<h1>DDA slashes commercial property amalgamation charges from 10% to 1% of circle rate to boost development</h1> The Delhi Development Authority approved significant reforms to revitalize the capital's commercial real estate sector. Key changes include reducing amalgamation charges for commercial properties from 10 percent to 1 percent of circle rate, and lowering the multiplication factor for commercial property auctions from twice to 1.5 times the circle rate. These measures aim to make the city more competitive within the National Capital Region and encourage large-scale development. The authority also approved land use changes in specific sectors to create an educational hub and sports complex, while planning to launch a premium housing scheme offering 177 residential flats across prime locations.