By Dr. Kala Seetharam Sridhar – Head, Public Policy Research Group. Published in The Economic Times Express, June 9, 2011.
A high-level government panel recently pointed out that the Delhi Development Authority (DDA), tasked with land development, has become more like a ‘finance company’ and was earning huge money from bank deposits , instead of spending money on infrastructure. In India’s cities, urban development authorities (UDAs) hold substantial amounts of land. In new areas, these UDAs acquire land under public purpose regulation, develop them with infrastructure networks, and then sell to developers and end-users .