Land Pooling Is A transformative Step For Urbanisation Says Hardeep Singh Puri

Hardeep S Puri, Minister of State (I/C) for Housing & Urban Affairs has stated that the land pooling policy based on public private partnership in land assembly in urban development represents a paradigmatic shift, wherein land is being pooled and is to be developed by private landowners. He further informed that the owners/group of owners can pool land parcels of any size for development as per prescribed norms and guidelines based on sectors as delineated in ZDPs. The Policy mandates that each sector will have a 60:40 ratio with 60% of the land to be developed by Land owners/consortium for residential, commercial, partly Public Semi Public (PSP) land uses and 40% of the land to be used for various city level infrastructure requirements including roads, greens, PSP facilities, development of utilities i.e. water, sewerage, electricity etc. with involvement of private sector, he added. He was speaking at a Conference on 'Land Pooling : Building India Capital - Opportunities in Real Estate and Infrastructure organized by Delhi Development Authority (DDA) in association with the Federation of Indian Chambers of Commerce & Industry(FICCI), today.

Powered by Capital Market - Live News