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

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

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.

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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.

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