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.

Technology

12 Jun 2026

LTTS Partners with Databricks to Advance Industrial AI

L&T Technology Services (LTTS) has entered a strategic partnership with Databricks to co-develop Industrial AI solutions for asset-intensive industries, including energy, petrochemicals, and manufacturing. The collaboration leverages LTTS’ engineering expertise across 600+ major plants with Databricks’ AI and analytics platform to convert operational data into actionable Engineering Intelligence.The partnership will deliver solutions spanning Predictive Asset Reliability, Energy & Emissions Optimisation, Overall Equipment Effectiveness, Production and Quality Intelligence, and Sust..

Opptra Partners with Unicommerce to Scale AI-Driven E-Commerce

Opptra, the AI-native e-commerce distributor founded by Flipkart co-founder Binny Bansal, has partnered with Unicommerce to enhance operations across India, the GCC, and Southeast Asia. The collaboration integrates Opptra’s brand expansion expertise with Unicommerce’s AI-led Uniware platform, enabling centralised management of orders, inventory, and fulfilment across warehouses, stores, and sales channels.Opptra retains full commercial ownership of online brand operations, from marketplace strategy and pricing to fulfilment and customer service. Leveraging Unicommerce’s 350+ integrations..

AHS Properties Acquires Shangri-La Hotel for AED 1.1 Billion

AHS Properties has acquired the Shangri-La Hotel on Sheikh Zayed Road for AED 1.1 billion from Mismak Asset Management, marking one of the largest single-asset real estate deals in recent history. The 43-floor, 200-metre tower, completed in 2003, was among the first five-star hotels on the corridor.This acquisition complements AHS Tower and AHS City, forming a vertical corridor strategy that represents a substantial portion of the developer’s AED 50 billion year-end 2026 pipeline. Founder and CEO Abbas Sajwani described the purchase as a long-term investment in structurally constrained asset..