Land Readjustment

Land readjustment is a technique which pools land plots to enable redevelopment of large areas, giving existing plot owners a share of benefits in the re-plotted area. 

These benefits usually include both monetary benefits and a new housing unit. This very powerful tool shapes urban form, both in inner-city redevelopment areas and in peri-urban areas.

In peri-urban areas, it is particularly useful in shaping urban form where numerous small plots exist. It also enables public authorities and private developers to avoid piecemeal development, thereby enabling large-scale, and thus often more rational planning of transportation and settlement systems in areas of urban land conversion.

Although the conceptual elegance of this approach is clear, i.e., it enables win-win situations both for former land owners (who receive a share of the land appreciation through redevelopment, plus usually a housing unit) and the developers, it requires trust by land owners in the local authorities undertaking the process. 

Furthermore, it requires effective management, e.g., participants must be temporarily relocated until their new unit is ready for occupancy, and new accommodation/redevelopment needs to be delivered on schedule.

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