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India Today
12-07-2025
- Business
- India Today
Delhi Development Authority cuts commercial property charges to boost real estate
In a major policy shift to attract real estate investments, the Delhi Development Authority (DDA) on Friday reduced amalgamation charges for commercial properties from 10 percent to 1 percent of the circle move is aimed at boosting commercial development within Delhi, which has lagged behind neighbouring NCR cities like Noida and Gurugram due to higher further stimulate investor interest, the DDA also cut the multiplication factor used in commercial property auctions from 2 to 1.5 times the circle These changes are based on recommendations from a High-Level Joint Government-Industry Task Force formed by LG VK Saxena, which had flagged Delhi's uncompetitive market rates as a deterrent for reforms in commercial real estate, the DDA approved land use changes in Narela to establish an education hub and a multi-sports integrated stadium.A discount scheme was also cleared for bulk flat purchases by government entities in Narela, mirroring the Apna Ghar Awaas Yojana 2025 public a residential push, the DDA launched the Premium Housing Scheme 2025 through e-auctions, offering HIG, MIG, and LIG flats and garages in areas such as Vasant Kunj, Rohini, Dwarka, and Signature View Apartment residents will receive a facilitation rent during their building's reconstruction phase, ensuring their welfare is measures reflect the DDA's broader strategy of aligning real estate policies with industry inputs, deregulating processes, and making Delhi more competitive as both a commercial and residential destination.- EndsMust Watch
Time of India
11-07-2025
- Business
- Time of India
DDA reduces amalgamation charges for commercial properties, to boost real estate in the capital
The Delhi Development Authority has decided to reduce the amalgamation charges for commercial properties from the present 10% of the circle rate to just 1%, a decision which will unlock the real estate potential of Delhi. Additionally, the authority has reduced the multiplication factor for auction of commercial properties from the present rate of twice the circle rate to 1.5 times the circle rate. This will also catalyse greater investment and participation of real estate developers in commercial development in the city. The decision will incentivize real estate developers to develop commercial areas to scale and promote investment and employment in the city. This was one of the key reasons for commercial developments migrating to neighbouring cities in the NCR like Noida and Gurugram, where the admissible amalgamation charges were far lower compared to Delhi. These decisions followed the recommendations of a high-level joint government- industry task force constituted by LG VK Saxena. The high amalgamation charges for commercial properties in Delhi were prohibitive and discouraged developers from consolidating plots and undertaking large scale projects. This, consequently led to under-utilization of prime commercial areas, delayed infrastructure development and missed opportunities for urban mobility and redevelopment. Similarly, the task force had observed that Delhi's circle rates are disproportionately high as compared to market rates in neighbouring cities and a high multiplication factor is restricting the opportunities available for investors, resulting in greater investments in other cities of NCR. This is the first time that DDA has taken on board industry views for deregulation and simplification of its policies. The authority also approved change of land use in various sectors of Narela to help in creating an education hub, development of Multi Sports Integrated Stadium and Sports Complex and overall development of the sub-city. In addition to this, the authority also approved discount on bulk purchase of unsold flats in Narela by government departments and Universities.
Time of India
08-07-2025
- Climate
- Time of India
Drainage infra upgraded to prevent ITO waterlogging
New Delhi: To tackle the persistent issue of waterlogging and ensure smooth traffic flow in ITO, Public Works Department has undertaken significant civil work aimed at strengthening the stormwater drainage infrastructure. With an investment of approximately Rs 1 crore, PWD executed key drainage interventions to enhance the capacity and efficiency of the stormwater network feeding into the ITO pump house. Key works include the installation of 600mm diameter MS pipes—21 metres under IP flyover and 23 metres across to reach the ITO corner. In addition, 118 metres of 800mm-diameter MS pipe were laid using the trenchless method to minimise surface disruption. The construction also includes 38 metres of brick drain and 98 metres of RCC drain, totalling 136 metres of open drain infrastructure. These improvements are expected to facilitate faster and more effective stormwater inflow, significantly minimising the risk of surface flooding. You Can Also Check: Delhi AQI | Weather in Delhi | Bank Holidays in Delhi | Public Holidays in Delhi PWD minister Parvesh Verma took stock of the development on Tuesday along with LG VK Saxena at the ITO intersection. Even light rainfall often results in severe waterlogging and traffic jams in the area. Verma said, "This year, PWD took up the challenge with full seriousness and implemented large-scale technical upgrades. The drains in the area were completely redesigned, new drainage lines were laid at several points, and the entire water disposal system was equipped with high-capacity pumps and a sensor-based automated control mechanism. " He added, "ITO will no longer represent waterlogging but stand as a model of sustainable solution."
