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 Urban

24 Sep 2025

ColdStar Expands with New Facilities in Mumbai and Sonipat

ColdStar Logistics, India’s only independent and self-funded national cold chain player and one of the fastest-growing temperature-controlled supply chain companies, has strengthened its presence in key consumption hubs with three new facilities — two in Mumbai and one in Sonipat. The expansion is aimed at meeting the rising demand for fresh and perishable products, particularly from e-commerce and quick-commerce platforms.The new hubs will handle, process, and distribute fruits, vegetables, and other perishables for leading online platforms. The Sonipat facility, spread across 80,000 sq. ..

Zebra Study Finds Workflow Automation Boosts Productivity

Zebra Technologies Corporation (NASDAQ: ZBRA), a global leader in digitalising and automating workflows, has unveiled new research with Oxford Economics highlighting the financial and operational benefits of modernising frontline workflows. The study, which surveyed 1,000 senior leaders across retail, manufacturing, and transportation & logistics (T&L) in eight markets including India, found that organisations leveraging automation, AI, and data are achieving significant productivity gains and enhanced customer experiences.Study HighlightsRetailers reported a 21% improvement in..

Socomec Unveils COUNTIS P Smart Energy Meters for AC/DC Systems

Socomec, a global leader in energy performance and power management solutions, has announced the launch of its latest innovation – COUNTIS P, a new generation of smart energy meters designed to address the evolving needs of modern infrastructure. Backed by more than three decades of expertise, this launch highlights Socomec’s continued focus on innovation, sustainability, and digital transformation.Commenting on the launch, Meenu Singhal, Regional Managing Director – Greater India, Socomec Innovative Power Solutions, said:“As energy consumption grows more complex across industries, org..