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What is land pooling policy?

• India is one of the developing countries of the
  world, which is rapidly developing in every
  sector. Be it education, sports science
  technology, real estate and many more. If we talk
  about real estate sector, the countryHas
  emerged with a well- known policy, i.e. Land
  Pooling Policy or Readjustment. The ministry or
  urban development has come up with this policy
  couple of years ago i.e. 5th September 2013. The
  real- estate sector has recently got the
  regulation approved by the ministry or urban
  development. Before we, proceed further what the
  ministry has come up with here is a brief
  introduction about what is land pooling
  policy.What is land pooling policy?Land pooling
  policy is a technique through which an urban
  housing is created. In this process the people
  (owner) from the rural areas pool their property
  with the urban investors and then that property
  is being developed and designed by the authorized
  sector i.e. DDA Once the property gets ready with
  the final touch up. It is ready for dale. Through
  out this process, the rural people are not
  supposed to interfere, but when it comes to the
  sale of the property, the property owner has the
  right to ask for the benefit.
• Then, the people of urban society who were
  involved in the project are supposed to give
  their profit, whether money or property (as their
  compensation).
• This policy has come into existence to prevent
  the unfair selling and purchase which is made by
  the urban class to the rural class.Now, it we
  talk about the latest regulation that has brought
  or approved ministry of urban development. The
  regulation is meant for DDA. DDA is accountable
  for developing the housing for every class of
  people but the major concern is for weaker
  section of the society.
• The Regulation has come up with five major
  amendments which is in favor of pooling party.
  One of the regulations is to provide housing for
  weaker section of the society. Any kind of delay
  in the construction will cause penalty to the DDA
  and authorized organization which is hired for
  the development. 2 of the External development
  charge will be imposed over the DDA and
  accountable organization.
• Conclusion The property owners who are unable to
  make profit from their property can invest now
  with DDA. Where in the will get 43 to 60 It is
  a safe regulation which is made by the ministry
  of urban development. This regulation will be
  regulating 2 months from the date of approval.
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