MMRDA has proposed a transit-oriented development charge on new residential and commercial buildings within 200 metres of the Gundavali-Dahisar East Metro 7 line. The MMRDA has yet to decide on the fee amount, but if approved, it could be replicated in other mass transit projects, potentially raising INR100bn for the MMRDA
Developers say they will not pay more money in addition to the charges they are already paying to the government. All these years, it’s the developers who have been raking in money from their projects built around the government infrastructure. Now, in a role reversal, the state wants a piece of this profit. However, developers said they will not fork out more money in addition to the charges they are already paying to the government
https://www.hindustantimes.com/cities/mumbai-news/mumbai-government-proposes-tod-charge-on-new-buildings-near-metro-line-developers-push-back-against-additional-charges-101685560878553.html
Source: Hindustan Times
