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"We are raising this issue with Delhi Government from last one and half year and met several time with Delhi Chief Minister Arvind Kejriwal. Now Delhi Chief Minister has assured that his government will notify land pooling policy by May 7," Amit Dabas from Delhi Dehat Vikas Manch's said.
According to the Delhi Dehat Vikas Manch, post the MCD election there will be a clear way for construction of 24 lakh affordable housing in Delhi and 15% housing will be for Economic Weaker Section(EWS).
The Policy was notified by the Ministry of Urban Development in September 2013 while the regulations for operationalisation of the policy were approved in May 2015 by the ministry.
Majority of Lands which are falling under this policy are in Narela, Najafgarh and Bawana.
According to the land pooling policy, the land owners offering between two to twenty hectares of land for development will receive at least 40 percent of their land back, and those who are giving away 20 hectares of his land would get 60 percent of their pooled land back once the development is completed.
The remaining land would become DDA's property and will come under the Master Plan 2021.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)