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Home > Forum > Mumbai > Property Tax > Property tax near metro line

Property tax near metro line

Q: Hi..i heard that property tax near metro line is increasing. Please give me details.

property tax in mumbai
property tax near metro
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Replies (5)
1
Hey Rajiv..what is transit oriented system..?? i heard a lot about. Please explain me the term.
Abhilasha


2
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.
Rajiv


3
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.
Neeraj Rao


4
Hi..what is the reason behind increasing tax on properties near metro lines..??
Ashish Sharma


5
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.
Neeraj Rao


6

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