With the help of Land Pooling Policy under the New Delhi Awas Yojna, the land that will be returned to the owners will be comparatively smaller, but the owners will get access to the services and infrastructure of the building. The policy is most likely to open up the area up to 25000 hectares, which will help in the reduction of the prices of the property.
The Land Pooling Policy under the Greater Dwarka Awas Yojna will also have properties at a reasonable and reduced price for the citizens of New Delhi. Some of the developed areas will also stop price escalation, such as Gurgaon and Noida. There will be no negative price disruption in the properties of New Delhi due to the Land Pooling Policy.
The current scenario of New Delhi has expensive properties due to the short supply of land. The purpose of the Land Pooling policy is to provide house to every citizen of Delhi at a reasonable price. The real estate industry will experience a significant hike in the Master Plan-2021 for New Delhi. DDA has given a verdict for different activities such as Townships, commercial corridors, and housing projects.
According to the latest information, the Land Pooling Policy under the New Delhi Awas Yojna will lead towards building over 25lakh residential housing units in the coming 10 to 15 years. The Master Plan also involves offices and shops that will bring more jobs and also contribute to economic development.