{"id":22176,"date":"2013-08-05T11:25:49","date_gmt":"2013-08-05T05:55:49","guid":{"rendered":"http:\/\/www.bharatestates.com\/blog\/?p=22176"},"modified":"2020-06-15T03:49:56","modified_gmt":"2020-06-14T22:19:56","slug":"22176-what-is-infrastructure-betterment-tax","status":"publish","type":"post","link":"https:\/\/www.bharatestates.com\/blog\/22176-what-is-infrastructure-betterment-tax\/","title":{"rendered":"What is Infrastructure Betterment Tax?"},"content":{"rendered":"

\"monorail\"Mumbai<\/strong>: Citizens of Mumbai who live in proximity with the upcoming transport infrastructure projects are likely to encounter a new category of tax i.e. infrastructure betterment tax. Mumbai Metropolitan Region Development Authority (MMRDA) had proposed the new tax in the year 2012 as a move to boost the capital for infra development. The Chief Minister of the state agreed to the proposal, however the government is yet to take a legible decision.Guess who’s against it? The real estate sector informed the state government that the timing couldn’t be worse to introduce the new tax. As the sector is already experiencing slowdown, an extra tax would be a bludgeoning step. According to the civic body’s estimate, around 80,000 crore is required tor the execution of new projects including mono rail, metro rail, freeways, sea links, coastal roads and elevated corridors. Betterment tax is levied in Singapore and few European countries and if same is implied in India, infrastructure development will get a sort of support, as said by MMRDA.The builders have raised their voice against the proposal and asked the government to reconsider it. If the tax is made effective, the citizens will be burdened with taxes and the new buyers might have to bear the increased property prices.\u0437\u0430\u0439\u043c \u043d\u0430 \u043a\u0430\u0440\u0442\u0443 \u0431\u0435\u0437 \u043e\u0442\u043a\u0430\u0437\u043e\u0432 \u043a\u0440\u0443\u0433\u043b\u043e\u0441\u0443\u0442\u043e\u0447\u043d\u043e<\/a>\u0432\u0437\u044f\u0442\u044c \u043a\u0440\u0435\u0434\u0438\u0442 \u043e\u043d\u043b\u0430\u0439\u043d<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Mumbai: Citizens of Mumbai who live in proximity with the upcoming transport infrastructure projects are likely to encounter a new category of tax i.e. infrastructure betterment tax. Mumbai Metropolitan Region Development Authority (MMRDA) had proposed the new tax in the year 2012 as a move to boost the capital for infra development. The Chief Minister […]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-22176","post","type-post","status-publish","format-standard","hentry","category-realty-news"],"blocksy_meta":[],"yoast_head":"\nWhat is Infrastructure Betterment Tax? -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bharatestates.com\/blog\/22176-what-is-infrastructure-betterment-tax\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is Infrastructure Betterment Tax? -\" \/>\n<meta property=\"og:description\" content=\"Mumbai: Citizens of Mumbai who live in proximity with the upcoming transport infrastructure projects are likely to encounter a new category of tax i.e. infrastructure betterment tax. Mumbai Metropolitan Region Development Authority (MMRDA) had proposed the new tax in the year 2012 as a move to boost the capital for infra development. 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Testing new waters have always been a part of her writing expeditions. Writing becomes more enjoyable when you become one with it; this keeps her glued to capturing \u2018Whats New and In-Vogue\u2019. The author thoroughly adores writing on real estate which opens up fascinating avenues of research and analysis with creativity at play!\",\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/gayatri.subramanian\",\"https:\\\/\\\/x.com\\\/gayatris2106\"],\"url\":\"https:\\\/\\\/www.bharatestates.com\\\/blog\\\/author\\\/gayatri-s\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What is Infrastructure Betterment Tax? -","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.bharatestates.com\/blog\/22176-what-is-infrastructure-betterment-tax\/","og_locale":"en_US","og_type":"article","og_title":"What is Infrastructure Betterment Tax? -","og_description":"Mumbai: Citizens of Mumbai who live in proximity with the upcoming transport infrastructure projects are likely to encounter a new category of tax i.e. infrastructure betterment tax. 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