FOB complete, traffic flows freely after two-year gap

The Delhi Development Authority (DDA), for a second consecutive year, recorded a revenue surplus and posted ₹1,371-crore surplus at the end of the 2024-25 financial year, after over a decade in the red prior to the last two fiscals, officials aware of the development said.

- Snehil Sinha

NEW DELHI:

According to DDA data as of March 31, in 2024-25, the total receipts under General Development Account (GDA) was ₹3,477 crore, while the total expenditure was ₹2,106 crore. While GDA was in substantial loss of ₹1,304 crore in the 2022-23 financial year, it registered a surplus of ₹511 crore in 2023-24, which was a first in 12 years.

"This further augmented to a record surplus of ₹1,371 crore in GDA in 2024-25, registering a growth of 169% as compared to 2023-24. Thus, from a loss-making entity, DDA has transformed into profit-making organisation in two years," a DDA spokesperson said. The key GDA account deals with transactions relating to disposal of houses and shops, licence fees, and management of sports complexes, among others.