[INDIAN REAL ESTATE NEWS] Good morning, everyone. I’m Kim suhyeon staff of Kamagroup Pvt. Ltd.
Here I have an important Indian real estate news to share with you which is as undermentioned.|
NEW DELHI: South Delhi Municipal Corporation’s house on Monday approved the preliminary recommendations of the 4th Municipal Valuation Committee (MVC) which if accepted will lead to a hike of “at least 33%” in property tax.
Mayor Narendra Chawla said the report will now be put in public domain for the next 30 days. The house will consider the feedback and suggestions and sent the final report to the lieutenant-governor “The biggest changes have been proposed in unit area values and use factor. The age factor, occupancy and structure factors have remained unchanged,” an official explained.
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