Gurgaon residents to pay for Metro
Haryana and Uttar Pradesh are set to impose a ?Metro cess? to fund the extension of Delhi's Metro rail into Gurgaon and Ghaziabad respectively, report Sanjeev K Ahuja and Atul Mathur.india Updated: Dec 20, 2006 02:25 IST
Haryana and Uttar Pradesh are set to impose a ‘Metro cess’ to fund the extension of Delhi's Metro rail into Gurgaon and Ghaziabad respectively.
The Haryana government will levy a tax on property developers to raise the Rs 680 crore required for Gurgaon's Metro rail. "We have decided to levy a Metro cess on the developers in Gurgaon," said SS Dhillon, director, town and country planning, in the Haryana government. It will be part of the external development charges to be announced in January, and will apply to builders of all kinds of properties.
"This will inflate the cost of properties in Gurgaon as the consumer will have to bear some of the cost," said NK Sehgal, president, Ansal Properties Limited.
The Ghaziabad Development Authority (GDA) board will consider the proposal to impose a Metro tax on Wednesday. The final approval will have to come from the state government. The cost of connecting Ghaziabad by Metro rail with Noida and Delhi will be about Rs 3,300 crore.
The GDA too is planning to impose the cess on all future housing projects in the upcoming 'Hi-Tech City' and 'Integrated City'. But it does not plan to tax residents of Vaishali, Kaushambi and other existing residential colonies. 'These areas have already been developed,” said a GDA official. "Raising funds by taxing already sold properties will be a difficult proposition.'
First Published: Dec 20, 2006 02:25 IST