Announcing the rates of premium for land for institutional purposes, he said the government has decided to allot land at cheap rate for public utilities and services in the national capital. The decision was taken after consulting the Delhi government and DDA.
Delhi government will also get land for offices from DDA at zonal variant rate (ZVR) which range between Rs 23,490 and Rs 52,853 per sqm from the earlier market rate which was between Rs 1,82,400 and Rs 6,72,000 per sqm. These rates are applicable for 2014-15 and 2015-16.
Rate for land allotted to Delhi government for un-remunerative uses such as maternity centres, night shelters and orphanages has also been reduced to Re 1 per annum, he added.
Besides, the rate of land for DTC Depots and offices have been reduced from commercial rates ranging between Rs 1,82,400 and Rs 6,72,000 per sqm will now be at no profit no loss rate or Rs 11,745 per sqm.
Naidu also took a dig at Delhi Chief Minister Arvind Kejriwal's accusation that Centre is not letting his government work, saying, "They are giving ad (advertisement) but I am adding (to the development of the state).
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