betterment tax on properties

Mumbaikars likely to be imposed Infra betterment tax
A betterment tax is likely to be imposed on Mumbai residents living in close vicinity to the transport infrastructure projects that are coming up. This cess was proposed in 2012 by the Mumbai Metropolitan Region Develoment Authority (MMRDA) as well as the planning and nodal agent, to part-finance the capital expenditure associated with such projects. […]