In a move to transform Delhi into a world-class city, Delhi Development Authority has recently announced its budget expenditure FY 2018-19 which is over Rs 8,000 crores.
The budget was announced in a meeting which took place under the chairmanship of Lt Governor Anil Baijal and other DDA officials. After the meeting DDA released an official release which said, “The budget expenditure for the year 2018-19, has been set at Rs 8,032 crores approximately, projecting a growth of 67 percent over the revised budget estimates for 2017-18 at Rs 5,295 crores.”
The authority has also zeroed in many important activities in the budget which will help in the transformation of Delhi into a world-class city. DDA has decided to divide the whole budget amount into various sectors. As per the release, the housing authority plans to spend Rs 3,633 crores on houses and shops, Rs 765 crores on acquisition of land and payment of enhanced compensation, Rs 2,348 crores on the development of land and Rs 1,286 crores on the establishment and miscellaneous expenditure.
Development plants and Housing schemes
The statement also said that fifteen new development schemes and 14 new housing-related development works, would be introduced and a rail-over bridge would be constructed at Narela. Also, construction of five socio-cultural centers in Rohini, Dwarka, CBD Shahdara, Mayur Place and Netaji Subhash Place is at a planning stage.
Apart from all such schemes, DDA has also decided to start work on the rejuvenation and restoration of river Yamuna, upgrading of Vasant Udyan at Vasant Kunj and development of 25 hectare area surrounding the Sultangarhi Tomb Conservation Complex in Vasant Kunj. In order to develop the vacant lands of Dwarka, Rohini and Narela requests for proposals (RFPs) has also been floated.
Houses for CRPF personnel
Since DDA has sufficient stocks of LIG flats, it is decided in the meeting that around 794 LIG flats located in Rohini and Sirsapur will be allotted to CISF personnel or Paramilitary forces.
Modalities for enhanced FAR revised
The Master Plan for Delhi 2021 recommended enhancement of the floor-area ratio (FAR) for optimum utilization of commercial land, but due to very tedious process, stakeholders were not coming forward to avail the enhanced FAR. In the wake of this, DDA has decided to make the process easier by making this exercise online.
Hence with many prospective budgetary allocations, Delhi is all set to become a world-class city in coming future.