NEW DELHI, 19 February (H.S.) :

The Delhi Development

Authority (DDA), which is under Central Government, has decided to conduct

valuation of all types of its properties in the capital. This step has been

taken after many years, which will enable DDA to get the real value of its

assets. DDA has issued a tender for this work, the last date for submission of

bids has been fixed as 25th February 2025. The valuation process will be based

on the situation as on March 31, 2024. To complete this, the valuer will get 60

days for the draft report and 30 days for the final report.

According to DDA

officials, this evaluation will serve many important purposes. This will help

DDA to know the actual value of its property and help in determining the

auction and lease rates. Valuation will also reveal how much DDA land is

encroached upon, a strategy can be made to remove it. DDA will be able to

decide which land can be used for which type of developmental works. Based on

the evaluation, new ways of revenue collection can be decided. It will also be

known how old the property is and how long it can remain useful. This

initiative of DDA is expected to accelerate the redevelopment of Delhi and

expansion of infrastructure. This will give new dimensions to residential and

commercial plans in future.

This comprehensive

assessment by DDA will include not just land but various types of assets,

including both vacant and built-up land, residential, commercial and shop-buildings,

plants and machinery, electrical equipment and other assets. DDA is the main

land owning agency in Delhi, so far it has developed 10 lakh flats, 650

commercial complexes, 22 industrial estates and more than 3500 institutional

plants. Apart from this, 15 sports complexes, 39 fitness centers, 2 golf

courses and 26 green playgrounds have been built for the people. But due to the

increasing shortage of land in the capital, DDA feels the need to know the

exact condition and value of its properties, so that the available resources

can be utilized to earn more by the double-engine government in a better way.

Hindusthan Samachar / Meenakshi Bhattacharya