Rs , sq ft

Removed from Shortlist

My Shortlist ()
Keep track of your shortlisted properties here. Shortlist a property to get started.

Narmada Tax criticised in Bhopal

Comments(2) Sub Category:Municipality,Other cities Posted On: Sep 07, 2012

The Madhya Pradesh state government‘s decision to levy Narmada tax has come under fire from various builders and property owners.

The property owners are to pay tax prior to getting building permission for any construction is bound to put an additional burden on those constructing new house, as well as on those who had bought houses after 2008 in Bhopal.

Many citizens have raised questions regarding the criterion of charging Narmada tax as to why only ones who have built houses after 2008 should bear the burden. The Confederation of Real Estate Developers’ Associations of India (CREDAI) is said to soon challenge it in court.

The Narmada tax was first introduced in 2008 after it was passed in the Bhopal Municipal Corporation‘s (BMC) general council meet. However, as soon as the corporation started charging this additional tax it was challenged in the court and consent of the state government was made compulsory.

The corporation expects to collect around Rs 20 crore from the ones who have been issued building permission from 2008 onwards.

To read more real estate news:

BBMP starts drive to collect property tax dues

2 Responses to “Narmada Tax criticised in Bhopal”

Leave a Reply



CommonFloor Property Search Mobile App now available on Android, iOS and Windows!