Nashik Municipal Corporation triples development charges to Rs 350 per sq m starting April 2025, marking the first hike in 15 years, aiming to fund infrastructure projects and Kumbh Mela 2026-27 while developers anticipate rising housing costs.
Apartment buyers face additional burden with service tax on under-construction residential projects, developers demand buyers to pay.
The Pune Municipal Corporation has announced a 50% reduction in premium charges for small housing units under 50 square meters.