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homes in Delhi. Acquisition and development at more land tracts will certainly be a breather for Delhi which is known for its congested and expensive residential colonies. Garnering hopes amongst the home seekers in Delhi, the LPP is expected to affect price correction which will be realized along with the additional homes to be developed under this policy. For more information on LLP visit http://www.indiahomes.com">Delhi, the national capital city has always been known for its strategic locations and skyrocketing price trends of realty assets. The upmarket commercial and retail hubs or the posh residential localities in this city have unceasingly appreciated manifold over the last two decades. Along with the prominent locations, the newly demarcated/allocated sectors in the flanks of this city have also fetched healthy returns for the investors. However, the dwelling for a common man in this city has become exorbitant owing to the snowballing price trends of plots/residential units and their rental charges. In order to induce some relief to the present day situation in Delhi’s realty market, the Delhi Development Authority (DDA) has come up with a novel acquisition cum development policy. Termed as the Land Pooling Policy (LPP), this policy envisions to help accommodating the growing population in residential pockets demarcated under the Master Plan of Delhi 2021. Under LPP, the landowners will be able to pool their land with the development authority for the authority to develop an assuring infrastructure at the land which is pooled. Post the completion of infrastructure development by the authority/agency, rather than being compensated, the land owners will get back 48-60% of the land for their control. This land will be facilitated with infrastructural attributes and would be ready for further construction of residential units by the land owners or their developer partners. The LPP comes across to be a respite to the present land acquisition and development process being followed by the development authority. Liberating the development process, LPP is expected to entail the construction of more number of residential units and facilitate the home buyers to acquire cheaper homes in Delhi. Acquisition and development at more land tracts will certainly be a breather for Delhi which is known for its congested and expensive residential colonies. Garnering hopes amongst the home seekers in Delhi, the LPP is expected to affect price correction which will be realized along with the additional homes to be developed under this policy. For more information on LLP visit http://www.indiahomes.com
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Delhi property, DDA, Delhi Development Authority, Land Pooling Policy, Master Plan of Delhi 2021, home seekers in Delhi,
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