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No property tax hike in NDMC budget '25
Hindustan Times Gurugram
|December 13, 2024
NEW DELHI: New Delhi Municipal Council (NDMC) chairman Keshav Chandra on Thursday presented budget proposals worth ₹5,307 crore with a surplus of ₹463.4 crore - keeping the property tax rates unchanged for the upcoming financial year 2025-26.
The civic body, overseeing the Lutyens' Delhi area, plans to undertake a series of infrastructure development projects in the coming financial year including development of two skywalks near AIIMS and the Delhi high court, redevelopment of markets at Prithviraj Road and Akbar Bhawan, and upgradation of the water and sewerage network.
Chandra said that the budget has been passed earlier this year as Delhi is likely to witness elections soon and the council did not want any disruption in work due to the model code of conduct. He said that NDMC proposed not to enhance the property tax rates for 2025-26 and it will strengthen its revenue collection.
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