New Land Pooling Policy Will Deprive People Of Affordable Housing

The earlier policy would have provided at least 25 lakh affordable homes to people including 50,000 homes to people in the Economically Weaker Section (EWS) category.

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New Land Pooling Policy Will Deprive People Of Affordable Housing

A housing society group urged Prime Minister to ensure implementation of earlier approved Land Pooling Policy, as the new policy will deprive people of affordable housing in some parts of the national capital.

The Federation of Housing Societies and Developers in Delhi (FEDHSDD), which held a day-long protest at the Delhi Development Authority’s (DDA) office, also wrote, demanding immediate rollback of modified land pooling policy as it will “increase the cost of homes by 40-50 per cent and affect more than 40,000 people who have invested under the policy”.

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This sudden spike in rates is because the DDA, in its modified policy, has brought down the Floor Area Ratio (FAR) from 400 to 180. This change defeats the main purpose of affordable housing and will lead to the growth of unauthorized colonies in Delhi, FEDHSDD Secretary told the media.

He has also alleged that the DDA has taken a “U-turn” on their 2013 land pooling policy notification and arbitrarily modified the policy to benefit large developers and builders by reducing FARs, making a one-time payment of External Development Charges (EDC) mandatory and by making provision of consortium necessary.

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He also pointed out that the earlier policy would have provided at least 25 lakh affordable homes to people including 50,000 homes to people in the Economically Weaker Section (EWS) category.

The people of Delhi have invested approximately Rs 35,000 crore in it. Previously, all the stakeholders and farmers were satisfied with the provisions but now, from where will we manage the extra money, he said.

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Farmers who have sold their land in the proposed zone in north Delhi are up in arms against DDA and have threatened to launch a big protest. The Federation has given several letters to the DDA Vice Chairman and has also written to Prime Minister to resolve the issue, but the government has failed to listen to our suggestions, he said.

Source Link- https://www.business-standard.com/

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