Delhi: No increase in property tax of VVIP areas

Last Updated: Friday, January 13, 2012 - 16:47

New Delhi: The New Delhi Municipal Council`s
(NDMC) budget unveiled on Friday 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 was very high and
creation of capital assets was large in numbers during the
last three years. Now is the time to maintain these assets
with increased levels of quality bench marks using latest
technology as per international standards," she said.

Outlining its revenue proposals, Arora said, the budget
"propose no increase in property tax rates in the next year"
and the civic body plans to collect Rs 259.98 crore as
property tax in the next fiscal.

The civic body also plans to collect Rs 268.89 crore as
licence fee, Rs 702.53 crore from power supply and Rs 113.60
crore from water supply.

Later, Arora told reporters that a detailed roadmap for
revamp of electrical system has been prepared and that the
NDMC has no plans to recommend hike in water or power tariffs.

The NDMC is also working towards ensuring uninterrupted
water supply in the next 5-8 years, she said.

PTI

First Published: Friday, January 13, 2012 - 16:47

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