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Bombay Parsi Punchayet's annual deficit sliced in nearly half
Updated On: 06 June, 2017 10:07 AM IST | Mumbai | Gaurav Sarkar
<p>Despite opposition from certain quarters over service charge on Punchayet properties, more than 70% of the community has paid the revised fees</p>


BPP chairman Yezdi Desai
At the time of its implementation this February, it could have been argued that the Bombay Parsi Punchayet's (BPP's) decision to hike the service charge for its colonies and baugs was not the best idea; two factions on the Board had been heavily debating the best way to cut costs and reduce the Trust's fiscal deficit - while a majority came from a 'pro-poor pro-housing' approach, the other side wanted to sell off BPP-owned houses for high security deposits to increase revenue.
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