Transforming Delhi into a modern world-class city is the Delhi Development Authority (DDA)’s mool mantra. As a step towards it the DDA announced a budget of whopping Rs 8,032 crore for the fiscal 2018-19, at a meeting at Raj Niwas under the stewardship of Lt Governor, Anil Baijal.
The DDA plans to spend Rs 3,633 crore on housing and shops, Rs 765 crore on land acquisition and paying enhanced compensation, Rs 2,348 crore towards cost of developing land, Rs 1,286 crore on establishment and other expenditure.
About 14 new projects related to urban housing will be promoted. Also, 15 new developmental projects will also be started. The DDA also plans to develop parcels of land in Narela, Rohini and Dwarka. Yamuna preservation is also one of the major projects that the DDA is going to undertake. The revised modalities for increased FAR in approved commercial areas was also taken up.