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.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code