India, July 11 -- The Delhi Development Authority (DDA) has approved a series of reforms aimed at revitalising the capital's commercial real estate sector and attracting large-scale investments into the capital. It also cleared the launch of the Housing Scheme 2025, offering 177 residential flats to middle and lower-income groups through e-auction.

These units will be located in prime areas such as Vasant Kunj, Dwarka, Rohini, Pitampura, Jasola, Ashoka Pahari, and others.

These decisions were taken in a DDA meeting chaired by Lieutenant Governor V K Saxena on July 11.

The authority has drastically reduced amalgamation charges for commercial properties, from the existing 10% of the circle rate to just 1%. The move is aimed at exploiting...