Proposal for property tax hike rejected by South Delhi civic body
Real Estate

Proposal for property tax hike rejected by South Delhi civic body

The BJP-led standing committee in their budget proposals, has not imposed a new tax. According to a statement, they announced a property tax waiver for previous years for the recently-regularised unauthorised colonies residents under their jurisdiction.

The statement further stated that SDMC Chairman, BK Oberoi rejected a proposal for increasing taxes on residential as well as commercial properties in the civic body 2022-23 budget.

An announcement that a total of eight new health centers will be established under the jurisdiction of SDMC was made by Oberoi.

The North, South, and East civic bodies of Delhi have to go to the polls before the beginning of May.

All the new health care centers will comprise a computerised OPD registration facility.

There has been an increase in the estimates of SDMC's revised budget from Rs 4,668.26 crore for 2021-22 to Rs 4,826.43 crore for 2022-23.

Additionally, the establishment of a resource center in every SDMC zone for the welfare of Children With Special Needs (CWSN) was announced by Oberoi.

There will also be an increase in the Boys' Fund which is an amount handed over to the principals for taking care of the smaller expenses of the students. The Boys' Fund was previously Rs 40 per year, which will now be Rs 100 per year.

A memorandum of understanding (MoU) has been signed by the SDMC and the Indian Solar Energy Corporation for the installation of 10 KW solar rooftop plants in their buildings.

Image Source

Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

The BJP-led standing committee in their budget proposals, has not imposed a new tax. According to a statement, they announced a property tax waiver for previous years for the recently-regularised unauthorised colonies residents under their jurisdiction. The statement further stated that SDMC Chairman, BK Oberoi rejected a proposal for increasing taxes on residential as well as commercial properties in the civic body 2022-23 budget. An announcement that a total of eight new health centers will be established under the jurisdiction of SDMC was made by Oberoi. The North, South, and East civic bodies of Delhi have to go to the polls before the beginning of May. All the new health care centers will comprise a computerised OPD registration facility. There has been an increase in the estimates of SDMC's revised budget from Rs 4,668.26 crore for 2021-22 to Rs 4,826.43 crore for 2022-23. Additionally, the establishment of a resource center in every SDMC zone for the welfare of Children With Special Needs (CWSN) was announced by Oberoi. There will also be an increase in the Boys' Fund which is an amount handed over to the principals for taking care of the smaller expenses of the students. The Boys' Fund was previously Rs 40 per year, which will now be Rs 100 per year. A memorandum of understanding (MoU) has been signed by the SDMC and the Indian Solar Energy Corporation for the installation of 10 KW solar rooftop plants in their buildings. Image Source

Next Story
Real Estate

Colliers India Transacts 207,000 sq ft office space at Embassy TechVillage

Embassy Office Parks REIT, India’s first listed REIT and the largest office REIT in Asia by area, announced that it has signed an Agreement to Lease (‘ATL’) with global cyber security company Rubrik at Embassy TechVillage in Bengaluru.Colliers, a leading global diversified professional services company, specialising in commercial real estate services, engineering consultancy and investment management facilitated the transaction for Rubrik.Located on Bengaluru’s Outer Ring Road, Embassy TechVillage is one of Embassy REIT’s flagship office parks which offers world-class office spaces, ..

Next Story
Infrastructure Urban

Ensemble Infrastructure India Appoints Suman Saha as Director of Design

Ensemble Infrastructure India Ltd, a leading workplace design and build fit-out company, has appointed Suman Saha as its new Director of Design. With 25 years of experience in the industry, Suman is recognized for his innovative approach and excellence in design leadership.Working closely with the CEO, Suman’s appointment will enhance the company’s design communication across multiple touchpoints, ensuring smooth collaboration between clients, designers, and execution teams for superior project outcomes. Under his guidance, Ensemble will focus on creating workspaces and design labs that em..

Next Story
Products

Ribbon Vanity by Küche7: Fluid Design Meets Everyday Elegance

Küche7, pioneers in luxury stainless steel kitchens, have unveiled the Ribbon Vanity, a graceful creation that transforms bathroom spaces with its soft, flowing design and understated sophistication. Inspired by the fluid form of a ribbon, this vanity combines smooth finishes, clean lines, and gentle curves, offering a timeless aesthetic that seamlessly complements diverse interior styles.Available in a refined blush pink hue, the Ribbon Vanity effortlessly merges functionality with elegance. With thoughtfully designed storage options, it ensures that bathroom essentials are neatly organised ..

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