Delhi: The real estate scenario looks positive for Delhi after the recent approval by the Union Urban Development Ministry for the land pooling policy of Delhi Development Authority. Property experts feel this could be a revival for the real estate market.According to a source from CREDAI Raj Nagar Extension, this step by the development authority would increase the number of residential units in the capital region. If the land pooling policy goes as per the plan, developers can come up with new developments and citizens can expect fresh options in housing which had become stagnant.DDA would start off with the plan in coming two months, only once the Delhi government declares the 95 villages as development areas. The villages are mostly located in West, North and South-West of Delhi. The land pooling policy will allow constructing 24 to 25 lakh residential units.After the increase of residential units, price correction was also taken into consideration. Since the plan targets increase in the supply of residential units, price is also expected to go down. With increase in supply, property prices will decrease in Delhi. However the range cannot be predicted for other regions such as Noida, Greater Noida and Ghaziabad.The current over priced land rates in Delhi will extensively come down after the availability of land for residential development. It will open new options in affordable and low budget housing category. However the actual result of the policy cannot be determined now. We need to wait and watch to find out the real impact of this policy on Delhi real estate market.займ на карту без отказов круглосуточновзять кредит онлайн