Pune Metro funding: State govt puts PMC in a fix over doubling devp charges with retrospective effect
A state government communication stating that development charges on new constructions can be doubled to raise funds for transport projects only after it notifies it as a ‘Vital Urban Transport Project’ has put the Pune Municipal Corporation (PMC) in a fix. The civic body has already doubled the development charges to raise funds for various mass transit systems after the government amended the Maharashtra Regional Town Planning (MRTP) Act in 2015. The latest government communication means that now the PMC has to refund developers.
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Source : The Indian Express
