Hi all...i will tell you the reason..The Urban Development Department is supporting the implementation of transit oriented development in cities which will act as a model of revenue generation.This component will be made compulsory for new Metro projects.
Hi..It is believed that high tax imposed on properties along metro line will keep the metro projects financially viable. It will also support the centre to repay the loans taken from international agencies.
Hi Ashish... yes it may increase...the growing prices of properties along metro lines are now being targeted by the central government to earn more revenue.