Land Pooling Policy 2020

Jan 30,2020 / By Supriya Mogarala / No Comment

Land Pooling Policy (LPP)

Delhi Development Authority (DDA) has formulated a Master Plan 2021 for Delhi to improve city planning in the divided zones under the Land Pooling Policy (LPP). Land Pooling Policy is the consolidation of small land parcels to make them into one larger land for construction in order to accommodate the residential and commercial solutions to the people of Delhi NCR. Under the Land Pooling Policy of Master Plan Delhi-2021, the national capital region will begin the smart city plan.

Land Pooling Policy was announced by the urban development ministry in September 2013. The initial phase would see several landowners/developers/societies to pool their land and assign it to the government for developing a percentage of land and retain a percentage to build infrastructure. Delhi Development Authority and the developers would operate in partnership for the development of the LPP Zone.

As per the Master Plan Delhi-2021, 6 Zones amongst a total of 15 zones come under the Land Pooling Policy. These zones are J Zone of South Delhi, K Zone of South West Delhi, and L zone in West Delhi. These zones will attract population and thus the difficulty of housing solutions will be fixed under the LPP.

Land Pooling Policy has encouraged the development of the Indian real estate market and retaining hopes of the builders. Homebuyers can buy luxurious houses at affordable rates in all the prime localities of Delhi NCR. The cautious use of large land parcels will benefit the stakeholders. It’s more beneficial to invest in the LPP approved projects and experience living around robust infrastructure.

Key Amendments:

Timely development of infrastructure.
Enabling farmers to pay development charges.
Mandatory EWS housing units.
Full utilization of approved floor area ratio (FAR).
Urbanization of 20,000 hectares of land.
95 villages are coming together to develop.
Provision of 14-16 lakh housing units in Delhi.
48-60 percent of the land to be returned back to the owners.

Major benefits of Land Pooling Policy:

The archaic Land Acquisition Policy has been mastered by the LPP, thus promoting proper land-use and bringing out transparency in land management.
Better revenue for the landowners and the government.
Better living at affordable prices.
PPP Model has been introduced, and it is the first time the government sector is working with private entities to construct quality development in the prescribed zones.

Image Source: Quora

The dark red areas in the above map are the residential centers where the maximum population of Delhi resides. The red spots on the map imply that the residential centers of the city that are fully populated cannot accommodate any more residents on the currently available land. Delhi needs to expand to meet the needs of the migrant population which is expected to be 2.3 crores by 2021. The current infrastructure is only equipped to handle 1.5 crores of the 1.9 crore residents.

Distribution of land returned to DE (60%):

Gross residential – 53%
City-level (commercial) – 5%
City-level (public/ semi-public) -2%

Distribution of land returned to DE (48%):

Gross residential – 43%
City-level (commercial) – 3%
City-level (public/semi-public) – 2%

Which areas will come under the ambit of this policy?

To compensate for the 50-60k acres of land requirement in the upcoming years, areas like Narela, Najafgarh, and Bawana will witness land pooling and development. About 89 of the 95 villages have been listed as urban villages that will accommodate development. This system is a part of the master plan for Delhi-2021 according to which the city of Delhi will be developed.

The master plan has highlighted the following roles in infrastructure development for each:

DDA:

Time-bound development of Master Plan Roads.
Create a plan for physical infrastructures such as water supply, sewerage, drainage, provision of social infrastructure, and traffic and transportation infrastructure including metro corridors.
External development in a time-bound manner (external development charges and other development charges acquired for city infrastructure shall be payable by DE on the actual cost incurred by DDA)

Developer Entity (DE):

Approval of layout/ detailed plan from DDA
Demarcation of roads as per layout plan, sector plan, and obtain verification of the same from the concerned authority.
Develop sector/ internal roads/ infrastructure/ services in its share of land (which includes water, power supply lines, rainwater harvesting, STP/ WTP, etc.)
Timely completion of development and its maintenance with all facilities (open spaces, roads, and services till the area is handed over to the Municipal Corporation)

Special Provisions for the Economically Weaker Sections (EWS):

As per the master plan, the developer entity will assure sufficient provision of EWS and other housing as per the Shelter Policy of the Plan. Aside from this, the developer entity shall also declare the prescribed built-up spaces, EWS dwelling units, and LIG Housing components to the DDA as per the policy.

