The Delhi Development Authority (DDA) approved its ‘land pooling’ policy which promises to give an impetus to faster development in the Capital.
The new policy allows owners to pool their land for development and instead of compensation, they will be given 40-60% of the developed land.
The land pooling policy will have two categories — for land above 20 hectares and those between 3 and 20 hectares. For land measuring 20 hectares and above, owners will get 60% of the developed plot back and those between 3 and 20 hectares will get 40% land back, with rest of the area remaining with the DDA. The minimum area required to be pooled for this policy is 3 hectares.