There are a number of options in the market for homebuyers interested in DDA’s Land Pooling Policy. This comprises of both Societies and builders. Also, there is no clarity on the legality of their existence and if they could sell the units before the commencement of anything concrete on the ground. So if one still feels keen in looking into the available options, we would like to offer a check list for the prospective buyers.
A number of like-minded individuals come together and decides to take a route leading them towards a common interest. With time more people would join the bandwagon ensuring the sustainability of the idea. As far as we understand, societies have always worked on a similar principal. DDA’s Land Pooling Policy is one such lucrative concept which has lured people from public / private companies alike into forming such housing /welfare societies to take advantage of the policy. DDA too has abstained from taking a clear stand on the legitimacy of such societies.
One must take into account certain precautions before investing into any proposed society/builder project in any of the zones under LPP.
Registration and Mutation of Land:
First comes the NOC after which comes registration of the land. It is then followed by mutation which could also be considered the most important step towards the procurement. One must ensure that the society holds the required papers for the land they claim to be theirs.
Do a background check:
Not all societies would be formed by genuine beings. Try not to get swept away with the market sentiment and do a thorough check for the authenticity of the managing committee.
Societies are supposed to work on a no-profit no-loss basis and no commercial activity should be carried out by them. They are supposed to get their accounts audited after the end of every financial year. Better level of communication is expected since most of the times they get formed with the participation of known ones.
Delhi’s L-Zone is located in South-West Delhi and is strategically positioned between Dwarka and Gurgaon. It is the most popular zone among property buyers of all the zones in Land Pooling Policy; and is expected to give an impetus to the slow and stagnant real estate market of the national capital.
Zone L is the most popular zone among property buyers, housing societies and real estate developers. It has the highest land bank among all the zones in the MPD-2021. Many reputed builders of Delhi-NCR have not just stepped in but have already launched their new residential projects in L-Zone. L-Zone for being so strategically placed, is supposed to provide excellent returns on your investments. The property prices are way too low here as of now as compared to the adjacent already developed areas. But the land/property price in this zone is rising with each passing month.
L Zone, among all the zones, is probably the best in terms of location and connectivity.
L-Zone is close to IGI Airport. It is strategically located between Dwarka and Gurgaon; is close to Dwarka Sector 21 Metro Station and Dwarka expressway. The zone is in close proximity to New 18 Hole Golf Course, which is under construction and upcoming new diplomatic area. 80 M wide UER-II will connect L-zone with Airport, Dwarka and South-Delhi.
A substantial development of Residential, Commercial, Public and Semi-public segment will happen through public – private partnership. This is largest of all the zones to be a part of Delhi’s Land Pooling Policy. Hence it is expected to supply the largest share of property in the capital.
It is surrounded by NH-10/Rohtak Road and Railway Line on its North side; the NCT of Delhi’s boundary on its southern and western sides; and it is just a few kms away South Delhi and West Delhi.
Smart City tag or not.. Delhi’s upcoming zones will have all the components of a smart city.
Some of key features to look forward to are: Advanced water and solid waste management system, well planned mass transport system along with dedicated cycle lanes, extensive use of green technologies, such as solar power generation, rain water harvesting etc, better mobility through planned elevated roads, Wifi hubs with high speed internet connectivity and facilities such as parks, schools, recreational areas, retail outlets etc.
Since Independence there had been a number of proposals to turn Delhi into a world class city, something it deserved to be.. but that all had stayed on paper or did not materialize into the actual thing because of ill-conceptualization. Delhi Development Authority was formed with the very same reason to put Delhi on the right track in terms of infrastructure. But even after over 6 decades of independence, Delhi has not been able to achieve that status. Even though DDA has a couple of things to brag about, Dwarka and Rohini being a couple of those, but has largely failed to meet the city needs so far.
Nonetheless, the announcement of Land Pooling policy has the brought in the much needed respite and although it may be too soon to say it but still would say, it has the caliber to take this city’s repo to new heights.
Absence of such mechanism / policy had been the cause to such large scale development of unauthorized / unplanned colonies. With no governmental involvement, these colonies lagged in the very basic amenities, such as electricity connections, sewerage, drinking water and even proper roads /streets. With Delhi falling under high-risk seismic zones, these issues become grave.
DDA / UD Ministry have taken time to implement the policy and they may take more time but that should be the recommended approach. We Indians have the tendency to plan on the run, though it should not be the recommended way, specially, when it comes to city planning.
All’s well that ends well… and if DDA is able to pull this well, it may lead the city towards a better and much awaited future. Let us keep our fingers crossed.