A housing society group on Thursday urged Prime Minister Narendra Modi to ensure implementation of earlier approved Land Pooling Policy, as the new policy will deprive people of affordable housing in some parts of the national capital, and also warned of an agitation if this was not done. “This sudden spike in rates is because the DDA, in its modified policy, has brought down the Floor Area Ratio (FAR) from 400 to 180. This change defeats the main purpose of affordable housing and will lead to the growth of unauthorized colonies in Delhi,” FEDHSDD Secretary Satish Aggarwal told the media. According to the newly-proposed modification, he claimed that “a few private developers will take over the role of DDA as a consolidator and facilitator”.
Source: ET Realty