India Gazette
25-06-2025
- Politics
- India Gazette
"53 pc projects of Central Govt see delay of more than 3 years": AAP
New Delhi [India], June 25 (ANI): Aam Aadmi Party (AAP) on Tuesday alleged that the BJP government and Delhi LG VK Saxena have turned governance into a 'laughing stock' by weaponising routine project delays as alleged corruption. AAP questioned why no CBI inquiries have been launched into the '10-year delay' of the Bullet Train project or the 'fact that 53 per cent of Central Government infrastructure projects face delays exceeding three years and massive cost overruns'. The party underscored the 'absurdity' of sanctioning a probe against a former Delhi minister, Satyendar Jain, who had 'no involvement with the projects in question', and pointed out the 'logical fallacy of blaming ministers' when every officer involved in such works reports 'directly' to the LG. 'If this is the new definition of corruption, then dozens of Union Ministers should face CBI action every week,' AAP said, calling the entire exercise a politically motivated farce. In a statement, the Aam Aadmi Party (AAP) pointed out that the BJP Government and its Lieutenant Governor (LG) have turned governance into a 'perpetual joke'. 'They are wasting taxpayers' hard-earned money on frivolous investigations. How can anyone imagine that a delay in an infrastructure project would be called corruption--especially at the level of Ministers? If this is the yardstick for registering corruption cases, then dozens of cases should be filed every day against Central Government Ministers,' the party stated. The AAP noted, 'As of March 2023, 56.3% of Central Government projects monitored by MoSPI were delayed, with an average time overrun of more than three years. By July 2023, 809 projects were reported delayed, with a cumulative cost escalation of over Rs 4.65 lakh crore. The original cost of 835 delayed projects (as of January 2023) was Rs 10.88 lakh crore, which escalated to 14.07 lakh crore--a cost overrun of nearly Rs 3.2 lakh crore. Will the CBI register cases against the respective Central Government Ministers?' The party also questioned the execution of the flagship Bullet Train project--the Mumbai-Ahmedabad High-Speed Rail (MAHSR) 'By July 2022, expenditure had reached Rs 28,442 crore, with revised estimates placing the final cost at Rs 2 lakh crore--an 85% escalation from the original Rs 1.08 lakh crore. That's a Rs 92,000 crore increase. This, too, is a case of delay and cost escalation that has nearly doubled the initial budget. Will the CBI register a corruption case against that Minister?' the AAP questioned. 'As per Central Government data, common causes for delays in projects include delayed regulatory approvals, land acquisition issues, financial constraints, contractor non-performance, environmental clearances, and bureaucratic inefficiencies. Can corruption cases be registered against Ministers for these reasons?' AAP stated. (ANI)
Time of India
14-06-2025
- Business
- Time of India
Bhai Veer Singh Marg to remain closed for traffic for six months
New Delhi: Traffic on Bhai Veer Singh Marg, connecting to Gole Market in Lutyens Delhi, will remain closed for six months, starting June 18. New Delhi Municipal Council (NDMC) will close the road for the construction of a subway and service block as part of the project for the "conservation and restoration of the main Gole Market building into a museum and redevelopment of the surrounding area, including the construction of a service block and a subway. Tired of too many ads? go ad free now " In a public notice issued by NDMC, it was stated that "the construction work on the project for the conservation of Gole Market buildings and its redevelopment is going on at the Gole Market roundabout area. Delhi Traffic Police has accorded permission for the road closure of Bhai Veer Singh Marg and service lane for the construction of a subway and service block. Therefore, the road and service lane will remain closed for a period of six months starting June 18. Inconvenience caused is regretted," stated the council. The council began the on-site work in Oct 2023, initially planning to complete the conservation and restoration of the heritage building by Oct 2025. However, in April, NDMC revised the completion timeline to March 2026. Officials explained that the deadline extension was necessary due to the time required for finalizing all drawings, layouts, and designs for the project. The heritage building will be transformed into a museum dedicated to women achievers in various spheres. The restoration work, costing Rs 21.6 crore, involves retrofitting, rehabilitation, and conservation of the 1,407 sqm building. The renovated structure will feature a glass dome in the central courtyard, an insulated roof, central air-conditioning, ornamental fittings and fixtures, and a subway and lifts. Tired of too many ads? go ad free now The project also includes provisions for public facilities and accessibility for differently-abled individuals, while maintaining the original fenestration and entrance archways. An underpass will connect the museum to Doctors Lane and Bhai Veer Singh Marg. During a site visit on Nov 5, LG V K Saxena reviewed the progress and was informed by officials that the retrofitting and overall strengthening of the existing structure and walls are progressing well, with the arches taking shape.
