Land Pooling Policy Delhi-NCR A Federation For Buyers in Delhi Land Pooling Policy Zones
About Land Pooling Policy Land Pooling Policy For last six decades, Delhi’s population has grown 10 folds to calculate 1.7 crore. However, Delhi Development Authority (DDA) says that current facilities and infrastructure cannot cater more than 1.5 crore people. According to the reports 60 lakh more people will add to the existing figures till 2021. For the same reason, City needs more facilities to meet their needs of over 80 lakh people. This needs additional land, covering 50,000–60,000 acres, as well as strong financial guarantee from government. As a matter of fact direct acquisition of land is not possible due to continuously increasing price as well as land owners always complaint for less compensation. In order to make way for this difficult situation, government has brought up land pooling policies to boost faster development. High floor area ratio (FAR) and a single-window mechanism are two main elements of this newly-implemented rule.
Land Pooling Policy Benefits Benefits of LLP End of Land Acquisition Policy-One of the most significant factor why LPP is necessary is because it would end the decades old land acquisition system. What this will do is prevent the ever increasing price of lands due to acquisition policy. The transparency is far below standard and the compensations are unfair to the farmers. Freedom to Public- Private sector– DDA would only work as a caretaker/facilitator to this policy that would give the public private sector a chance to boom its relationship and hence enhance the development. No interference would give the private sectors ample freedom to develop infra within the rules set by the law. Development in NCR-There is a 10 fold increase in population of Delhi in the past half century, which has increased the use of land. Due to its expansion Delhi needs to sort out a plan to make use of its neighboring villages’ land. These land of villages like Dwarka,Narela, Bawana etc would get a standard way of development.
Ample Employment opportunities-During the tenure of the development of LLP, it would provide home to more than 10 million households. This would vastly increase employment opportunities for every class of people who are related to the construction sector. It would help in the economic boom as well since there are many chances the foreign investments would be playing a key role in providing infra. Revenues though tax. It would be a very profitable venture for both the government as well as the owner of the land. The owner gets an opportunity to recover incurred cost and land as well. LPP would make for an accurate land registration system which would significantly increase public revenues from property taxes. Revoke struggling real estate market– The Land Pooling Policywould give real estate market a chance to re-establish itself. Land market is down, which is a hindrance to a nation. LPP would bring people back to real estate. Adding to these benefits, many of the most developed cities has stick to the LPP mode of development and it has shown tremendous results. In India too, the states such as Gujarat, Andhra Pradesh etc have been pioneers to LPP.
Master Plan Delhi 2021 Delhi MPD-2021 expects strong growth for next years. Delhi boasts immense importance for India. Besides being the Capital City of world’s largest democracy, it also proves the biggest center for socio-economic and political activities in the country. Due to strong economic growth rate, population of Delhi has increased tenfold for last six decades. Immigration from other states of the country is the main reason for making it one of the most populous towns across the globe. DDA (Delhi Development Authority) was incorporated in the year of 1957 to look after the home needs of growing population, provide good facilities and generating new space. In pursuit of this goal, authority introduced first 20-year Master Plan for Delhi in 1962. However, it changed to the large extent to cover up the period up to 2001 (MPD-2001). Currently, DDA is working and focusing on the Master Plan Delhi 2021 (MPD-2021). Existing policies and amenities of authority are not proving sufficient to cater the growing needs of the people. As a matter of fact, almost all facilities including housing, roads, sewerage, water, transportation, power and many others requires significant boost to meet the expectations. According to the detailed reports, present infrastructure can serve a maximum of 1.5 crore people.
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