BMRDA approved layouts could get costlier

Property developers to pass on the new levies to buyers.

Bengaluru: Buying a site in BMRDA or BDA approved layouts could get costlier with the urban development department considering levying four different kinds of cess and a lake rejuvenation fee for property developers here.

The four cess, for drinking water, ring road, mass transportation and slum development, have been approved by the BDA and BMRDA and sent to the urban development department for clearance. The levy of these cess on the developers will have a trickling down effect as they will pass on the cost to site buyers, according to sources. But the government may have no choice but to levy them due to the mushrooming of such private layouts, they say.

Both the Bengaluru Development Authority ( BDA) and the Bengaluru Metropolitan Region Development Authority (BMRDA) have been finding it difficult to provide civic amenities like water and road to these layouts and the government too has a hard job providing them connectivity. While it spends crores on providing amenities, the private developers make huge bucks by selling the sites. So it has now decided to charge them for its services, sources explain.

The four kinds of cess could come into play in Hosakote, Kanakapura, Magadi, Tumakur, Ramanagara, Channapattana, in areas under the Bengaluru International Airport Area Planning Authority and Nandi Infrastructure Corridor Area Planning Authority. The cess will be 0.5 per cent of the guidance value of the land, sources reveal.

( Source : Deccan Chronicle. )
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