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BMC gained right to charge levy on leased plot transfer

Friday, July 27th, 2012 No Comments »

BMC gained right to charge levy on leased plot transfer
Taking an initiative; the Bombay Municipal Corporation (BMC) gained the right to levy a premium on transfer of its leasehold plots. The state legislative assembly approved a bill to modify the Mumbai Municipal Corporation (MMC) Act. The step is considered important that will impact redevelopment of over 41,000 properties in Mumbai. The bill provides levy [...] Continue Reading »



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