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delhi development authority: DDA reports Rs 7,696 revenue in 2023-23, 75% increase from previous year

The Delhi Development Authority (DDA) is targeting a revenue of Rs 9182 crore in FY 24-25, nearly 19% increase from current year when it reported Rs 7696 crore revenue.

The authority has approved the annual budget of DDA for 2024-25 with an outlay of Rs 8811 crore.

DDA, saw a massive jump of 75% in current financial year at Rs 7696 crores in comparison to Rs 4392 crores in the previous year.

DDA undertook developmental activities worth Rs 8,804 crore in the current financial year, which is an increase of nearly 69% over the previous year, when the expenditure stood at Rs 5189 crores. Next year, DDA has aimed to keep expenditure at the same level as the current year. There is a significant enhancement in the allocations of maintenance expenditure on civic infrastructure as well.

DDA has allocated Rs 3460 crore made for development of land and physical infrastructure which includes roads, sewerage, water supply, power lines, drainage, beautification, aesthetic upgradation and streetscaping primarily in the vacant portion of land in sub cities of Narela, Dwarka, Rohini and other areas.

The work on the construction of UER-II having project cost Rs 6421 crore (for Delhi portion only) is fast nearing completion. Given the fast pace of execution, the allocations for 2023-24 have been enhanced from Rs 920 crore to Rs 1590 crore. Provision of Rs 400 crore has been made towards completion of the project in BE 2024-25.Similarly, the allocations for Phase IV of Delhi Metro projects in 2023-24 have been enhanced from Rs 350 crore to Rs 390 crore.Construction of Residential complex on Transit Oriented Development (TOD) norms in Karkardooma, Delhi is going on. A total of 497 1 BHK apartments in a 22 storey structure are almost complete. Work on another 1026 2 BHK apartments in keeping with TOD norms is also ongoing. Provision of Rs 450 crore and Rs 245 crore has been made in BE 2024-25 and RE 2023-24 respectively.

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