‘DDA Land Pooling Policy’ is based on Public-Private- Partnership (PPP) in land assembly and development in Delhi. The policy will allow consolidation of the private land by its owners through pooling and surrendering it to the DDA. The DDA will then provide a chunk of the developed/converted land back to the owner instead of compensation.
According to Master Plan for Delhi-2021, notified on 07.02.07 National Capital Territory of Delhi has been divided into 15 planning zones. Out of these, 8 Zones (A to H) cover existing Urban Area as shown in the Land Use Plan. Zone ‘O’ covers River Yamuna and the remaining 6zones (Zone J to P) are part of Urban sable Area. The policy has been notified on 5th Sept. 2013 and stated that the immediate urban extension could be in the zones of J to L, N & P (I&II) subsequently on 26th May 2015.
Background of the “Land Pooling Policy”
As evident Delhi has seen a stabilized growth in real estate market ever since it’s becoming the capital city and has continously attracted Real Estate investors from all across the globe. DDA had opened a narrow window for private sector developers in Rohini, Janakpuri, Vikaspuri and Dwarka sub city that were developed on co-operative group housing society model. This model was extremely successful in terms of providing value for money to its members and hassle-free possession of the house to its rightful owners. In addition to this, members got a robust return on their investments.
According to Master Plan of Delhi-2021 notified on 07.02.2007 National Capital Territory of Delhi has been divided into 15 planning zones. Thereafter, the Government of India through its Gazette notifications dated 5, September, 2013 has announced land pooling policy in zones including L-Zone / K-1 Zone.
L-Zone / K-1 Zone in particular has all the qualities to become a smart sub city given the fact that the IGI International airport, Metro network, National Highway, Expressways (UER-I, UER-II& KMP) and business hub like Gurgaon, Manesar being there in vicinity.
L-Zone / K-1 Zone has got long term Real Estate potential when compared to other zones in Delhi and also has the clear strategic edge over other parts of NCR as well.