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DDA land Pooling policy

DDA says Over 6,500 ha of Land Registered For Land Pooling Through Online Portal

Over 6,200 applications for nearly 6,575 ha of land have been received by the DDA through its registration portal for its land pooling policy, officials said on Saturday. In a statement, the DDA also said that as on date, 1,371 applications have been verified by the Delhi Government

The land pooling policy is based on public-private partnership towards pro-actively increasing economic opportunities and housing supply in a time-bound manner, and harnessing private potential through pooling of land parcels.

Under the policy, agencies will develop infrastructure like roads, schools, hospitals, community centres and stadia on the pooled land and return a portion of the plot to farmers who can later execute housing projects with the help of private builders.

The DDA had launched the online portal in February last year to ease application and verification processes for stakeholders of the land pooling policy.

“On closing of the third window on the web portal on April 24, a total of 6,219 applications have been registered through which approximately 6,575 ha of land has been pooled,” the DDA statement said.

The land pooling policy was notified by the DDA in September 2018.

The development is envisaged for about 20,000 ha of land to meet the future requirements of the capital city, and 20 lakh new houses shall be constructed, of which six lakh houses will be reserved for EWS housing accommodating a total of 80-100 lakh people over the next 20 years, the DDA said.

It covers urbanizable areas of urban extensions at 95 villages in the national capital, falling in J, K-I, L, N and P-II zones, the officials said.

The land pooled in P-II, N, L, K-I and J zones are 1283.6 ha, 3313 ha, 1742.6 ha, 231.7 ha and 3.6 ha, respectively, the statement said.

Entire area is divided into 109 sectors and on an average, each sector is about 250-350 ha and is anticipated to accommodate about 80,000 to 1 lakh population, it said.

For qualifying a sector for development, a minimum of 70 per cent contiguous land in a sector is required to be pooled and of the pooled land, the developer entity or consortium will retain 60 per cent for development of residential, commercial, public and semi-public facilities. The remaining 40 per cent will be utilised by DDA or service providing agencies (SPA) for development of city-level physical infrastructure, recreational, industrial and public or semi-public facilities.

A few sectors in N, P-II and L are likely to qualify for development under this policy, it said.

For inclusive planning and development, the policy allows residential FAR (floor-area ratio) of 200 and 15 per cent additional FAR for development of EWS housing, it added.

Based on an in-house exercise of mapping of pooled land on GIS platform, the applications registered on the DDA web portal are being scrutinised by the urban body, the statement said.

The ownership of the land details submitted by the applicants under the portal is to be verified by the revenue department, Government of Delhi and as on date, 1,371 applications have been verified, the statement said.

DPR-prepared-to-connect-Old-and-New-Gurgaon

Haryana Govt. gives final Approval to clear DPR of Metro Connection from HUDA City Centre to other parts of Gurgaon

In order to provide Metro connectivity to the residents of old Gurgaon, the Haryana cabinet on Thursday(14 August 2020) accorded approval for final Detailed Project Report (DPR) of Metro Rail Connection from HUDA City Centre to various important locations in the city at a cost Rs. 6821.13 crore.

The total length of the corridor shall be about 28.80 km, consisting 27 elevated stations with six interchange stations. This link would start at HUDA City Centre and move towards Sector 45, Cyber Park, district shopping centre, Sector 47, Subhash Chowk, Sector 48, Sector 72 A, Hero Honda Chowk, Udyog Vihar Phase 6, Sector 10, Sector 37, Basai village, Sector 9, Sector 7, Sector 4, Sector 5, Ashok Vihar, Sector 3, Bajghera Road, Palam Vihar Extension, Palam Vihar, Sector 23 A, Sector 22, Udyog Vihar Phase 4, Udyog Vihar Phase 5 and finally merge in existing Metro Networks of Rapid Metro Rail Gurgaon at Moulsar Avenue Station Near Cyber City.

This Mass Rapid Transit System (MRTS) project will facilitate maximum part of Gurgaon city. It will interchange with MRTS Corridor at Subhash Chowk, with bus stand at Sector 10, with railway station at Sector 5 and with Rapid Metro at Moulsar Avenue Station. MRTS Corridor at Subhash Chowk will interchange with the Yellow Line at HUDA City Centre and therefore, will provide direct connectivity to a large part of Gurgaon with Delhi. It will also interchange with RRTS stations at Hero Honda Chowk and Sector -22 and will provide connectivity up to Sarai Kale Khan (SKK), New Delhi side and on one Shahjahanpur, Neemrana and Behror (SNB), Rajsathan on the other side.

