Tuesday, Oct 04, 2022 | Last Update : 08:03 PM IST

  Metros   Mumbai  15 Mar 2018  Small South Mumbai flats may get tax concession

Small South Mumbai flats may get tax concession

THE ASIAN AGE.
Published : Mar 15, 2018, 4:19 am IST
Updated : Mar 15, 2018, 5:56 am IST

Chief minister Devendra Fadnavis spoke on various issues and assured that open spaces in Mumbai will not be compromised.

After delay of one year, the controversial Development Plan (DP) of Mumbai will get nod from the state government this month end.
 After delay of one year, the controversial Development Plan (DP) of Mumbai will get nod from the state government this month end.

Mumbai: The government has agreed to give property tax concessions to flats admeasuring 500-700 sq ft in south Mumbai.  

However, similar concession will not be applicable to other municipal corporations due to financial constrains. There are around 3.6 lakh residents living around the airport who have been demanding relaxation in the funnel zone restrictions to facilitate redevelopment. BJP MLA Ashish Shelar, Parag Alavani and Shiv Sena MLA Sunil Prabhu raised the issue in the house.

Chief minister Devendra  Fadnavis spoke on various issues and assured that open spaces in Mumbai will not be compromised. Replying to a query by Mr Shelar on the property tax concession given to SoBo flats admeasuring 500-700 sq ft, the CM said that he would positively consider the proposal. “The BMC is resourceful and can give concession to the flat owners in the property tax. 

We have given Rs 600 crore this year to the BMC in lieu of abolishing LBT,” the CM added. However, he refused to extend the concession to houses falling in the ambit of other municipal corporations keeping in mind their financial position. After delay of one year, the controversial Development Plan (DP) of Mumbai will get nod from the state government this month end.

Tags: development plan, lbt, ashish shelar, sunil prabhu