September 4, 2023

Dear All,

We are glad to update that after trying all alternate available routes we were finally able to register the Consortium (a company limited by Guarantee and not having share capital) by the name of ‘Genesis Smart City Development Cosmopolitan’, for Sector 7A of P-II Zone. Landowners of the Sector and the DDA have been updated regarding the same.  

We had prepared a legal agreement (contract agreement, named ‘Landowners Agreement’) for all the landowners of the sector to sign to get them legally associated with the Consortium. The same was also sent to DDA (Pitampura and Vikas Sadan, INA offices) for review. After discussing the contents of it with farmers and some other landowners and getting inputs from possible sources (lawyers, company secretaries, etc.), we finalized its language and have started getting individual copies signed. Society President, Mr. Dipender Jain, has been appointed as the Chairman of the Consortium and is authorized to sign the agreement from the Consortium’s side. The Landowners are also being registered on the Consortium’s website (www.gscdc.in), which has now been made operational. 

Some notification(s), and amendments in regards to land pooling were expected by around September this month, which comprised of Notification of MPD-2041, an amendment to the DDA Act of 1957 (to include changes related to Land Pooling, redevelopment, etc., to the DDA’s by-laws) and some specific changes to the Land Pooling Policy, to make it more lucrative for the DE(s), such as, increase in FAR, changes regarding EDC, etc. One other important feature being expected from the Parliament in regard to the Delhi Land Pooling Policy is making participation compulsory for remaining landowners once 70% participation is achieved in a Sector, so as to achieve contiguity, which is a must for efficient planning of the Sector. 

We have already received consent for the consortium from over 50% of landowners. By getting the ‘Landowners Agreement’ signed we are fulfilling the prerequisite for the consortium to get into an agreement with the DDA, for the development of the Sector. It will take some convincing on our/Consortium’s part to get individual landowners to sign the agreement. By the time govt may bring in the above-mentioned changes, including the law to make it compulsory for the remaining landowners, we are hopeful of getting it signed by the majority of the landowners.  Please revert with any suggestions that you may have in this regard.

Regards.