Home » Real Estate » Land Pooling Policy: End of Leap-Frog Housing and Start of Affordable Housing

Land pooling policy in Delhi has taken the city into a turn. Land pooling in Delhi is possibly the greatest development in here since the Mughal and British eras. There are quite a few reasons why this policy has gained a grand image regarding the development point of view. It is a fact that a giant killer is always greater than the giant itself. In Delhi, the giant has been the random unauthorized development which has made housing a hell in the city. The features that make this policy a giant killer are mass-affective. It is actually exciting to know how it will end one of the biggest leapfrog developments in metros of India and pave the way for an affordable housing structure.

If we simply observe the facts, we find that Delhi has more than 2000 unauthorized buildings. If we go to the core to find that why exactly such high numbers exist in terms of random growth, we will find that money has everything to do with it. The story of unconstitutional buildings in Delhi starts from the time India opened itself for foreign markets. This made Delhi a core region of economic activity. One should remember that this was in addition to the already rich status of Delhi being the capital of India. This resulted in shoot up of prices in homes in Delhi. Meanwhile, village population keeps migrating to Delhi in search of better job opportunities. They got jobs but housing was always going to be a problem for them. Then, just as a middle-class person does, people started to construct homes in regions somewhat insignificant for the government to look at. Soon, buildings after building started to crawl up. This was one way such developments occurred. Another way was that people who had land didn’t know how to do construction that would sustain future growth of population. Many colonies such as Mahipalpur, Sangam Vihar and Okhla Vihar are examples of this.

The right way would have been that government should have taken the process and planned according to the stats. Anyway, letting bygones be bygones, land pooling policy is giving a whole new chance to the government as well as the landowners to design a housing and commercial structure which will suffice to the future needs. With the vast land of around 50,000 acres to be developed in Delhi, haphazard buildings will now be a thing of past. The construction of 2.5 million lakhs houses will automatically curb the problem. These numbers of houses are prearranged with that data of upcoming population. It will be a big relief to people living in conditions which are not suitable for health. Anyone traveling in Delhi will see families reside in areas less than 250 square feet. These families are especially those which come in the lower or middle-income group. To give such people a chance to have a good life, the government has provisioned 1 million EWS (Economically Weaker Section) homes. The amazing thing is that all these houses will be constructed by private developers who have the ability to make luxurious housing at affordable prices.

These affordable houses for middle and lower class will altogether change the housing industry in Delhi-NCR region. The affordability factor is big in land pooling policy as people can get a good luxurious comfortable home in just under Rs30 lakhs. This will be an average price of the unit for middle-class income home. The 1 million lower income homes under the land pooling policy will come in Rs10-15 lakhs. The USP of land pooling policy is this much reasonability in rates. Such rates are nowhere to be found in tier 2 cities of India, forget about the other metros. This is also the only solution to those people who work their entire life in government jobs in Delhi, then sadly have to move to areas such as Noida and Greater Noida for affordable living. For people looking to start a life in the capital city of India, this is probably the best time in centuries!  In the long run, the overall society of Delhi will be the beneficiary of the land pooling policy. For details visit www.delhismartcities.com