The Delhi Development Authority (DDA) has approved its budget for the financial year 2023-24, with a focus on infrastructure projects in Narela, Dwarka, and Rohini sub-cities, and the Urban Extension of Roads II project. The budget was passed in a recent meeting chaired by Lieutenant Governor V K Saxena. The allocation of funds for the restoration and rejuvenation of the Yamuna floodplains, green spaces, and the approval of pre-determined rates for various projects, including Rohini Phase IV and V, Tikri Kalan and Narela for 2022-23, were among the budget highlights.
The budget also includes the completion of several projects this year, such as the 1,114 high-income group flats in Dwarka, 650 MIG flats in Lok Nayak Puram, and around 9,000 HIG/MIG flats in Narela. The delayed sports complexes in Dwarka's Sector 17, 8, 19, and 23, and a golf course at Sector 24 are also targeted for completion this year.
The DDA is projecting revenue of around ₹4,310 crore from the sale of additional inventory of existing housing projects nearing completion, which is why emphasis has been given to complete all ongoing housing projects. The authority has also prepared an action plan for rejuvenation of water bodies across Delhi for ₹55 crore. Additionally, to reduce dependence on fresh water sources for watering parks and irrigation, DDA has implemented sustainable water management practices. A provision of ₹4 crore has been kept in the budget estimate for 2023-24 to continue with these techniques.