Delhi Development Authority: DDA is warning public to stay away from “Any Illegal offer of registration of Plots and flats under the land pooling policy.” In this regard the authority has issued number of public notices.
Check that advertisement in which the builder attract buyers for selling beautiful apartments at a great price, then check the locality of the project and then check the Delhi Master Plan 2021; is it located in the plan? If you read that kind of advertisement of selling apartments at great price and your builder tells you that the project is in the land pooling zone and investing in the project can make a good profit; keep in mind that you might be a victim of fraud.
In a recent public notice of Delhi Development Authority (DDA), the authority informed public that such offers are illegal and home buyer are advised to stay away from this kind of offers.
The announcement published in the newspaper offers a buyback policy with 25% interest in two years. Yes the L-Zone lies in the land pooling zone but the authority has just prepared the draft regulation of land pooling policy and it is not yet notified that the developer can as of now own land in this zone.
There are dozens of developers who are putting up stalls for selling units in these projects. Apart from these developers, several welfare societies have also come up for inviting buyers to invest in land. After the notification of Delhi Master Plan (MPD 2021) in 2007, hundreds of welfare societies have been registered and these welfare societies were registered for the same purpose. The plan is earmarked with five zones in the capital J, K (I&II), L, N and P (I&II).
Though a nod of operational guidelines has been given for land pooling policy by Urban Development Ministry. There are several hurdles which are remaining in the implementation of land pooling policy and the most difficult hurdle at this moment is the conversion of 89 revenue villages into urban villages. Apart from this hurdle there are also many hurdles related to development on the land.
Sidharth Luthra, a senior criminal lawyer and former additional solicitor general of India, “The practice, adopted by developers, is what is known as a pre-launch. Typically, a builder starts marketing the flats that he will build in the future even before the plans are approved by the municipal authorities or other plan-sanctioning authority. The builder does not execute any agreement with the buyer for the simple reason that there is no flat he can sell. Usually, non-binding documents such as ‘expression of interest’ or ‘memorandum of understanding’ are made by the builder, which offer little or no protection to the buyer in the event of any dispute with the builder.”
So action can be taken by DDA against such pre-launches in Delhi. Many real estate and legal experts have given their view that a prevention action must be taken by DDA for these kind of advertisements of illegal sale of apartments and property.
However the official of DDA, Balvinder Kumar has given their view that the DDA is in a position to take legal action against such developers and builders. To make public aware, DDA has advertised many times for people not to invest their hard earned money in these projects but people are still doing the same. He also added that I think DDA must take prevention measure in this regard and it is high time when the authority (DDA) will have to take a legal recourse to solve out the problem.
Official notice from DDA to advise homebuyer to stay away from illegal offers of registration of plots flats under land pooling policy:
