Ghaziabad increases development charges

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. HT reports.

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.

HT Image

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.