The EWS Housing unit size range within 32- 40 square meters.
50% of EWS housing stock to be maintained by DE for regulated sale for community service personnel and the remaining 50% to be sold to DDA, which will be improved as per CPWD index at the time of handing over.

Development Framework and Control Measures

The Government/ DDA will be answerable for creating and implementing a framework for Land Pooling Policy to:

Frame detailed regulations including process and a timeline for participation in a time-bound manner. The laws shall be put up in public domain for capturing views of all stakeholders by giving a 30-day time frame
Create a dedicated unit for dealing with approvals of Land Pooling applications
Create a Single Window Clearance wherein all the agencies accountable for giving time-bound clearances will meet regularly as per notified timelines.

DDA shall formulate the following norms pertaining to the policy:

The residential Floor Area Ratio (FAR) of 400 for group housing to be applicable on net residential land exclusive of 15 percent FAR reserved for Economically Weaker Section (EWS) housing. Net residential land to be a maximum of 55 percent of gross residential land.
This is explaining the concept of building higher to support more population
FAR for city-level commercial and city-level public/semi-public development to be 250.
Subdivision of residential areas and provision of facilities shall be as per MPD-2021.

How shortly will it be implemented?

Lieutenant Governor Anil Baijal has approved and notified DDA Land Pooling Policy, and the implementation is set to begin once proposals are built on the final draft.

Apart from this, the developers have already started pooling land and we can see housing units soon.

What’s in it for a Delhi resident?

Being a Delhi citizen, you can expect approximately 25 lakh housing units in the coming 10 years. That means cheap and affordable housing.

If you are not a Delhi Resident, you can still invest your money in the land pooling scheme so to be a part of one of the biggest real estate booms in India.

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2019 Festive Offers & Deals on Housing in NCR

Sep 26,2019 / By Prahalad Singh / No Comment

The festive season is deemed to be a favorable time for many of the Indian homebuyers, which developers and builders look to benefit on. It is the time of the year when people want to make new investments and purchases. To catch the sentiment, property developers come up with attractive offers & discounts. These offers & discounts during festive seasons are unique, competitive so that it could suit the target market. From a homebuyer’s viewpoint, this is one of the best periods to look out for their ideal homes, as most of the developers would be competing for their attention through these offers & discounts. Even property experts say that the festive season is the best time to invest in property.

Like every festive season, this time too, the real estate developers of NCR are showering offers and discounts like no EMI until possession, cash discount, free registration and stamp duty, GST waivers, free modular kitchen, free car-parking, iPhones to cars, club membership, registration & stamp duty among others to attract homebuyers back to the market.

Now, if you are planning to buy your dream home or want to invest in property in the national capital region (NCR), we list for you some offers & discounts that you must like to grab this festive season. Let’s check out some of the offers:

Delhi-NCR

Builder’s Name	Offers & Discounts
Gaur Group	Free Registration of Property, Semi-modular Kitchen, Air-conditioning, LED TV, Gold Coin, Refrigerator, Air-purifier, Washing Machine, Armani Wrist Watch among others.
Saya Group	Possession-linked payment plans – 30:20:50
Mahagun Group	GST waiver, Free car parking, Modular kitchen, club membership, etc.
Gulshan Homz	Free covered car parking, Power backup, Club membership, and lease rent.
Bhutani Infra	iPhone, iPad, and LED TV
Urbania Spaces	Dinnerware and Samsung tabs on every booking of 100 sq ft and 200 sq ft at its commercial project.
SG Estates	Monthly rental till possession, Free club membership, LED TV, etc
Spectrum Metro	Assured gifts up to Rs 1 lakh on every purchase and a chance to win Mercedes Benz

What builders do normally to clear their inventories?

