NDMC budget: No increase in property tax of VVIP areas

The New Delhi Municipal Council’s (NDMC) budget unveiled today spared the VVIP areas of an increase in property tax, besides having no new major development initiatives. The Rs 2,289.64 crore budget for the NDMC, which covers the Lutyens’ Delhi, proposes revamped power and water supply system, upgradation of markets, sprinkler irrigation system in Shanti Path, 35 new public toilets, CCTV survey of drainage for retrofitting and a flower show. In her speech, NDMC chairperson Archna Arora said the budget for 2012-13 is aimed at asset creation which will be beneficial to NDMC both in terms of civic infrastructure and increasing receipts in the long term. “The pace of infrastructure development

[via India Properties - Real Estate India - Indian Property News Site]