DDA Records Rs 1,371-Cr Surplus in 2024-25 on Housing Scheme Demand

The public property developer of Delhi, DDA, posted a record surplus of Rs 1,371 crore in 2024-25, primarily owing to a growing acceptance of its housing schemes.

- TDG NETWORK

This is the second consecutive year when the Delhi Development Authority (DDA) has recorded surplus revenue.

In 2023-24, it recorded a surplus of Rs 511 crore under the General Development Account (GDA), reversing the revenue-deficit trend of 12 consecutive years, according to a statement issued by the DDA on Wednesday.

The GDA refers to the revenue sources of the DDA in the form of transactions relating to disposal of houses and shops developed by it, licence fees from built-up properties, management of sports complexes etc.

Lieutenant Governor V K Saxena, who is the chairman of the DDA, took charge in May 2022 at a time when the DDA was incurring "huge losses" mainly due to a large number of unsold inventory of flats, the statement said.