Infrastructure is the key to growth for real estate and the cornerstone of infrastructure is roads. The importance of roads to human being is vouchsafed by how long they have been around. The oldest paved road in recorded history was made sometime between 2600-2200 BC in Egypt; but it was the Roman Empire which brought out the fullest potential of roads traversable by wheeled, horse-powered carriages.
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A citizen group, has opposed the said hike in property tax for properties in Pune. However, the municipal commissioner wants the hike to be implemented which can be done by pushing up the general tax structure which is also a part of the property tax.The civic authorities have to say that since there has been no rise in civic taxes for the last three years, it is high time to propose a hike.