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Delhi Land pooling policy finally approved by Delhi Lieutenant Governor and Ministry of Housing and Urban Affairs. LPP (Land Pooling Policy) ended the many years long waiting of land acquisition system.
This LPP benefit makes it highly significant in modern days. It will also prevent ever increasing land price. As a matter of fact, transparency in old land acquisition policy is below standard and farmers always complaint for less and unfair compensation.
Autonomy for Public Private Sector- According to the newly introduced MPD 2021 & Land Pooling Policy, Delhi Development Authority (DDA) will only work as a facilitator. Due to this wonderful feature, public private sector will get abundant chances to improve the development. Just because of no interference policy, private sector will swiftly develop new infrastructure while maintaining all rules and regulations.
Development in outer Delhi Region- Detailed reports suggest that population of Delhi has increased more than 10 folds in last five decades. It has increased the land requirement. If current situation is considered then Capital City-Delhi needs a kind of plan that can help to make the best use of land available in villages of outer Delhi. The main sources for additional land pooling projects land are Dwarka, Narela and Bawana. New policy will also help these outskirts to develop in a standardised way.
End of Land Acquisition Policy-One of the most significant factor why LPP is necessary is because it would end the decades old land acquisition system. What this will do is prevent the ever increasing price of lands due to acquisition policy. The transparency is far below standard and the compensations are unfair to the farmers.
Freedom to Public- Private sector DDA would only work as a caretaker/facilitator to this policy that would give the public private sector a chance to boom its relationship and hence enhance the development. No interference would give the private sectors ample freedom to develop infra within the rules set by the law.
Development in NCR There is a 10 fold increase in population of Delhi in the past half century, which has increased the use of land. Due to its expansion Delhi needs to sort out a plan to make use of its neighbouring villages’ land. These land of villages like Dwarka, Narela, Bawana etc would get a standard way of development.
No “leap- frog” development-Use of LPP would cut out the rise of unauthorized housing sectors which has taken its roots vastly in Delhi. Since the inception of these, the government has to unwillingly regularise this societies. Further, because of its unplanned nature, many problems arise within the city while making progress in transportation projects such as Metros and Urban Extension Roads and many other infrastructures.
Ample Employment opportunities-During the tenure of the development of LLP, it would provide home to more than 10 million households. This would vastly increase employment opportunities for every class of people who are related to the construction sector. It would help in the economic boom as well since there are many chances the foreign investments would be playing a key role in providing infra.
Revenues though tax It would be a very profitable venture for both the government as well as the owner of the land. The owner gets an opportunity to recover incurred cost and land as well. LPP would make for an accurate land registration system which would significantly increase public revenues from property taxes.
Revoke struggling real estate market– The LPP would give real estate market a chance to re-establish itself. Land market is down, which is a hindrance to a nation. LPP would bring people back to real estate.
Adding to these benefits, many of the most developed cities has stick to the LPP mode of development and it has shown tremendous results. In India too, the states such as Gujarat, Andhra Pradesh etc have been pioneers to LPP.