Delhi LG Sanctions Rs 8,811 Cr DDA Budget for 2024-25
ECONOMY & POLICY

Delhi LG Sanctions Rs 8,811 Cr DDA Budget for 2024-25

The Delhi Development Authority (DDA) has received approval for its annual budget of Rs 8,811 crore for the financial year 2024-25, focusing on the development of civic infrastructure and sports facilities.

Lieutenant Governor V K Saxena, who is also the chairperson of the DDA, emphasized the budget's role in enhancing housing, aesthetic landscape, and heritage preservation in Delhi.

The budget, financed by projected revenues of Rs 9,182 crore, marks a significant increase from the previous year. The DDA's capital expenditure constitutes about 61% of the annual allocations, reflecting a strong focus on development.

The budget includes substantial investments in sports complexes, multi-level car parking, and the Delhi Metro's Phase-IV projects. Additionally, the 'Diwali Special Housing Scheme' has contributed to a surplus in the DDA's general development account.

The budget also allocates funds for land development, infrastructure in sub-cities like Narela, Dwarka, and Rohini, and public space development along the Yamuna riverfront.

The Delhi Development Authority (DDA) has received approval for its annual budget of Rs 8,811 crore for the financial year 2024-25, focusing on the development of civic infrastructure and sports facilities. Lieutenant Governor V K Saxena, who is also the chairperson of the DDA, emphasized the budget's role in enhancing housing, aesthetic landscape, and heritage preservation in Delhi. The budget, financed by projected revenues of Rs 9,182 crore, marks a significant increase from the previous year. The DDA's capital expenditure constitutes about 61% of the annual allocations, reflecting a strong focus on development. The budget includes substantial investments in sports complexes, multi-level car parking, and the Delhi Metro's Phase-IV projects. Additionally, the 'Diwali Special Housing Scheme' has contributed to a surplus in the DDA's general development account. The budget also allocates funds for land development, infrastructure in sub-cities like Narela, Dwarka, and Rohini, and public space development along the Yamuna riverfront.

Next Story
Resources

RentenPe and Mygate Partner to Transform Rent Payments in India

Through a strategic partnership, RentenPe and Mygate aim to streamline rent payments and promote financial inclusion by enabling rent-based credit scores for Indian renters. RentenPe, India’s first Rent Credit Score™ platform and a pioneer in rental fintech innovation, has entered a significant alliance with Mygate, the leading community management app in the country. This partnership will transform rent transactions for millions of Indian households by embedding RentenPe’s payment and rent credit scoring technology directly within the Mygate app. With this integration, all ren..

Next Story
Real Estate

Supreme Unveils New Brand Identity to Elevate Lifestyle

Supreme, a respected name in Indian real estate with a four-decade legacy, has announced a complete rebranding. The move includes the launch of a new logo and a revamped website, both reflecting the group’s refreshed vision to ‘Elevate Lifestyle’. This brand transformation represents more than a visual refresh—it marks a strategic shift in the company’s mission, visual identity and market positioning. The update will be visible across all of Supreme’s digital, social and offline communication platforms. At the core of the initiative is a renewed focus on purposeful design..

Next Story
Infrastructure Urban

Capri Loans Launches #TarrakiKeHaath Campaign Honouring India’s Everyday Heroes

Capri Global Capital Ltd (Capri Loans), a leading non-banking financial company, has unveiled its latest brand campaign, #TarrakiKeHaath, a powerful tribute to the everyday hands that build India — from kirana store owners and taxi drivers to dhaba workers, tailors, and carpenters. Narrated by Capri Loans’ long-standing brand ambassador and acclaimed actor Pankaj Tripathi, the campaign celebrates the dignity, resilience, and aspirations of self-employed individuals and small business owners who form the backbone of Bharat’s economy. Conceptualized by Rediffusion Brand Solutions, the..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?