New Delhi, July 27 (IANS) Delhi's land owning agency, Delhi Development Authority (DDA), has approved its ambitious land pooling policy that envisages change in the manner land is acquired in the capital.
"This was decided in a meeting of DDA Friday... Land pooling policy was approved. It will be sent to the urban development ministry for final approval," said a DDA official.
According to the policy, private players will enter the land sector.
DDA will take the land from these players, develop it and then give a chunk of it back to them. This will be done instead of the earlier norm of paying compensation.
The new policy will involve the owner in land development.
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