How Can One Explain The Concept Of ‘Land Pooling’ In Real Estate Development?

How Can One Explain The Concept Of ‘Land Pooling’ In Real Estate Development?

How Can One Explain The Concept Of ‘Land Pooling’ In Real Estate Development?

Government agencies aggregate parcels of property, construct or install infrastructures such as roads, schools, hospitals, community centers, and sports facilities on part of the land, and then return a portion of the land to the original owners, who can sell it or build residences. The primary advantage of a property pooling strategy is that the original titleholder retains ownership. It lowers the likelihood of legal battles and compensation payouts.