#RealtyNewsRoundUp: Centre Approves DDA Land Pooling Policy

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The Centre has approved Delhi’s land pooling policy, which will allow the city to get 17 lakh housing units, capable of accommodating 76 lakh people. Last month, the policy was approved by the Delhi Development Authority (DDA) . Under the policy, agencies will develop infrastructure such as roads, schools, hospitals, community centres and stadia on part of the pooled land, and return a portion of the plot to farmers, who can later execute housing projects with the help of private builders.

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The Supreme Court on October 11 initiated contempt proceedings against three Amrapali them and ordered they be placed under police surveillance for the next 15-days in a Noida hotel. The three directors, Anil Kumar Sharma and directors Shiv Priya and Ajay Kumar, were released last night from police custody after nine properties of Amrapali Group, where bulky documents of group companies are stashed, were sealed in compliance with the top court's order.

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Singapore topped the rankings for the fourth year in a row in HSBC's annual Expat Explorer survey. Switzerland emerged the best-paying for expats while Sweden emerged as the top country for family. India that was in the top 10 countries overall last year slipped two spots to be ranked 12th, but was placed ahead of countries such as Malaysia, the UK, the US, China and Japan.

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Two important infrastructure projects — the Skywalk at ITO and the Rani Jhansi Flyover in north Delhi — will be inaugurated in the next week. The branched walkway over ITO will be open for public on October 15 while the Rani Jhansi Flyover starting from near St Stephen's Hospital to Filmistaan Cinema will be open for vehicular movement from October 16.

Source: Media reports