Gurgaon Property Builders to Pay a ‘Metro Cess’

December 20, 2006	(3 votes, average: 3.67 out of 5)  Loading ...
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Now, bringing Delhi’s Metro Rail into Gurgaon and Ghaziabad is going to cost. The Haryana and Uttar Pradesh are considering imposition of a ‘Metro Cess’ to finance several upcoming Metro projects.

The Haryana Government has thought of making its contribution by levying a tax on property developers to raise Rs.680 crore needed for development of Gurgaon’s Metro Rail, says SS Dhillon, director of town and country planning, in the Haryana Government. It would be mandatory for all property builders to pay the tax that will be a part of external development charges.

However, the step can push up the prices of property in Gurgaon as the consumer will have to bear a little portion of the overall cost, says NK Sehgal, president, Ansal Properties Limited.

The Ghaziabad Development Authority (GDA) Board is holding wide range of talks about the issue of levying a Metro tax. The state government will soon come up with final decision. The cost of connecting Ghaziabad by Metro rail with Noida and Delhi will be about Rs 3,300 crore.

The GDA is also considering about imposing the cess on construction of dwelling units in the upcoming “Hi-tech city” and “Integrated City”. But, builders of Vaishali, Kaushambi and other existing residential colonies can breathe a sigh of relief as no tax will be charged from them because these areas have already been developed, says a GDA official.

News Published Under:   Real Estate India, Gurgaon |

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