Delhi government plans to appoint transaction advisor to assess land, building assets
The Delhi government is set to appoint a transaction advisor to evaluate its land and building assets, with the goal of redeveloping them for optimal commercial use. This move aims to identify opportunities to enhance revenue and develop financially viable models for underutilized assets, according to an official. The assets in question include the Varunalaya/Jhandewalan office premises and residential properties in Haiderpur and Lajpat Nagar.
The Delhi Asset Management Information System (DAMIS), developed by the IT department, serves as a centralized, updated digital platform for all government-owned land and properties. Departments across the Delhi government have uploaded details of nearly 14,000 properties onto DAMIS, including information about ownership type, current asset status, land use, plot size, and construction details.
The government hopes that this comprehensive assessment will unlock the value of existing assets and generate sustainable revenue without compromising operational requirements.
Written by urgent.news from The Indian Express's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
