HomeLatestDDA Reports Seventeen Thousand Crore Liabilities And Over Thirty Four Thousand Unsold...

DDA Reports Seventeen Thousand Crore Liabilities And Over Thirty Four Thousand Unsold Flats

The Delhi Development Authority (DDA) currently carries liabilities of approximately ₹17,000 crore, with over 34,000 of its residential units remaining unsold, the Lok Sabha was informed on Thursday. The figures highlight the ongoing challenge of balancing the authority’s financial obligations with its housing inventory in India’s capital.

In a written response to parliamentary queries, the Union Minister of State for Housing and Urban Affairs stated that DDA’s liabilities, which stood at ₹16,987.98 crore as of March 31, 2025, are being serviced on time, and no administrative inefficiency has been observed. “All payments are being managed systematically, reflecting sound financial administration,” an official noted. Despite the authority’s robust financial management, the issue of unsold flats remains significant. In the Narela sub-city alone, of the 62,801 flats constructed, only 31,314 have been allotted, leaving 31,487 units unsold. Across Delhi, the total unsold inventory stands at 34,052 flats, demonstrating a persistent mismatch between housing supply and market uptake. Experts suggest that factors such as affordability, location preferences, and lack of awareness may contribute to the slow absorption of these units.

The DDA has outlined plans to release new flats in the current financial year to address the backlog. A total of 1,026 MIG (2-BHK) flats under the DDA Towering Heights Karkardooma Housing Scheme 2025 will be offered for allotment. Additionally, 3,666 flats in Narela—including 900 HIG (3-BHK), 1,750 MIG (2-BHK), and 1,016 EWS units—are also scheduled for release. “The allotment of these units will help optimise housing stock utilisation while providing equitable access to affordable homes,” an urban development expert said. Urban planners have noted that while the DDA’s financial standing remains stable, unsold flats indicate an opportunity to integrate market-driven strategies, including flexible pricing and enhanced public communication, to improve uptake. Sustainable urban development advocates highlight the need for inclusive housing policies, ensuring that both low-income and middle-income families can access safe, well-located housing within city limits.

As Delhi continues to expand, authorities aim to synchronise housing availability with infrastructure growth, mitigating urban sprawl and promoting environmentally responsible development. The DDA’s strategy for releasing pending inventory this year is a step towards aligning financial stewardship with equitable housing access, addressing long-standing demand-supply gaps in the capital.

DDA Reports Seventeen Thousand Crore Liabilities And Over Thirty Four Thousand Unsold Flats
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -spot_img

Most Popular

Recent Comments

Raymond Appoints New Group CFO Rakesh Tiwary To Strengthen Financial Strategy Leadership

Raymond Appoints New Group CFO Rakesh Tiwary To Strengthen Financial Strategy Leadership

0
Raymond has announced the appointment of Rakesh Tiwary as the new Group Chief Financial Officer, a move aimed at reinforcing the company’s financial management,...
Mumbai Flyover Study Seeks Design Tweaks As BMC Prepares Revised Plans Submission

Mumbai Flyover Study Seeks Design Tweaks As BMC Prepares Revised Plans Submission

0
Mumbai’s civic authorities have initiated a fresh technical review of the Veer Savarkar flyover in Goregaon West after an expert team from a leading...
Mumbai To Undergo Massive Upgrade With New Sea Link, Tunnel, Metros By 2032

Mumbai To Undergo Massive Upgrade With New Sea Links, Tunnels, Metros By 2032

0
Mumbai’s long-delayed mobility overhaul is expected to accelerate over the next few years, with the state leadership outlining an ambitious plan to complete several...
CIDCO Brings Kondhane Dam Water To Panvel Mohopé Boosting Supply

CIDCO Brings Kondhane Dam Water To Panvel Mohopé Boosting Supply

0
Navi Mumbai is set to see a significant boost in its water supply as CIDCO initiates the development of a dedicated pipeline from the...
Adani Unveils Fifteen Billion Airport Upgrade Across India Network Airports

Adani Unveils Fifteen Billion Airport Upgrade Across India Network Airports

0
Adani Group has unveiled a comprehensive five-year airport expansion strategy valued at around $15 billion, signalling a major push to enhance passenger handling capacity...