Real Estates Now

A housing society group on Thursday urged  Prime Minister  Narendra  Modi to ensure implementation of earlier approved Land Pooling Policy, as the new policy will deprive people of  affordable housing  in some parts of the national capital, and also warned of an agitation if this was not done. The Federation of Housing Societies and Developers in  Delhi  (FEDHSDD), which held a day-long protest at the  Delhi  Development Authority's (DDA) office, also wrote to Modi demanding immediate rollback of modified land pooling policy as it will "increase the cost of homes by 40-50 per cent and affect more than 40,000 people who have invested under the policy". "This sudden spike in rates is because the DDA, in its modified policy, has brought down the Floor Area Ratio (FAR) from 400 to 180. This change defeats the main purpose of  affordable housing  and will lead to the growth of unauthorized colonies in Delhi," FEDHSDD  Secretary  Satish Aggarwal  told th

Delhi Development Authority vice-chairman Udai Pratap Singh has said the land pooling policy was ready and "board of hearing" would be held by month-end. "Hopefully by July-end, the policy on land pool will be submitted to the ministry which will notify it," he told reporters at a press briefing organised by the housing and urban affairs ministry. Under the policy, agencies will develop infrastructure such as roads, schools, hospitals, community centres, stadia on the pooled land and return a portion of the plot to the farmer who can execute housing projects with the help of private builders. Earlier this week, housing and urban affairs minister Hardeep Puri had told Moneycontrol in an exclusive interaction that all the work on the land pooling policy had been done. “Land pooling got mixed up with master Plan amendment. Now that the court has lifted its stay we are in the process of the 15- day consultation. That 15-day consultation period will be over