The Hindu         08.12.2011

Steep hike in parking, property tax rates proposed

Presenting the budget estimates for the upcoming financial year, Municipal Corporation of Delhi Commissioner K.S. Mehra on Wednesday proposed a steep hike in parking and property tax rates and also introduced new charges like congestion and conservancy charges aiming to collect Rs.520 crore as additional revenue.

The newly-introduced congestion charges for the commercial areas in City, Karol Bagh and Paharganj zones of the civic body would be collected on certain roads which will be soon notified. “Residents and property owners of these areas will be exempted and given passes. Charges would be applicable to those who bring their vehicles into these areas from 8 a.m. to 9 p.m.,” said Mr. Mehra.