[ecis2016.org] The DDA has pegged its budget expenditure for FY 2018-19 at over Rs 8,000 crores and plans to transform Delhi into a world-class city through various projects
The Delhi Development Authority (DDA), on April 11, 2018, presented its budget for FY 2018-19, along with revised estimates for 2017-18, before the Authority, the DDA’s highest decision-making body, during a meeting held at Raj Niwas under the chairmanship of Lt Governor Anil Baijal. “The budget expenditure for the year 2018-19, has been set at Rs 8,032 crores approximately, projecting a growth of 67 per cent over the revised budget estimates for 2017-18 at Rs 5,295 crores,” the DDA said in a statement.
You are reading: DDA announces Rs 8,032-crore budget for FY19, to make Delhi a world-class city
As part of its budgetary allocation, 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 development of land and Rs 1,286 crores on establishment and miscellaneous expenditure, it said. The Authority decided that key activities to be undertaken, as part of the budget provisions, would be to work towards ‘transforming Delhi into a world-class city’.
Read also : What can home buyers do, under RERA, if agreements don’t mention possession dates
[ecis2016.org] DDA has sought changes in Delhi Master Plan 2021: Housing minister
Requests for proposal (RFPs) for developing vacant areas available at Dwarka (200 ha), Rohini (259 ha) and Narela (218 ha) have been floated, the statement said. Fifteen new development schemes and 14 new housing-related development works, would be introduced and a rail-overbridge would be constructed at Narela, the statement said. “Construction of five socio-cultural centres, in Rohini, Dwarka, CBD Shahdara, Mayur Place and Netaji Subhash Place, is at a planning stage,” it added.
The DDA has decided that the budget would include rejuvenation and restoration of river Yamuna, upgrading of Vasant Udyan at Vasant Kunj and development of 25 ha (62 acres) area surrounding the Sultangarhi Tomb Conservation Complex in Vasant Kunj. “Three pilot projects on in-situ rehabilitation are under progress at Kalkaji, Jailorwala Bagh and Kathputli Colony,” the statement said.
Read also : Building bye-laws for Delhi revised
It was decided that 794 LIG/one-bedroom flats (574 in Sector-34, Rohini and 220 flats in Siraspur), would be allotted to the Central Industrial Security Force (CISF), since the DDA has sufficient stock of LIG flats, the statement said. The Authority also approved the revised modalities for enhanced floor area ratio (FAR) in planned commercial centres. “The enhancement of FAR was notified in February 2007 but the stakeholders were not coming forward to avail of the enhanced FAR, may be due to the reasons that the process is very lengthy, cumbersome, time consuming. For ease of doing business, it was felt that there was a need to make apportionment of the FAR simple, transparent and online, with minimum human intervention,” the statement said.
The Authority also ratified the modifications in the Unified Building Bye-Laws 2016, for simplification of forms and proforma and omission of bond(s)/affidavit(s), to usher in smooth operations in the building permit process and contribute significantly towards ease of doing business. “Now, in addition to other simplified procedures, self-declaration undertakings will be accepted, instead of attestation by notary public/metropolitan magistrates on Rs 10 non-judicial stamp papers,” the statement said.
Source: https://ecis2016.org/.
Copyright belongs to: ecis2016.org
Source: https://ecis2016.org
Category: Lifestyle