A DDA flat was a privilege in a city where almost nobody could build anything. Its inventory of unsold flats now exceeds 40,000 at a value of Rs 18,000 crore, and it's still building more.
Delhi Development Authority has been left with 16,000 unsold houses, with another 24,000 yet to be put on sale. It has now fixed revenue target at Rs 4,600 cr for upcoming housing scheme.
Delhi Development Authority officials say the likely awareness building will include education on 'proper disposal of waste & its segregation at source”, as well as need for schooling for kids.
While the proposals increase maximum remunerative component given to developers to 50% from current 40%, minimum plot area for rehabilitation reduced to 50% from present 60%.
Delhi Development Authority awaits housing ministry nod to implement relaxation. Moved aimed at ensuring that fresh housing stock does not go unsold while old inventory is piling up.
The scheme is completely online from processing of application to possession of flats. The applicant will have to visit DDA only for the purpose of execution deed.
Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
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