A
good news for the lower income groups who dream of owning a house in
Delhi. To increase the affordability of houses in Delhi, the Delhi
Development Authority (DDA) decided to build one lakh houses that
will be completed in next three years for the Economically Weaker
Sections (EWS) in order to reduce the number of illegal colonies and
to make Delhi free from unauthorized colonies.
As
DDA approved the much-awaited land pooling policy to pave way for
easier acquisition of land for housing projects, the venture is set
to bring about a change in the regular procedure of acquiring land,
to make it effective in favor of developers and to prevent an
increase in the number of slum groups.
The
master plan of this project envisages development in nearly 21, 000
hectares to build residences and about 2, 073 will be allocated for
commercial activities in the periphery of the existing city. 50% of
the pooled land would be handed over to DDA for building EWS housing
and the remaining 50% of dwelling units developed by the developer
entity would be sold to the DDA for EWS housing purpose.
Under
the policy, there will be two categories of land pooling, in the
first category 60 % of the total pooled land will be used by a
developer entity and the rest 40% will be kept by the DDA. And in the
second category out of 48 % some will be used for residential
purpose, some for commercial and the rest will be for semi-public
use.
To
make the project successful the authority has approved to facilitate
residential floor area ratio (FAR) at 400 for group housing societies
on net residential land, which is exclusive of the 15 % to facilitate
achieving enhanced FAR for EWS housing.
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