• Source:JND
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DDA Housing Scheme Update: Delhi Development Authority (DDA) has generated Rs 5,185 crore from selling over 15,000 flats between April 2023 and Feb 27, 2025, setting a record for the highest-ever collection from housing sales over the past decade.

This surpasses the Rs 4,462 crore raised over eight years (April 2015 to March 2023), according to DDA officials, as quoted by a Times Of India report.

In the financial year 2024-25, DDA sold 7,184 flats, the majority under the first-come, first-served scheme, which offered discounted rates for construction workers, women, and people from SC/ST categories. Narela alone accounted for 2,700 flat sales in this period.

This surge in flat sales has boosted DDA's financial stability, as the revenue is credited to its general development account (GDA). "The increased cash flow has strengthened DDA's ability to fund new development projects and enhance urban infrastructure," said officials, as per the report.

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For FY 2024-25, DDA has collected Rs 2,786 crore from flat sales, already surpassing last year's total of Rs 2,416 crore by Rs 370 crore.

“The financial position of the DDA improved since May 2022 after VK Saxena took over as lieutenant governor and chairperson of the authority. He stressed on innovative marketing strategies, which included offering discounts and schemes to needy people, accelerating the sales of flats," stated the authority.

Saxena had raised concerns about DDA's declining financials when he took charge, noting that the authority faced liabilities exceeding Rs 10,000 crore.

Saxena also informed about the financial status of the DDA, which had a total deficit of Rs 3,209.14 crore and the DDA's loan liabilities of five years (from 2016-17 to 2021-22) amounting to Rs 8,915 crore. He invited the general public to provide suggestions to improve the situation. Subsequently, a consultant was hired to suggest a strategy to boost the sale of flats.

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Since then, multiple housing schemes, including the 2023 focus on Narela, have contributed to the turnaround. Aggressive advertisements and ensuring phase-wise completion of large projects in record time at Narela, Loknayak Puram, Dwarka, and Rohini were also concentrated upon during the DDA's meetings, as per the report.

In 2024, DDA launched penthouses through e-auction and introduced new schemes, such as the Shramik Awaas Yojana and Sabka Ghar Awaas Yojana, offering discounted homes to a variety of groups.