DDA i.e. the Delhi Development Authority recently informed that they plan to offer flexible floor area ratio (FAR) to the developers under the land pooling scheme [LLP].
While speaking on the sidelines of Land Pooling: Building India’s Capital, an event jointly organized by FICCI and DDA, NR Aravind, director (Land Pooling), DDA said, the proposal is not finalized. However, we are examining the possibility and feasibility of flexible FARs under the LLP scheme. He also said that the final FAR of the sector has to be same.
Hardeep Singh Puri, minister of state (independent charge), Ministry of Housing and Urban Affairs was also present in the event said that the policy will turn Delhi into the world’s largest megapolis by 2024.
Anil Baijal, lieutenant governor (LG) of Delhi and chairman, DDA said that the authority has made developers the anchor of development ship in Delhi under the land pooling policy. He also shed light on Magarpatta City in Pune as an example of implementing the land pooling policy successfully.
Tarun Kapoor, Vice-Chairman, DDA informed that 6,400 hectares or over 15,000 acres of land is registered for land pooling till 6th September after which the registration for the same is closed.
He also said that DDA would provide handholding to the consortium of landowners in one or two sectors so that more are encouraged to participate in it.
The Delhi Development Authority aims to develop five zones in 19,000 hectares under the land pooling policy. All these zones will be divided into sectors. A person has to have atleast 70% contiguous land of the developable area in the area where land pooling has to be for being eligible under the scheme.