Delhi Development Authority (DDA) has recently passed its budget for the year 2013-14. The main thrust of the DDA budget is affordable housing and the preservation of green areas.
In a meeting held on Tuesday, Delhi Development Authority passed its DDA budget for the year 2013-14. The budget is passed with a special focus on affordable houses. Besides the focus on the affordable houses, the budget includes special provision for the maintenance of green areas in the city.
Low-income housing or affordable houses will be boosted. However the development authority plans to develop the affordable houses in the outskirts of the city. Infrastructure projects also are likely to be boosted by the newly launched DDA budget.
DDA chairman Tejinder Khanna said that a chart will be prepared before the next meeting of the authority. The chart will include each project’s timeline and expected date of completion.
Once the chart is prepared, it will be easier for DDA to monitor the development of all projects and its delay. This will help the Authority accelerate the slow moving projects in the city.
DDA expects to raise around Rs.5876.85 Cr through disposing of its land parcels. Additionally over 22%, above to that of last year’s estimates, is separated for the development of commercial and institutional centers, and residential projects, so as to meet the demand.
In many of the areas like Alaknanda, Dwarka, Jasola, Kirti Nagar, Paschim Vihar, Rohini, etc. the residential and commercial development has to be sped up.
As against the Rs.2,156.37 Cr estimate of budget 2012-13, the amount has been raised to Rs.2,543.05 Cr in 2013-14. affordable houses remain a priority.
As per the last fiscal budget around 30,813 houses; comprising 4855 EWS houses and 24,660 LIG houses, were to be built. These houses were to be developed in Rohini, Narela and Dwarka.
DDA now plans to develop over 3000 EWS houses in Kalkaji Extension this year. Authority plans to complete the development with an estimated cost of Rs.30 Cr.