Delhi Development Authority has unsold housing inventory of ₹18000 crore: Centre

Delhi Development Authority has unsold housing inventory of ₹18000 crore: Centre

New Delhi: Unsold housing inventory worth some ₹18,000 crore is primarily responsible for a cash deficit of ₹9,615 crore at the Delhi Development Authority, the state-owned builder of affordable homes in the national capital, junior housing and urban affairs minister Kaushal Kishore told the Rajya Sabha on Monday.

“Delhi Development Authority has a cash deficit of ₹ 9,615 crore as on 31.03.2022 which has been financed through borrowings from Nazul Account. The deficit started from the Financial Year 2016-17 and it is mainly due to unsold housing inventory worth ₹ 18,000 crore approximately,” Kishore said in a written response to a question by Aam Aadmi Party member Narain Dass Gupta.

Delhi Development Authority has unsold housing

The housing stock is lying unsold since 2014 as the small flats located mainly in Narela in north Delhi are deemed to be too costly and lack Metro connectivity, he said.

The DDA has taken various measures to sell these flats, Kishore said. “In order to improve saleability of these flats, DDA has undertaken various remedial measures including improvement of transport infrastructure, construction of Urban Extension Road –II (UER-II), permitting amalgamation of flats, allotment on first come first serve basis and some concession to the purchasers,” he said.

Last month, Delhi lieutenant governor VK Saxena sought suggestions from the public to make the DDA “viable”, arguing that the landowning agency has liabilities of over ₹10,000 crore due to “mismanagement”.

“While DDA are owners of one of costliest & largest chunk of real estate in the world, mismanagement has led to its liabilities exceeding ₹10k Cr. Let’s resolve to make DDA viable. Your suggestions & participation will make it happen. #ForABetterDelhi,” Saxena tweeted last month.

Saxena, who is also chairman of the DDA, shared data in his tweet, showing that the developer has accumulated loan liabilities of ₹8,915 crore in the past five years between 2016-17 and 2021-22. It had a cash deficit of ₹3,209.14 crore, the tweet said.

The DDA put on sale 56,932 flats since 2014, Kishore has said in a written reply to a question in the Rajya Sabha in December last year.

“About 15,500 flats have been returned/surrendered and have remained unsold so far,” he had said. “79% of total surrendered (returned) flats are located in newly developed Narela sub-city.”

Source: https://www.hindustantimes.com/cities/delhi-news/dda-has-unsold-housing-inventory-of-rs-18000-crore-centre-101659378730864.html

नोट :- हमारे वेबसाइट www.indiangovtscheme.com पर ऐसी जानकारी रोजाना आती रहती है, तो आप ऐसी ही सरकारी योजनाओं की जानकारी पाने के लिए हमारे वेबसाइट www.indiangovtscheme.com से जुड़े रहे।
*****

Comments

This week popular schemes

ISRO NAVIC GPS App Download : Indian Regional Navigation Satellite System (IRNSS)

प्रधानमंत्री ग्रामीण आवास योजना लाभार्थी सूची 2021 Pradhan Mantri Gramin Awas Yojana List 2021

प्रधानमंत्री आवास योजना ग्रामीण सूची। ऐसे देखे लिस्ट में अपना नाम ?

Booking of Air tickets by Central Government employees for LTC purpose by three Government owned firms viz. Balmer Lawrie, Ashoka Travels and IRCTC

Booster Dose of Covid Vaccine कोविड वैक्सीन की बूस्टर खुराक

Interest Subsidy Scheme on Educational Loans शिक्षा ऋणों पर ब्याज राजसहायता योजना

Online Application for various post on Deputation basis Apply 05/08/2022

Telangana 2BHK Housing Scheme Application Form PDF Download Online

Apply Online for State Health Card in Uttar Pradesh under UP SECTS Scheme

Vacant Posts of Teachers प्राथमिक, माध्यमिक और उच्च शिक्षा संस्थान में अध्यापकों के रिक्त पद