Under this policy, land owners can give their land either to the state government or a builder or they can develop the land on their own. In the first phase, this Policy will be implemented in 27 big cities.
Under this Policy, a land owner will be given a 1,000 square yards of residential plot and a 200 square yards of commercial plot in fully-developed land in lieu of one acre of land. If anybody contributes nine acres of land, he will be given three acres of land for developing a group housing. It means that one third of pooled land will be returned to the land owner.
The state government had earlier said the Land Pooling Policy was designed to foster transparent and planned urban development across the state.