Instead of reducing the per square feet (PSF) rate, normally, builders give discounts & offers and freebies to potential buyers. And to attract home buyers, normally builders experiment with the all-inclusive price.

Are these offers and discounts trustworthy?

Sometimes Yes, Sometimes No!! It all depends on the buyer’s bargaining ability. There are a few points which homebuyers should keep in their mind while buying properties during festive season:

Do not hurry for freebies. Give priorities to your requirements.
Don’t fall for the misconception of festive sales. Properties in a specific market are already available at a reduced price. If the builder is promoting the deal as ‘limited offer’, be aware that after the festival season, the benefits would remain almost the same or will be turned into some other offer.
Make out whether you are really saving big with that deal. The overall cost of the freebie and gift is included in the cost of the home. It is the buyers who need to choose which deal or offer suits them the most.
Make sure that the cost of freebies has not been added to the basic cost of the unit and that there are no hidden charges which the builder will ask for later.
If the offers & discounts are appropriate for all units or only select units? Sometimes, non-premium or non-Vastu compliant units are sold at huge discounts.
Figure out the price of the units over the last few months. Sometimes seen value to actual value might differ effectively.

What are homebuyers exactly looking for this festive season?

Homebuyers want a little extra to make a fresh deal this season. They are looking for affordability with modernity. From amenities that match their modern lifestyles including modular kitchens, luxury bathroom fittings, etc. Buyers are more clever than before, and are willing to take 80-85% loan but won’t negotiate with amenities. Good location with entree to lifestyle options like clubs, gym, parking, and markets is important to deal with. This is special from the normal discounts, fee waivers and rent guarantees by builders for festive sale gifts.

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How Jewar airport going to impact the NCR real estate market?

Dec 13,2017 / By Priyanka / No Comment

Recently, the Uttar Pradesh government gave its approval for the second airport in Nation region Capital which will be built at Gautam Buddha Nagar’s Jewar in four phases

The state government has estimated that approximately 3,000 hectares of land would be required for the airport development. In the first phase, development work will be carried out across 1,206 hectares which is worth Rs 3,000 crore approximately.

The Jewar airport will be opened to the public in the next five to six years and the total estimated cost of the airport is around Rs 20,000 crore.

The project got a go-ahead from the Centre in June this year and a no-objection certificate (NOC) was issued on October 5 by the Centre for the project.

The state government, this August publicized that they have the plan to link Jewar with a Metro connectivity. The metro line would extend the current Greater Noida Metro Line to the airport site at Jewar which means the Metro link would be stretched further from Pari Chowk.

Will Jewar airport impact NCR real estate?

Like any other main infrastructure projects that benefit real estate markets, the Jewar airport, too, is projected to change the real estate dynamics in Noida and the neighboring areas.

A recent fall in the property market has led to a huge inventory pile-up. But after the airport project got approval, real estate developers have invested around Jewar and expected to have a positive effect on property prices.

Why is the necessity of an airport in Jewar?

Denizens living in other cities of western UP and some cities of Rajasthan have to travel to Delhi if the travelers plan an air travel. An airport in Jewar will be helpful for these people. This airport will not only serve the aviation needs of Delhi but also of cities such as Agra, Bulandshahr, Mathura, and Meerut. The civil aviation ministry expects this airport to give a boost tourism and economic potential of the region.

Flying affordability

Being built as part of the government’s regional connectivity scheme, the planned airport in Jewar is expected to provide travelers reasonable options.

Windfall for landowners

As the state government is intense to develop infrastructure, the land acquisition process will be easy further, resulting in bigger financial benefits for Jewar’s landowners. Around 2,378 acres of land has already been attained to develop the airport. Plans for providing the area with a Metro connectivity are likely to develop the prospects for investors.

The state government earlier has selected the Yamuna Expressway Industrial Development Authority (YEIDA) as the nodal organization to set up the airport.

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