NASHIK: The Nashik Municipal Corporation (NMC) earned a record Rs 151 crore through development and premium charges and other town planning (TP) department taxes in just the last two months of December and January.
This is primarily because the realty sector in Nashik has picked up during these two months with builders submitting over 1,000 construction plans to the NMC for approval.
“NMC usually earns Rs 20 crore a month on an average through various taxes from its TP department and it had earned Rs 159 crore during the eight months from April to November. However, it earned Rs 151 crore in just the last two months,” NMC officials said.
NMC got Rs 98.92 crore in December and Rs 52.42 crore in January, totally making for Rs 310 crore in the April to January period of the current financial year.
Ravi Mahajan, president, Confederation of Real Estate Developers Association of India (CREDAI) Nashik, said the simplified unified Development Control and Promotion Regulation (DCPR) introduced by the state around a year back and the 50% concession in premium FSI charges to be paid by December 31 last year gave a boost to the realty sector.