These linkages will enhance the efficiency of the transportation system in the National Capital Region (NCR).The daily ridership on the study corridor for the years 2025, 2031 and 2041 is expected to be 5.34 lakh passenger trips, 7.26 lakh passenger trips and 8.81 passenger trips respectively. The introduction of MRTS is expected reduction in the number of buses, Intermediate Public Transport (IPT), usage of private vehicles. This, in turn, will result in significant social benefits due to reduction fuel consumption, vehicle operating cost and travel time of passengers. Besides this, it will also help in reduction in accidents, pollution and road maintenance costs are the other benefits.

Dwarka Expressway Construction Update

NHAI Contractors Seek Permission to Reconstruct on Dwarka Expressway

NHAI contractors seek permission to reconstruct the work on the projects on Dwarka Expressway , GURGAON

Contractors have written to the respective for the Dwarka Expressway project to district administrations requesting permission to resume construction work following NHAI’s appeal for relaxation of Covid-19 Lockdown Norms.

 

The contractors and NHAI officials have stressed that the work has already been delayed, and combined with the upcoming monsoon followed by months of peak pollution when construction activities are banned, the whole year would be wasted. this may hurt the govt because the project cost will increase . On April 15, the ministry of home affairs ordered that construction work can resume from April 20 “where workers are available on site and no workers are required to be brought in from outside.

 

Following this order, NHAI told contractors that they might resume work provided district administration gives them a go-ahead. “Around 1,600 workers are residing at our camps. the development activities to be executed are highly hooked in to machinery and involves construction within a closed camp premises, wherein, a single-point entry shall be permitted by ensuring complete For package 2 work, the contractor pledged, “our various staff and laboures are currently stationed at the project or its vicinity in various camps/guesthouses, and no outside staff shall be brought for operation of the development activities.” District administration claimed that these requests are being evaluated and appropriate directions are likely to follow

largest big bazaar in vatika township

New Gurugram’s Largest Big Bazaar to come up in Vatika Township

Vatika Group, a leading developer in NCR has signed approx 80,000 Sq ft area with Big Bazaar the well-known country-wide retail chain of hypermarkets, department stores, and grocery stores, to open the largest and first standalone store in New Gurugram at Sector 82, Vatika India Next – the 546-acre modern integrated township. The building will be ready in the next 14 months.

We are happy to partner with Big Bazaar. We have always focused on making the daily lives of the residents in our townships a delightful experience. This will further add to the convenience and ensure the residents of the township and nearby areas experience a world-class shopping experience”, said Gaurav Bhalla, MD, Vatika Group.

With this Vatika India, the Next township in New Gurugram.New Gurugram is set to become the new shopping destination in Gurugram. Spread across in Sectors 81, 82, 82A, 83, 84 and 85, Vatika INXT Township has a variety of residential options and is also surrounded by various other residential developments.

Over 1,00,000 residents currently live in and around INXT. This standalone Ground+2 storey retail store will be in addition to the already existing social infrastructure in the township including schools, police posts, post office, clubs, gyms, parks, sports facilities and more. More than 500 plus retail stores are already operational. Many other brands have also signed up.

This retail store will cater to a population of 5 lakh in the future. The project will attract an investment of more than Rs 72 crore and will be constructed on the ‘build to suit’ model.This story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article.

Get Income Tax Rebate on Housing Loan

Homebuyers to Get Income Tax Rebate on Housing Loan; BIG GIFT! Massive boost for Real Estate Sector Coming

For homebuyers, Real Estate sector, and housing finance companies, there is some great news in offing, says this exclusive Zee Business TV report, citing Finance Ministry sources. In a big boost for the real estate sector, it has been revealed , that it may get infrastructure sector status! And that too as a pre-budget gift! Sources revealed that the issue is under discussion. When will this happen? As early as the new year itself! This will come as a big boost for the whole economy.

According to the Zee Business report, the development will have a multi-player impact, and the registered tax payers if willing to buy their dream house will be able to avail income tax benefits under this development. In short, if you are willing to purchase a home, you will get tax rebate provided you are a registered taxpayer and this benefit will be on your tax outgo of up to Rs 50,000, said the report.

Anil Singhvi, Managing Editor of Zee Business, said “If you are paying up to Rs 5 lakh interest in a year then you can save about Rs 50,000 or 10% on your tax outgo.” He added that homebuyers should know that “this is tax rebate not tax deduction.”

This will be applicable from next financial years i.e, April 1, 2020 to March 31 2021, and the new home buyers will get this tax rebate for the first three years of their loan period. Notably, the government has so far given tax rebate on affordable housing through interest subvention scheme, but now this will benefit the real estate’s premium projects too.

Since it will be applicable on buying new houses from the next financial year, the whole real estate sector is likely to get the boost, as in the last 4-5 years prices have not increased.The report said this will also benefit real estate developers, as Rs 1.8 Lakh crore loans are stuck which will get clearance and lead to fresh buying in next Financial Year.

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