True. It is a cautionary warning or advice to all those people who are carried away by coloured brochures and tall claims, when no one even owns a land. But the farmers who own the land in L Zones are already a part of the DDA Land pooling scheme and will benefit in future. By buying land for yourself through a share, you too become eligible. But you should be a genuine holder of land and not get trapped by Ponzi semesters who open and shut their shops just to dupe people.
Balvinder Kumar, Ex-vice chairman, Delhi Development Authority (DDA) said in an interview in Economic Times: “Do a thorough check before investing in such schemes”. Kumar said, “The land pooling policy is notified, however, the regulations are still under consideration. At present, builders/developers are promoting their schemes with details about land to be returned by DDA and are stating it to be a part of the DDA approved scheme. In this regard, DDA has already issued public notices to be cautious of such misleading advertisements as no such scheme is approved nor land to be returned is finalized by DDA.”
“DDA has not given any license/approval to individual societies and the return of land will also be based on the applications and subsequent processes in DDA,” he informed.
So it is a cautionary notice not a blanket ‘don’t invest at all’ message from DDA.