Ghaziabad increases development charges | india | Hindustan Times
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Ghaziabad increases development charges

india Updated: Sep 09, 2011 23:10 IST
Hindustan Times
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The Ghaziabad Development Authority (GDA) has announced a hike in development charges, to be effective from September 1. The charge will be levied on passing of map layouts of housing projects.

Speaking to HT, GDA vice-chairman Narendra Chaudhary said the increase has come after a gap of four years.

"We had intended to use the additional revenue to fund the second phase of Metro rail extension in the city. But we have proposed a joint funding by different departments as an alternative to fund the Metro project," Chaudhary said.

The increase is expected to generate an additional revenue of R40-R45 crore per year for the authority.