If you thought it was a good idea to get a dwelling next to one of the city’s upcoming urban transport projects, then beware, since the government has eyes on your wallet. While you’ll perhaps applaud your foresight once the Metro and Monorail projects become operational, you’ll also be travelling lighter, after having paid a ‘development charge’ to authorities. As per a proposal pitched by MMRDA officials to the government, all those buying a new residential or commercial construction, a resold property, or a redeveloped structure – provided the unit is close to any of these projects – might have to pay this one-time tariff, apart from the annual property tax.

Full swing ahead: MMRDA officials claim the proposed Monorail and Metro projects, along with some other transport-related ventures, will lead to expenditure of about Rs 70,000 crore in the next 10 years. File pic