HERE’S EV­ERY­THING YOU NEED TO KNOW ABOUT THE LAND POOL­ING POL­ICY

HT Estates - - NEWS - Per­cent­age of land a developer will get back from DDA? How is land ‘re­turned’? Min­i­mum size of land par­cel for land pool­ing What if land mea­sures less than five acres? How long will it take to op­er­a­tionalise the pol­icy?

Where LPP is con­cerned, land parcels owned by in­di­vid­u­als or groups are legally con­sol­i­dated by trans­fer of ownership rights to the des­ig­nated land pool­ing agency. The agency then trans­fers ownership of part of the land back to the landown­ers for de­vel­op­ing such ar­eas. The pol­icy is ap­pli­ca­ble in the pro­posed ur­ban­is­able ar­eas of the ur­ban ex­ten­sions for which zonal plans have been ap­proved 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 hectares of land, then DDA will re­turn 60% of the land, (II) if the developer’s land par­cel mea­sures less than 20 hectare, DDA will re­turn 48% of the land

Ac­cord­ing to DDA, when it gets 60% of land from a par­tic­u­lar sec­tor of the land pool­ing zones, it will have a draw of lots and re­turn the land to de­vel­op­ers. It’s not nec­es­sary that de­vel­op­ers will get the same par­cel they gave to DDA. The Author­ity can re­turn land any­where within five kilo­me­tre ra­dius of where the orig­i­nal plot ex­isted Five acres min­i­mum can be handed over by the developer to DDA. Th­ese plots can be of vary­ing sizes and at dif­fer­ent lo­ca­tions in land pool­ing zones Land parcels mea­sur­ing less than five acres will have trans­fer­able de­vel­op­ment rights and such land own­ers can trans­fer their ownership rights to any prom­i­nent landowner Ac­cord­ing to ex­perts, it will take five to seven years for the ac­tual im­ple­men­ta­tion of the new pol­icy

IS­TOCK

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.