Delhi Development Authority's 2024-25 Budget Approved by LG VK Saxena

09 Feb 2024 CW Team

The DDA has projected its revenue targets at Rs 9,182 crores for the upcoming financial year, representing a substantial increase of almost 19 per cent from the current year's figures. This surge in revenue projections is attributed to the robust developmental undertakings witnessed in the preceding financial year, amounting to a staggering Rs 8804 crores, reflecting a remarkable rise of nearly 69 per cent from the previous year.

In a press release, the DDA highlighted its commitment to bolstering maintenance expenditure on civic infrastructure, indicating a significant enhancement in allocations for this purpose.

LG VK Saxena, who also chairs the DDA, expressed gratitude towards the members of the authority for their prudent financial management. He emphasized the forthcoming developmental projects that will prioritize better housing, aesthetic enhancement of the landscape, and the preservation of heritage sites throughout Delhi. Saxena affirmed that the proposed expenditures for these projects in the fiscal year 2024-25 will be financed from the projected revenues.

A notable allocation of Rs 3,460 crore has been earmarked for the development of land and physical infrastructure. This allocation encompasses various aspects such as roads, sewerage, water supply, power lines, drainage systems, beautification efforts, and streetscaping, primarily targeting the vacant portions of land in sub-cities like Narela, Dwarka, Rohini, and other areas.

Furthermore, the DDA disclosed ongoing progress in the construction of two multilevel car parking facilities, one each at Nehru Place and Bhikaji Cama Palace. Additionally, plans are underway for another multilevel car parking facility at Netaji Subhash Place, with a provision of Rs 70 crore made in the budget estimates for 2024-25 to support this initiative.

Moreover, the budget estimates for the fiscal year 2024-25 allocate Rs 1,953 crore for ongoing housing projects across Delhi, further underscoring the DDA's commitment to addressing the city's housing needs.

With these strategic allocations and ambitious plans, the DDA aims to spearhead transformative initiatives that will contribute to the sustainable development and enhancement of Delhi's urban landscape, catering to the evolving needs of its residents.

Delhi Lieutenant Governor VK Saxena has given his approval to the annual budget of the Delhi Development Authority (DDA) for the financial year 2024-25, setting an ambitious outlay of Rs 8,811 crore. This approval comes with the aim of fostering extensive developmental activities and enhancing the civic infrastructure across the capital. The DDA has projected its revenue targets at Rs 9,182 crores for the upcoming financial year, representing a substantial increase of almost 19 per cent from the current year's figures. This surge in revenue projections is attributed to the robust developmental undertakings witnessed in the preceding financial year, amounting to a staggering Rs 8804 crores, reflecting a remarkable rise of nearly 69 per cent from the previous year. In a press release, the DDA highlighted its commitment to bolstering maintenance expenditure on civic infrastructure, indicating a significant enhancement in allocations for this purpose. LG VK Saxena, who also chairs the DDA, expressed gratitude towards the members of the authority for their prudent financial management. He emphasized the forthcoming developmental projects that will prioritize better housing, aesthetic enhancement of the landscape, and the preservation of heritage sites throughout Delhi. Saxena affirmed that the proposed expenditures for these projects in the fiscal year 2024-25 will be financed from the projected revenues. A notable allocation of Rs 3,460 crore has been earmarked for the development of land and physical infrastructure. This allocation encompasses various aspects such as roads, sewerage, water supply, power lines, drainage systems, beautification efforts, and streetscaping, primarily targeting the vacant portions of land in sub-cities like Narela, Dwarka, Rohini, and other areas. Furthermore, the DDA disclosed ongoing progress in the construction of two multilevel car parking facilities, one each at Nehru Place and Bhikaji Cama Palace. Additionally, plans are underway for another multilevel car parking facility at Netaji Subhash Place, with a provision of Rs 70 crore made in the budget estimates for 2024-25 to support this initiative. Moreover, the budget estimates for the fiscal year 2024-25 allocate Rs 1,953 crore for ongoing housing projects across Delhi, further underscoring the DDA's commitment to addressing the city's housing needs. With these strategic allocations and ambitious plans, the DDA aims to spearhead transformative initiatives that will contribute to the sustainable development and enhancement of Delhi's urban landscape, catering to the evolving needs of its residents.

Technology

29 Jul 2026

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

Real Estate

29 Jul 2026

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Equipment

29 Jul 2026

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..