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DDA To Spend 40% Of Its Annual Budget On Housing

DDA To Spend 40% Of Its Annual Budget On Housing

DDA To Spend 40% Of Its Annual Budget On Housing
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The Delhi Development Authority (DDA) has announced Budget 2019-20 focusing on large-scale development across the city, including commercial, housing and civic infrastructure. The authority announced a Budget of Rs 6,968 crore, an increase of 23.3 per cent over Budget 2018-19.

The land-development agency will spend Rs 3,022 crore in building houses and shops; Rs 2,319 crore on land development, Rs 466 crore on acquisition of land and Rs 1,161 crore will be set aside for miscellaneous developments.

Housing development

One of the prime projects that the DDA plans to take up in the coming fiscal is the development of over 200 hectare of vacant land in Dwarka. Under this project, the authority plans to develop commercial and housing complexes in Dwarka.

To kickstart this project, the city’s development authority will soon invite proposals from consultants asking them to submit a detailed project plan. With this, the DDA aims to provide world-class facilities to the residents of Dwarka.

The DDA also plans to take up large-scale housing projects in emerging localities, including Narela, Rohini and Dwarka. Meanwhile, the DDA, in some projects of these localities, will also cut the maintenance charges by 50 per cent. The allottees in these projects have been protesting against the small size of the flats as against their high price.

Besides developing new projects, the development authority will also be taking up repair work of old commercial and large-scale housing complexes. These include Nehru Place, Bikhaji Cama and Basant Lok markets. Of this, work on Basant Lok complex is underway.

Civic infrastructure

To provide better civic infrastructure to Delhiites, the DDA will fuel projects, including construction of flyovers and road improvement projects in urban extensions of the national capital.

Meanwhile, to allow better mobility to the pedestrians, the DDA also approved the draft of walkability policy based taking a cue from Chennai’s pedestrian plan. The policy is likely to feature removal of encroachments from footpath, identifications of vending zones, shaded tree plantation, walkable distances, installation of street furniture and signages. The draft has now been put out in the public domain for three weeks, inviting comments.

The pilot of this project will be implemented in areas such as ITO junction, Chandni Chowk, Hauz Khas-IIT, Nehru Place, Bhikaji Cama Place, Kamla Nagar, Laxmi Nagar, all the ISBTs, the Old Delhi Railway Station and the New Delhi Railway Station, among others.

Revenue generation

Along with announcing its development plans, the DDA aims to see an increase in revenue collection from sale of flats, commercial establishments and other sources. The DDA aims to witness an increase of 30 per cent in its revenues in the coming fiscal. “We are likely to earn a revenue of ₹5,477 crore mainly from sale of shops, flats, land,” a DDA official was reported as saying.

Last Updated: Tue Feb 26 2019

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