DDA Records 23.75% Revenue Growth in 2023

12 Feb 2024 CW Team

The Delhi Development Authority (DDA) has reported a notable increase in revenue for the fiscal year 2023, marking a 23.75% growth compared to the previous year. This surge in revenue, amounting to Rs 7,696 crores, reflects positive momentum in the property and construction sectors despite economic challenges.

The significant rise in revenue underscores the resilience of the real estate market and the effectiveness of DDA's strategies in driving growth and attracting investments. Despite the uncertainties posed by the pandemic and other economic factors, the authority has managed to sustain and even expand its revenue streams.

Notably, the increase in revenue indicates heightened activity in the property market, with more transactions and developments taking place. This uptick in economic activity bodes well for the overall health of the construction and property sectors in Delhi.

The surge in revenue also reflects positively on DDA's efforts to streamline processes, improve transparency, and enhance efficiency in its operations. These initiatives have likely contributed to a more conducive environment for property development and investment in the region.

Looking ahead, the strong revenue growth recorded by DDA in 2023 sets a positive precedent for continued expansion and development in the property sector. It highlights the resilience of the real estate market in Delhi and underscores the potential for further growth and investment in the coming years.

Infrastructure Energy

23 Oct 2025

GAIL to Set Up Bengaluru CBG Plant Under New Concession Pact

GAIL (India) Limited has signed a 20-year concession agreement with the Bengaluru City Municipal Corporation (BBMP) to set up a compressed biogas (CBG) plant in the city. The project, expected to produce around 10 tonnes of CBG daily, will utilise municipal solid waste as feedstock, contributing to clean energy generation and efficient waste management. The CBG produced will be used in GAIL’s City Gas Distribution network to promote cleaner fuel usage. The initiative aligns with the government’s Sustainable Alternative Towards Affordable Transportation (SATAT) scheme and GAIL’s broader ..

Uttarakhand HC Lifts 31-Year Ban on ONGC’s Contractual Hiring

The Uttarakhand High Court has lifted a 31-year-old ban on the Oil and Natural Gas Corporation (ONGC) from hiring contractual workers, a restriction imposed in 1993. The decision enables ONGC’s Dehradun establishment to employ personnel on a contractual basis to meet operational requirements. The long-standing prohibition had limited ONGC’s ability to fill vacancies in its technical and administrative departments, often leading to project delays and higher dependence on outsourcing. With the court’s directive, the public sector enterprise can now proceed with temporary recruitments whil..

JSW Energy’s Utkal Unit Bags 400 MW, 25-Year Power Supply Deal

JSW Energy Limited announced that its subsidiary, JSW Energy (Utkal) Limited, has secured a Letter of Award (LoA) from Karnataka’s Power Company of Karnataka Limited (PCKL) for the supply of 400 MW of electricity for 25 years. The agreement is part of a competitive bidding process for long-term procurement of power to meet the state’s growing energy demand. The 400 MW capacity will be supplied from JSW Energy’s upcoming thermal power project in Odisha. This development strengthens JSW Energy’s presence in the southern market and aligns with its strategy to enhance long-term contracte..