North MCD rolls back recommendations of valuation panel

NEW DELHI: The North Delhi Municipal Corporation on Thursday rolled back its decision to implement the recommendations of the third Municipal Valuation Committee

NEW DELHI: The North Delhi Municipal Corporation on Thursday rolled back its decision to implement the recommendations of the third Municipal Valuation Committee (MVC).

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Corporation leaders said that the decision was taken after its repercussions came to light.

“The corporation had decided to implement the MVC recommendations in parts and only on commercial areas, however when it came to light that it can’t be implemented in parts, we have decided to roll back our decision,” Rajesh Bhatia, deputy chairman Standing committee, North Delhi Municipal Corporation.

North civic body had implemented the recommendations of the MVC, which would have led to shift in property categorisation of all commercial and industrial areas under its jurisdiction.