DDA budget: Focus on green cover and Metro expansion

With emphasis on Metro expansion and green expansion along with a series of initiatives, the Delhi Development Authority (DDA) on Friday presented its budget for the financial year 2016-17. The DDA, while presenting its budget, set the expenditure at Rs 8,500 crore, projecting a growth of 32 per cent over the Revised Estimate (RE) 2015-16.

The authority informed that the estimated expenditure is expected to be met mainly from disposal of houses pegged at Rs 2,700 crore, Rs 2,500 crore from disposal of lands and Rs 3,300 crore from miscellaneous sources. “The DDA has also earmarked grants to DMRC amounting to Rs 313.5 crore and Rs 13.50 crore during RE 2015-16 and Budget Estimates (BE) 2016-17 respectively. It has also allocated a whopping Rs 880 crore in RE 2015-16 and Rs 910 crore in BE 2016-17 for expansion of green areas in the Capital. “An amount of Rs 3,753.87 crore has been reserved for construction of houses and shops this time as new housing schemes are likely to be undertaken in Vasant Kunj, Rohini and Dwarka and on-going schemes in areas — Kalkaji, Rohini, Jahangirpuri, Dwarka, Bakkarwala, Vasant Kunj, Narela etc, which are in progress, will also be taken up,” said a senior DDA official.

In order to ensure commercial development, the authority has decided to develop convenient shopping centres at Yamuna Vihar, Geeta Colony, Rajouri Garden, Paschim Vihar and Dwarka. The budget has also allocated an amount of Rs 2,938 crore for development of residential, industrial, commercial and institutional lands. A total of 33 new land development schemes and 18 new housing and related development works were announced to introduce and eight new community halls at Pitampura, Rohini, Narela, Madanpur Khadar, Badarpur and Jasola are to be constructed.

Fixation of rates of land for calculating conversion charges from leasehold to freehold in respect of commercial and industrial properties and fixation of land rates for purpose of calculating conversion charges from leasehold to freehold in respect of areas under multi-level parking were also proposed during the meeting. 

The Authority approved the proposal for fixation of land rates. These rates will be Rs 1,12,050 per sqm for 100 FAR for South, Central and Dwarka zones, Rs 77, 815 per sqm for 100 FAR for West, North, East and Rohini zones and Rs 31,127 per sqm for 100 FAR for Narela zone.

Similarly, in respect of industrial properties it will be Rs 67,232 per sqm for 100 FAR for Central, South and Dwarka zones, Rs 46,690 per sqm for 100 FAR for West, North, East and Rohini zones and Rs 23,346 per sqm for 100 FAR for Narela zone. 

However, the rate for malls and multi-complexes will be further enhanced by 50 per cent or 1.5 times of the normal rates. Regarding multi-level parkings, the rates will be Rs 39,218 per sqm for 100 FAR for South, Central, and Dwarka zones, Rs 27,235 per sqm for 100 FAR for West, North, East and Rohini zones and Rs 10,894 per sqm for 100 FAR for Narela zone.