DDA approves land pooling policy
Jul 28, 2013
Source : The Economic Times

 

NEW DELHI: Delhi's land owning agency, Delhi Development Authority (DDA), has approved its ambitious land pooling policy that envisages change in the manner land is acquired in the capital.

 

"This was decided in a meeting of DDA Friday... Land pooling policy was approved. It will be sent to the urban development ministry for final approval," said a DDA official.

 

According to the policy, private players will enter the land sector.

 

DDA will take the land from these players, develop it and then give a chunk of it back to them. This will be done instead of the earlier norm of paying compensation.

 

The new policy will involve the owner in land development.

Latest Realty News

Real estate's share in GDP estimated at 6.3%: Report
Jul 28, 2013
NEW DELHI/MOSCOW: The contribution of the real estate sector to India's GDP has been estimated at 6.3 per cent in 2013, and the segment is expected to generate 7.6 million jobs in the same period, according to a report.
P Surya Prakash appointed National President of ACCE (India)
Jul 27, 2013
DELHI: The Association of Consulting Civil Engineers (India) (ACCE (I)) today announced the appointment of Mr. P Surya Prakash as its new National President. With around 28 years of rich experience in the civil engineering sector, Mr. Surya Prakash will be responsible for the operations of ACCE (I) until 2015 and takes over from Mr. B S C Rao whose term ended in (Month) 2013.
DDA approves land pooling policy
Jul 27, 2013
DELHI: The Delhi Development Authority (DDA) today approved the much-awaited land pooling policy which will pave way for easier acquisition of land for housing projects.
Works in 200 more illegal colonies of Delhi soon
Jul 26, 2013
BANGALORE: Armed with an in-principle approval from the union urban development ministry, the poll-bound state government is all set to take up development works in over 200 unauthorized colonies even as these do not meet the eligibility criteria of 50 percent built-up area in 2007 as per regularization guidelines.
‘Spire Tec’ is now World Trade Center, Noida
Jul 26, 2013
NOIDA: ‘Spire Tec’ in Noida is North India’s second World Trade Center (WTC) after WTC Manesar (erstwhile Spire Edge), and also a member of an elite global business network that includes more than 330 WTC complexes in 100 countries.
DLF exits from insurance biz; sells 74% stake in DLF Pramerica
Jul 26, 2013
DELHI: Realty major DLF today exited the life insurance business by selling 74 per cent stake in its joint venture DLFPramerica Life Insurance to Dewan Housing Finance for an undisclosed amount.
10,000 low-cost flats to slum dwellers in Delhi soon
Jul 26, 2013
DELHI: With an eye on upcoming assembly polls, Delhi government today decided to start allotment of around 10,000 low-cost flats soon to slum dwellers in keeping with its plan to make the national capital slum-free.
New home sales fall in Delhi NCR, Pune, Chennai, Mumbai; sales picked up in Bangalore
Jul 26, 2013
DELHI: New home sales fell in Mumbai, Pune, Chennai and Delhi-National Capital Region in the June quarter but picked up in Bangalore, according to data from property research firm Liases Foras.
Shri Infratech enters solar power
Jul 25, 2013
DELHI: “Green, clean energy for all has been my dream” says CMD, SHRI INFRATECH, Shri Manoj Dwivedi. “The possibility of providing power the villages and rural towns 24 x 7 is indeed a very exciting one. Can you image what would happen if this became a reality? We would increase productivity, provide students with electricity to study and get ahead in life. It would revolutionalise life as we know it in the tier II and tier III cities. The problem so far has been the creation of power. Coal & O
Master Plan tweaked to let highrises come up in Delhi
Jul 25, 2013
DELHI: A proposed amendment for allowing high rise buildings has been introduced in the Master Plan Delhi-2021 during the review process of the document. Buildings higher than 15 m and without stilt and those higher than 17 m with stilt in all land use zones will be considered as highrise buildings, the modification to the Master Plan stated.

Latest Realty News Of State

Realty Talk's