Delhi civic bodies to waive off property tax for plots upto 50 sq m
Real Estate

Delhi civic bodies to waive off property tax for plots upto 50 sq m

The North Delhi Municipal Corporation, South civic body and East civic body are considering waiving off the property tax for plots of 50 sq metres.

According to a South Corporation, the civic body might waive off property tax of up to 100 sq metres.

Earlier this year, the north civic body passed a proposal in the house to waive off property tax for properties of 50 sq m or less within residential areas.

Jay Prakash, the former mayor, passed the proposal that all residential plots of 50 sq m, including approved colonies, rural areas and unauthorised properties, may be exempt from paying property tax.

He said that the Delhi government rules prohibit only one civic body to make the change. In discussion with other corporations, all come together to waive off property tax for plots up to 50 sq m. This initiative will be people-friendly during these difficult times.

Leader in the House of South corporation, Indrajeet Sehrawat, said that the civic body is planning to increase the area to 100 sq m and provide relief to the economically weaker sections (EWS) of Delhi. The authority is yet to make the final decision.

Image Source

Also read: BMC to waive off around Rs 41 cr property tax for hotels

The North Delhi Municipal Corporation, South civic body and East civic body are considering waiving off the property tax for plots of 50 sq metres. According to a South Corporation, the civic body might waive off property tax of up to 100 sq metres. Earlier this year, the north civic body passed a proposal in the house to waive off property tax for properties of 50 sq m or less within residential areas. Jay Prakash, the former mayor, passed the proposal that all residential plots of 50 sq m, including approved colonies, rural areas and unauthorised properties, may be exempt from paying property tax. He said that the Delhi government rules prohibit only one civic body to make the change. In discussion with other corporations, all come together to waive off property tax for plots up to 50 sq m. This initiative will be people-friendly during these difficult times. Leader in the House of South corporation, Indrajeet Sehrawat, said that the civic body is planning to increase the area to 100 sq m and provide relief to the economically weaker sections (EWS) of Delhi. The authority is yet to make the final decision. Image Source Also read: BMC to waive off around Rs 41 cr property tax for hotels

Next Story
Infrastructure Transport

Railway stations in Prayagraj undergo major passenger facility expansion

The Railway Board Chairman and CEO, Satish Kumar, conducted an extensive inspection on Saturday alongside the General Manager of Northern Railway and the officiating General Manager of North Central Railway. Their visit focused on various ongoing projects at multiple stations across the Northern and North Central Railway zones, with particular attention to enhancing facilities for the upcoming Maha Kumbh. During the inspection, Chairman Kumar reviewed the construction of a vital bridge over the River Ganga, specifically between Jhunsi and Prayagraj Rambagh. This bridge is expected to significa..

Next Story
Infrastructure Transport

Madurai-Thoothukudi broad gauge line works under review

The construction of the Madurai-Thoothukudi broad gauge line, which includes the crucial Melmarudur-Tiruparankundram project, is currently under careful review. This update comes from Southern Railway's assistant public information officer, J Kumarasubramanian, following an RTI inquiry made by a concerned citizen, Dayanand Krishnan. The new broad gauge line is projected to cover a total length of 143.5 km, with the initial 18 km stretch between Milavittan and Melmarudur completed and sanctioned by the Commission of Railway Safety on March 8, 2022. While substantial progress has been made on t..

Next Story
Real Estate

DLF expects Rs 26,000 cr from super luxury project in Gurugram

Realty giant DLF is projecting impressive revenue of Rs 26,000 crore from its newly unveiled super-luxury project, The Dahlias, situated in the heart of Gurugram. Ashok Tyagi, the Managing Director of DLF, shared these insights during a recent conference call with market analysts, highlighting the project's potential amidst rising demand for high-end residential properties. The Dahlias project spans an expansive 17 acres and is set to feature approximately 420 ultra-luxury apartments, each boasting a minimum size of 10,300 square feet. This ambitious development has already garnered significan..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000