DDA unveils budget with an outlay of Rs 6,738 cr





On Wednesday DDA (Delhi Development Authority) unveiled its annual budget with an outlay of 6,738 crores, while the projected receipts stand at Rs 6,749 crore.

The budget was approved by the DDA Chairman and Delhi Lieutenant Governor Anil Baijal at the meeting held at Vikas Sadan.

DDA said that significant allocations have been made for transport infrastructure projects, such as the construction of Phase IV metro line for the Rithala-Bawana-Narela corridor and construction of UER II (urban extension road) stretch in Delhi which is being developed by the NHAI. Special emphasis has also been given to the rejuvenation of water bodies and the Yamuna River Front.

The info regarding the center’s scheme of housing for all under the Pradhan Mantri Awas Yojna (PMAY) was given and is underway, and it is likely to be completed by December this year.

It was also told that construction of ‘housing for all’ under the PMAY is in progress & the construction of 7,500 EWS houses is in progress which is likely to be completed by December. Moreover, the authority also announced that all its housing projects which are underway will be completed within the upcoming financial year, for which DDA has allocated Rs 1,100 crore.

KEY HIGHLIGHTS

  • Rs 500 crore for the East Delhi hub project in Karkardooma.
  • Rs 280 crore for the development of Bharat Vandana Park in Dwarka.
  • Rs 2326 crore for the development of land and physical infrastructures like roads, sewerage, water supply, power lines, and drainage, mainly in the sub-cities of Narela, Dwarka, and Rohini. The authority will spend Rs 1,000 crore for Rithala-Bawana-Narela Metro corridor projects.
  • Rs 8 crore for construction of foot-over-bridges in Dwarika for the safety of pedestrians.
  • Rs 500 crore for construction of dedicated corridor for cyclists and pedestrians from Badarpur to Malviya Nagar.

About Us:-

Epoch India Advisors is a leading real estate consultancy & advisory firm offering highly curated services related to corporate leasing solutions, project marketing, real estate event & digital strategy.

 

Follow & connect with us on TwitterFacebookLinkedin  & Instagram.

Comments

Popular posts from this blog

Home loan rates cut by key lender to push housing sale

Amazon, Flipkart lease 1.1 million sq ft warehousing space from Xander

BMC collects Rs 415 crore property tax in 1 day