New Delhi: The BJP-led Municipal Corporation of Delhi is all set to revise its property tax rates for many commercial areas.

MCD’s third Assessment Committee has decided to bring commercial properties from G-category to B-category.

It has also proposed to bring five-star hotels, gyms and malls under A-category.

The recommendations by the committee will be discussed in the MCD’s Standing Committee.

Till now, these properties were paying property tax as per the category of the area in which they were located.

The civic agency has formed 8 categories from A-H to collect property taxes.

Mentioning the Master Plan-2021, the committee proposed to bring industrial areas under B-category. It has also recommended bringing small industrial units under Category-C.

JPN/Bureau