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Delhi to be developed like Magarpatta City: Anil Baijal

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NEW DELHI: Lieutenant governor of Delhi, Anil Baijal, on Friday said that the Delhi land pooling policy will transform the city in the same manner as.

There have been delays in planning and bringing in policies to develop sustainable cities because of which congestion, unauthorized construction and other civic issues marred the prospects of new development. Delhi land pooling policy is a path-breaking initiative which will transform Delhi like Magarpatta was transformed in Pune,” said Baijal.

The last date for registration of land parcels for the land pooling policy was extended by a month to September 6, 2019. The Delhi Development Authority (DDA) today, said that the total amount of land pooled stood at 6,400 hectares as of September 6, 2019. However, DDA will continue to talk to farmers for pooling more land to achieve its target. Tarun Kapoor, vice-chairman, DDA said that 6,400 hectares or more than 15,000 acres of land have been registered for land pooling by September 6, 2019, when the registration closed. “DDA will provide handholding to the consortium of landowners in the initial projects so that more are encouraged to participate.”

Speaking at the FICCI-DDA conference on ‘Land Pooling: Building India’s Capital – Opportunities in Real Estate and Infrastructure’, Baijal highlighted the key changes that the Delhi land pooling policy will bring to the city.

“I have been tracking the progress of the Delhi land pooling policy personally and eagerly following up the traction on the ground. The concept of land pooling is not new and has been adopted previously in the form of town planning and group housing development. Delhi land pooling policy is different as it empowers the landowners as much as it offers opportunities to other stakeholders like developers and financial institutions. It will make landowners a part of development no matter big or small,” added Baijal.

He also pointed out that the policy offers flexibility, attractive FAR and people-centric development for sustainable living.

Hardeep Singh Puri, minister of state (independent charge), ministry of housing and urban affairs, the government of India, said that the land pooling policy will transform Delhi into the world’s largest megapolis by 2024 when the country is likely to have a new Parliament building.

“One of the Prime Minister’s dream projects is to reconstruct those buildings which were built between 1911 and 1927, such as the North Block, South Block, Rashtrapati Bhavan, and the Parliament building. By the time we meet in 2024, at the time of next election, it is our expectation that we will be in a new Parliament building,” Puri added.

Puri said that the land pooling policy, an important step towards making Delhi the world’s largest megapolis having highest international standards, will result in 17 lakh additional residential units contributing to the country’s GDP and jobs. Sectors where 70% of land pooling is completed qualify for development. Once registration of land is complete, verification of all documents take place and development work will kick off thereafter.

Courtesy:- https://timesofindia.indiatimes.com/business/india-business/delhi-to-be-developed-like-magarpatta-city-lg-anil-baijal/articleshow/71260837.cms