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DDA finally approves land pooling policy
The Delhi Development Authority's land pooling policy, which is expected to meet the residential needs of about 95 lakh people besides stimulating economic growth, has finally been approved, BJP MLA Vijender Gupta has confirmed. It was cleared at the Authority's board meeting chaired by the lieutenant governor Anil Baijal on Friday. "The policy is likely to be notified within two to three weeks. It will pave the way for creation of affordable housing stock in Delhi," Gupta told Moneycontrol. In December last year, the policy was simplified for speedy execution. DDA was to act as a facilitator and planner as against the role initially envisaged for it as a part of simplification of execution of land pooling policy. What that means was that the transfer of pooled land to the DDA will not be required. To know more please visit: https://www.moneycontrol.com//news/business/real-estate/dda-finally-approves-land-pooling-policy-2929081.html