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NEW DELHI: Are you feeling tempted by offers of affordable flats or plots in the capital under the land pooling policy of Delhi Development Authority (DDA)? The policy was recently notified by the Centre but DDA is warning people not to go for housing schemes being offered under the garb of the policy yet.
“This is not the stage to start investing in property on the basis of the land pooling policy,” warned DDA’s vice-chairman Tarun Kapoor. “It is too premature to start investing and someone might land up at a location with no value.”
The policy might have been notified but DDA is yet to prepare zonal plans for areas that will be developed under the policy or the mechanism through which land aggregators or developers can apply under the policy. “There are several things that need to be done, such as working out the regulations,” said Kapoor. “We have to develop a single-window portal where people who are going to aggregate land and want to develop can apply. We have to develop that portal first.”
Kapoor said details of the policy have to be spelled out apart from drawing up zonal plans for areas where land pooling would be applicable. “The main master plan and zonal plans have to be developed by DDA. And in the zonal plans, sectors have to be planned along with road network,” he said.
So, at present, no one can sell or do anything as part of the land pooling policy. It will be difficult for anyone to decide where exactly they want to buy a property and if it would be in an area developed according to the policy.
The policy was recently notified by the Union housing and urban affairs ministry and will be applicable in the ‘urbanisable’ areas of urban extensions in 95 villages in the capital.
In a bid to alert and warn gullible buyers, DDA has initiated a communication programme under which it has clarified that the policy is yet to become operational through advertisements and social media.
“We have come to know about instances where people have invested their hard-earned money in plots or flats in unauthorized schemes being offered under the guise of the land pooling policy. However, we are yet to get any written complaint,” said a senior DDA official. “We are also aware that many such unscrupulous promoters have opened kiosks in areas like Dwarka and localities neighboring Gurugram, where they distribute pamphlets and brochures promoting housing schemes. Also, bulk messages are being sent by such promoters on cellphones. In fact, many officials of DDA have received such messages.”
DDA has pointed out that these unscrupulous elements are charging registration money or an initial deposit with brochures giving details of such projects. Investors may lose their money if these schemes remain only on paper.
