Delhi Development Authority (DDA) declared a statement on Friday that it may do a discussion to offering the fixed FAR i.e. the (Floor Ratio Area) to the builders who are working under the Land Pooling Policy.
The director of DDA NR Aravind made a statement-Though it’s not decided yet but still, they are looking towards the possibility of the FAR under the Land Pooling Scheme. He also said that the FAR should be the same in the sectors.
While the NR Aravind declared this news about the Land Pooling Policy at the building’s Joint Capital which was arranged by the Federation of Indian Chambers of Commerce and Industry (FICCI) and the Delhi Development Authority(DDA).
At the event there, Ministry of Housing and Urban Affairs, Ministry of State (Independent charge) some people including Harshdeep Singh Puri, announced that the Land Pooling Policy would convert Delhi into the world largest metropolitan city till the year 2024.
The chairman and lieutenant governor (LG) of Delhi Anil Baijal mentioned land pooling policy saying that they have provided the power of all the development to the landowners and developers. He explained by stating an example of Magarpatta in Pune where the Pooling Policy was successfully implemented and followed.
When Baijal was giving detail information about the attributes, in the conversation he also announced that each sector would be designed in a way to be called the Zero-recharge sector. Also, he would also be providing variable of loading FAR which implies that the lower FAR would be offered to the water bodies and the green areas nearby while on the other hand, the higher FAR would be put in closeness to the transit corridors.
Afterward, the vice-chairman of DDA Tarun Kapoor declared that the 6,400 hectares which are about more than 15,000 hectares of land has been successfully registered for the pooling of land till the date 6th September which was the last date of the registration.
Along with this, the Kapoor also said that the DDA will be offering the handholding to the consortiums so that more amounts of people will be aware of the policy and it would encourage them to participate in it.
The final aim of the DDA’s Land Pooling Policy is to do development of at least five zones while measuring the 19,000 hectares of land. So, further, these zones will be dividing into the sectors accordingly. There is a minimum of 70% of contagious land is required to be pooled so that it could achieve a sector for the development under the land pooling policy.
Till 6th of September, the landowners have successfully registered their lands, now they will be getting 60% of their lands back for the development to be started. While those who approached the authority after 6th September would be getting 55% of their land back. Also, 40 to 45% of the land would be used in the development and to provide social and physical infrastructure so it will be maintained to the longest.