Affordable housing put on fast track

Govt to notify urbanised villages as development areas, move to open up vast tracts of land for housing projects

NEWDELHI: Removing the final bottleneck in implementation of the land pooling policy, Delhi urban development minister Satyendar Jain said on Thursday that the Delhi government will, within days, notify the 89 villages — declared as urbanised on Tuesday — as ‘development areas’.

“A total of 95 urbanised villages will be declared as development areas under section 12 of the Delhi Development Authority Act within two-three days. While 89 villages were notified as urbanised on Tuesday, six other urbanised villages (from previous notifications), will also be notified as development areas. Once notified the DDA can start implementation of the land pooling policy,” Jain said.

The minister also denied media reports that the Lieutenant Governor’s office has bypassed the Delhi government in getting the notification issued by the urban development department.

Implementation of the policy will be a gateway towards availability of affordable housing in planned pockets of the city.

As the acquisition of land has become a controversial subject, planned urban growth had become even more difficult. With the land owner being in direct control of the development, the land pooling policy is being seen as the future of urbanisation in the capital.

The matter had been pending for more than two years as the Delhi government had been demanding the DDA to introduce a clause in the policy that 10% of the developed land will be allocated to the Delhi government in order to carry out social sector services like construction of schools and hospitals.

“The chief minister had already announced that the policy will be cleared in May. It has also been agreed that the DDA will provide developed land free of cost as and when required for providing services such as schools, hospitals and water supply units,” Jain said.

Villages to be developed under the policy are spread over about 77,000 acres of land, of which around 40,000 acres will be available for real estate development.

While the policy implementation will change the character of these rural belts, revenue villages on the margins of Delhi are likely to remain unchanged.

“The villages on the city borders need to retain their agricultural character, or the city will be robbed of its greenery,” Jain said.

DELHI GOVT HOPES POLICY WILL HELP REVENUE GROW

NEW DELHI: After a year of sluggish growth, the revenue department is hoping that the land pooling policy will augment income.

Officials said the policy will boost the real estate market, which has been on the downslide for the past two years, and in turn increase collections through stamp duty and property registration.

Revenue collection witnessed an 8% dip during the last financial year. “In 2016-17, revenue generation from stamp duty and property registration was Rs 3,146 crore, which was 8% less than the previous fiscals. On the contrary, 2014-15 had witnessed a 21% increase,” a senior revenue department official said.

Officials also attributed the negative collection to the varied circle rates of the property in some parts of the capital.

Circle rates are minimum rates below which a property cannot be registered and forms the basis of stamp duty and registration charges. They are revised periodically. The Delhi government has revised circle rates upwardly four times since 2011. The last revision was done during the President’s Rule in September 2014.

Circle rates in the top category colonies are so high that they add up to more than the market value of the property. The real estate agents have been raising the issue and demanded the Delhi government to rationalise the circle rates.