A blue­print for land pool­ing

HT Estates - - HTESTATES -

What is land pool­ing pol­icy? Un­der the land pool­ing pol­icy, the land parcels owned by in­di­vid­u­als or a group of own­ers are legally con­sol­i­dated, via trans­fer of own­er­ship rights to the des­ig­nated land pool­ing agency which later trans­fers the own­er­ship back to the land own­ers. Th­ese land own­ers are then en­trusted with the devel­op­ment of such ar­eas. Why has DDA in­tro­duced the land pool­ing pol­icy in Delhi in the pro­posed ‘ur­ban­is­able’ ar­eas? Ac­cord­ing to DDA, land ac­qui­si­tion and planned devel­op­ment has not kept pace with the in­creas­ing de­mand of ur­ban­i­sa­tion dur­ing the last five decades.

More­over, the process of ac­qui­si­tion is be­ing in­creas­ingly chal­lenged by land own­ers due to low com­pen­sa­tion as com­pared to the mar­ket value. So in the land pool­ing pol­icy ei­ther the de­vel­op­ers buy land from farm­ers at the mar­ket rate and hand it over to DDA or the farm­ers can them­selves be­come de­vel­op­ers by ty­ing up with con­struc­tion com­pa­nies. This will avert land ac­qui­si­tion com­pli­ca­tions.

How much land will a de­vel­oper get back from DDA? Ac­cord­ing to the DDA’s land pool­ing model, there are two cat­e­gories of land pool­ing – (i) if the de­vel­oper owns 20 or more than 20 hectare of land, DDA will re­turn 60% of land to him and re­tain 40%. ( II) If the de­vel­oper’s land par­cel mea­sures less than 20 hectare, DDA will re­turn 48% of land and re­tain 52% Zones which will be a part of the pol­icy Ac­cord­ing to the land pool­ing pol­icy, no­ti­fied on Septem­ber, 2013, the im­me­di­ate ur­ban ex­ten­sion is to be in the zones of J, L, M, N and P (I&II). How long will it take for the scheme to get op­er­a­tional? On Novem­ber 18, 2014, DDA sent the fi­nal reg­u­la­tion of the scheme to the Min­istry of Ur­ban Devel­op­ment, which has to give its ap­proval for no­tifi- cation. Once the reg­u­la­tions get no­ti­fied, DDA will in­vite de­vel­op­ers to ap­ply for de­posit of land. What’s the min­i­mum size of the land par­cel that a de­vel­oper must have to par­tic­i­pate in the land pool­ing scheme? The min­i­mum size of the land par­cel that the de­vel­oper will have to hand over to DDA is five acres. He can even own var­i­ous plots of dif­fer­ent sizes in the land pool­ing zones and the con­sol­i­dated size of the plots should not be less than five acres. How is land ‘re­turned’? Ac­cord­ing to DDA, when­ever it ac­quires around 60% land from a par­tic­u­lar sec­tor of the land pool­ing zones, it will hold a draw and re­turn land to the de­vel­op­ers. It is not nec­es­sary that the de­vel­oper get the same par­cel that he handed over to DDA.

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