Land pooling in Delhi further simplified

Land pooling in Delhi further simplified: Now DDA to act only as facilitator

Transfer of pooled land to DDA not required; Single window approvals for speedy execution

Moneycontrol News

Land pooling in Delhi, which is expected to meet the residential needs of about 95 lakh people besides stimulating economic growth, has now been further simplified for speedy execution. Delhi Development Authority (DDA) will now act as a facilitator and planner as against the role initially envisaged for it as a part of simplification of execution of land pooling policy, ministry sources said.

Minister of Housing & Urban Affairs Hardeep Singh Puri and Lt Governor of Delhi Anil Baijal met in Nirman Bhawan and discussed various aspects of the Land Pooling Policy and decided to make some changes in the policy decided earlier. Durga Shanker Mishra, Secretary (HUA) and Vice Chairman of DDA, also participated in the discussion.

Originally, land pooled under the policy was to be transferred to DDA which was to act as the Developer Entity (DE) and undertake further sectoral planning and development of infrastructure in the pooled land. The Minister and LG today decided to do away with this requirement and land title continues to be with the original land owners.

DDA was asked to immediately initiate spatial and services planning for the five zones covered under Land Pooling Policy so that the policy could be given immediate effect after finalisation of regulations under the Policy.

While both the Minister and LG expressed concerns over delay in implementing Land Pooling Policy, Puri thanked Baijal for his initiative in having 89 villages declared as urban areas under the Delhi Municipal Act, 1957 and 95 villages as development areas, as required for the implementation of land pooling.

DDA was directed to formulate necessary regulations under the Policy in accordance with the changes in a month’s time. DDA was also asked to ensure single-window clearance mechanism for according necessary approvals for speedy implementation, sources said.

Land Pooling Policy covers the greenfield areas in five zones viz., J, K-1, L, N and P-II coming under the Master Plan of Delhi-2021. To incentivize dense development for effective utilization of scarce land resource in the national capital, the policy permits enhanced FAR of 400 as against the present 150. To promote affordable housing, an additional FAR of 15 percent is also allowed.

About 22,000 hectares of land is expected to be pooled which could meet the needs of about 95 lakh people. Land pooling would catalyse economic, social and civic development of the national capital besides triggering substantial investments and employment generation.

Under the Land Pooling Policy, 60 percent of pooled land would be returned to land owners after infrastructure development, if the pooled land is 20 hectares and above and 48 percent, if the land pooled, is between 2 and 20 hectares. Of the 60 percent of returned land, 53 percent will be for residential purposes, 5 percent for city level commercial use and 2 percent for public and semi-public use. In the other case, the same would be 43 percent, 3 percent and 2 percent, respectively.

Affordable houses for Economically Weaker Sections to be built under the policy shall be of the size of 32-40 sq mt. Half of this housing stock shall be retained by the Developer Entity to house Community Service People working for the residents/owners of the Group Housing. These houses will be built at the site or at premises contiguous to the site allotted. The other half of affordable houses shall be sold to DDA at the base cost of Rs 2,000 per sq ft for further sale to beneficiaries.

Source :  http://www.moneycontrol.com/news/business/real-estate/land-pooling-in-delhi-further-simplified-now-dda-to-act-only-as-facilitator-2411407.html

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TWO MAJOR NOTIFICATION ON LAND POOLING POLICY & MPD 2021

Sticking to the timelines of “Delhi Master Plan 2021” and “Housing for All-2022″, DDA today notified two major announcements on Land Pooling Policy and MPD 2021:

1- DDA Land pooling Director notifies Development Area to boost planned authorized construction in Land Pooling Zones

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2- DDA notifies Norms for Land Distribution & Development Control for existing/modified/new Hi-Tech Industrial Areas under MPD 2021-IT/Service Based Industry Priority Sector

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Government announces new PPP policy for private investments in affordable housing

MUMBAI: Taking its efforts to achieve ‘Housing for All by 2022’ further, the central government has announced a new public-private partnership (PPP) policy for affordable housing that allows extending central assistance of up to Rs.2.50 lakh per each house to be built by private builders even on private lands.

Under this policy announced by Minister of Housing & Urban Affairs Hardeep Singh Puri, eight PPP (Public Private Partnership) models have been provided for private sector to invest in affordable housing segment.

It has also opened potential for private investments in affordable housing projects on government lands in urban areas.

While addressing real estate body NAREDCO’s summit, Puri explained that this policy seeks to assign risks among the government, developers and financial institutions, to those who can manage them the best besides leveraging under-utilized and un-utilized private and public lands towards meeting the target of Housing for All.

“We are not being prescriptive or restrictive with these models. Land being a state subject, the the governments can come up with more models that would help in ..

The two PPP models for private investments in affordable housing on private lands include extending central assistance of about Rs 2.50 lakh per each house as interest subsidy on bank loans as upfront payment under the Credit Linked Subsidy Component (CLSS) component of Pradhan Mantri Awas yojana (Urban). Under the second option, central assistance of Rs 1.50 lakh per each house to be built on private lands would be provided, in case the beneficiaries do not intend to take bank loans.

Puri stated that eight PPP options, including six for promoting affordable housing with private investments using government lands have been evolved after extensive consultations with States, promoter bodies and other stakeholders.

The six models using government lands are:

1.DBT Model: Under this option, private builders can design, build and transfer houses built on government lands to public authorities. Government land is to be allocated based on the least cost of c ..

Source:
http://economictimes.indiatimes.com/articleshow/60777583.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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