DDA raises budget estimates for housing.
The Delhi Development Authority (DDA) raised its budget estimates for this financial year to 101.44% in comparison to last year aiming to provide housing to the city residents. The dawn of the financial year 2011-12 saw 12,507 houses at various stages of construction. 3,350 houses are expected to be completed soon.
“To meet the demand for residential, commercial and institutional land, development works have been taken up at Rohini, Dwarka, Narela, Jasola, Okhla, Mayur Vihar, etc. Expenditure in revised budget estimate for 2011-12 has been assessed at Rs 1,376.29 crore. In the budget estimates for 2012-13, a provision of Rs 1,974.53 crore has been made under this head,’’ said a DDA official.
The fund allocation has also been increased for development of land by 43.47 per cent and development of infrastructure, transportation, etc. by 30.35 per cent.
Year 2012- 13 will also see the projects for economically weaker section (EWS) and lower income group (LIG). “In the year 2011-12, 4,855 EWS houses and 24,660 LIG houses were planned to be built in areas like Dwarka, Narela and Rohini. It is likely that tenders for construction will be awarded during the year 2012-13,’’ the official added.