New Delhi: Hardeep S Puri, Minister of State (I/C) for Housing and Urban Affairs has stated that the land pooling policy based on public private partnership in land assembly in urban development represents a paradigmatic shift, wherein land is being pooled and is to be developed by private landowners. He further informed that the owners/group of owners can pool land parcels of any size for development as per prescribed norms and guidelines based on sectors as delineated in ZDPs. “The Policy mandates that each sector will have a 60:40 ratio with 60% of the land to be developed by Land owners/consortium for residential, commercial, partly Public Semi Public (PSP) land uses and 40% of the land to be used for various city level infrastructure requirements including roads, greens, PSP facilities, development of utilities i.e. water, sewerage, electricity etc. with involvement of private sector”, he added. He was speaking at a Conference on ‘Land Pooling : Building India Capital – Opportunities in Real Estate and Infrastructure organized by Delhi Development Authority(DDA) in association with the Federation of Indian Chambers of Commerce and Industry(FICCI), here today. Anil Baijal, Lieutenant Governor of Delhi, Tarun Kapoor, Vice Chairman, DDA besides land developers, stakeholders and urban planners were also present at the Conference.
The Land Pooling Policy augurs well for shaping Delhi’s urban landscape, bolstering economic growth and improving living standards. DDA proposes to take up planning of the sectors which are likely to achieve the minimum threshold of 70% as Model Sectors on priority to generate momentum in real estate and infrastructure sector. Under the policy, every 1000 hectares of pooled land will accommodate about 3,85,000 persons in approx. 85,000 Dwelling Units. About 17 lakhs Dwelling Units are expected to be constructed of which approx. 5 lakhs will be available under EWS category. The housing generated under the Land Pooling Policy will be a key input in economic, social, and civic development of the city. Simultaneously, development of the trunk infrastructure i.e. roads, water supply, electricity supply, etc. will be taken up by DDA in coordination with the service providing agencies.
Anil Baijal, LG of Delhi during his address stated that the success of the policy largely depends on the provision of fast, time bound planning and development of city level infrastructure and infusion of capital which will act as a catalyst for integrated development of the sectors and zones. “While, DDA in close coordination with service providing agencies such as Transco, DJB, local bodies etc will work towards it, the participation of the private sector is equally important. The required capital investment for development of smart infrastructure, housing, schools, medical facilities etc. requires deliberation on collaborative models between DDA, Service providing Agencies, landowners with investors/real estate segment. This conference is a step towards this effort to partner and get on board Investors, Real Estate Developers, Banking sector and experts for making this policy a success”, he said.
