The makeover aims to transform the capital city to the world standards comprises the restoration of Yamuna.
DDA has now pegged its overall budget spending for the fiscal year 2018-2019 at more than Rs. 8,000 crore. It also decides to transform plans to transform Delhi into a “world-class city” through various projects, which include the restoration of Yamuna.
The budget amount, with the restore estimates for the duration 2017-18, was offered before the Authority, the outstanding decision-making body of DDA, during the meeting conducted today at the Raj Niwas under Lt Governor Anil Baijal chairmanship. The development authority of Delhi said that “ The budget spending for 2018-19 is set at roughly about Rs 8,032 crore, projecting the development of sixty-seven percentages over revised spending estimates for the year 2017-18 at about Rs. 5,295 crore.”
It said that As a portion of its budgetary allotment, the Delhi housing authority decides to invest about Rs. 3,633 crore on both shops and houses, about Rs. 765 crore on the land acquisition under Land Pooling Policy as well as payment of improved compensation, about Rs. 2,348 crore on land development and approximately Rs. 1,286 crore on miscellaneous and establishment expenditure.
The authority also decided that major activities are undertaken as the part of budget provisions, is working towards “developing Delhi into the world-class city”.
The RFP (Requests for Proposal) for growing vacant regions available at Rohini, Narela, and Dwarka are floated, said by the statement. 15 new development policies and fourteen new housing-related building works are introduced. There is a rail-overbridge is going to be built at the Narela, said by the statement.
It added that “development of 5 socio-cultural centers in Dwarka, Netaji Subhash Place, CBD Shahdara, Rohini and Mayur Place is in the planning stage”.
The DDA is also decided that this budget will include restoration and rejuvenation of river Yamuna, development of twenty-five ha region surrounding Sultangarhi Tomb Conservation Complex located in Vasant Kunj and upgrading of the Vasant Udyan at Vasant Kunj.
The statement told that “the 3 pilot projects on the in-situ rehabilitation process are effectively in progress exactly at Kathputli Colony, Kalkaji, and Jailorwala”.
Along with the budget presentation, some other essential decisions were effectively taken during this meeting. Also, the authority approved this revised modalities for the enhanced FAR (Floor-area ration) in the projected commercial centers.