new delhi land prices in gurgaon and noida could fall as over 70000 acre is likely to come in the delhi market because of ddas new land pooling policy property consultant cbre said today the land pooling policy will prove to be positive for the national capital region ncr in the longterm since land prices in the suburban markets of gurgaon and noida would eventually rationalise with fresh supply coming into the delhi market cbre south asia chairman and managing director anshuman magazine said in a statement according to the delhi development authoritys ddas recently passed land pooling policy private developers may directly acquire land from farmerslandowners willing to participate in the land pooling scheme lps where they will get back 4060 per cent of the developed land instead of any compensation dda would develop the necessary support infrastructure and massews housing projects on the land while developers will receive a large portion of the same for further real estate development the consultant highlighted that dda has identified about 200 villages along the outskirts of delhi for this scheme it intends to convert around 90 villages into development areas and about another 90 into urban villages all such identified village areas are together likely to free up more than 70000 acres of developable land in the ncr cbre said magazine noted that certain peripheral locations of delhi with large land parcels have been witnessing price rises to the tune of two to three times over the course of about six quarters these locations are land parcel along the nh1 north delhi akbarpur mazra northwest delhi rohini narela west delhi najafgarh dwarka and areas of south delhi masoodpur kishangarh chhatarpur etc experts believe this to be a shortterm trend however which is likely to rationalise once more supply of developable land comes into the realty market he added land acquisition is a contentious subject in india magazine said adding that land pooling schemes will help solve issues related to the availability of land for necessary real estate development and infrastructure formation for the countrys everincreasing urban population