New Delhi
The Delhi Development Authority (DDA) has posted a revenue surplus of ₹1,371 crore at the end of financial year 2024-25. This is the second consecutive year when DDA has recorded revenue surplus, the agency said on Wednesday. This comes after the DDA has been in a revenue deficit for 12 years.
The DDA has credited the surplus primarily to the unprecedented sale of housing units across all categories at various locations. In a statement, the DDA said “According to the data received on March 31, 2025 there has been a steep and steady upward trend in the actual surpluses registered in the General Development Account (GDA).”
GDA account is the main account of DDA and deals with transactions relating to disposal of Houses and shops, license fees from built up properties, management of sports complexes, etc.
They said that the total receipts in 2024-25 stood at ₹3,477 crores, while the total expenditure was ₹2,106 crore, and the surplus was of ₹511 crore, compared to 2022-23 financial year, when the GDA reported a substantial loss of ₹1,304 crore.
The statement further said that the when Lieutenant-Governor V.K. Saxena took charge of the DDA in the capacity of chairperson, the DDA was incurring losses mainly due to its massive unsold inventory of flats, and Mr. Saxena had directed officials to take corrective measures to curb the losses and make DDA financially self-sustainable.
There was a relaxation of conditions in its housing policy to expand the customer base. A key policy change was to remove the restrictions on repeat buyers. Earlier, those who already owned a DDA flat could not apply for more. “This instantly increased the buyers’ pool,” an official said.
For the first time since it was established in 1957, the DDA roped in a consultancy firm in 2024 to understand buyers’ expectations. “The firm’s role was to point out DDA’s shortcomings,” an official explained. According to a source, the firm cited high prices and lack of connectivity to houses in Rohini and Narela as the reasons for decline in purchase.
Published – April 24, 2025 12:52 am IST
