
Unarguably, LPP is the most discussed topic in the capital, and going through the information put into this portal is best approach to understand it. In short, you will get to know what is exactly land pooling and how you can take advantage from it.
Basically, this policy is a concept where small land chunks are purchased by owners who assembled the land for development of new infrastructure. After finishing the development over the land, the land pooling agency redistributes the land after taking some charges of compensation for infrastructure costs!
This type of policy brings to develop and reduce the load on existing jam-packed and choked area in Delhi. What are advantages for buyers via Land pooling policy? While landowners providing 2 to 20 hectares of land for development and will received 48% land back and those who are giving more than 20 hectare land would get 60 per cent or more than 60% of their pooled land back once again after finishing the part of development.
Remaining land would become a Delhi Development Authority and, will come under the MPD 2021 (Mater Plan of Development 2021). In current, Delhi Development Authority has completed all the processes to roll out this policy. Once Delhi Government formally notifies the urbanization of 95 villages, you would see the advertisement of the DDA in newspaper with the inviting applications for this policy (land pooling). At present, DDA already have good deal of land in different pooling zones to carry out infrastructural work. Recently announced 18 km. metro phase-4 corridor connecting different pooling zones through 18 metro stations is a testimony to it. As land acquisition has become a burdensome process, the future development through unified, inclusive planning will be through land pooling policy. Many builders and housing societies are promoting their schemes with complete detail of the land by DDA and is stated to be a part of DDA approved scheme.
L Zone Projects