ABSTRACT
The Government of India has been constantly involved in making investments in infrastructure at the national, regional, and local levels. The urban development authorities and urban local bodies (ULBs) in Delhi are highly dependent upon own tax or fee-based revenues as the main source of their revenue generation. Limited capacity and revenues generated, force the ULBs to continuously look for new sources of funds.
Land is considered as the most basic asset for revenue generation by authorities and ULBs. One of the root causes of underutilization of value capture in Delhi is the fact that land is a Central subject and not a State subject, thus making it imperative that ULBs become capable of generating sufficient revenues to improve infrastructure in existing or developed areas.
This predicament necessitates possible solutions to make ULBs capable of generating sustainable revenues. Formulating a sustainable model for developing Delhi’s infrastructure follows with the Development-Based Value Capture strategy under public-private partnerships in land pooling zones of Delhi. The expected policy implications suggest land pooling to be an emerging way to address these issues rationally.
