The New Delhi Municipal Council has registered a record revenue collection of Rs3,408.29 crore surpassing the target for the financial year 2015-16 by Rs122 crore. NMDC exercises civic jurisdiction over an area that is home to some of the richest people in the city.
It has also posted the highest collection in property tax in five years, with an increase of 20 per cent over its haul previous year. For year, 2015-2016, the council had collected Rs3,286.89 crore.
“In property tax, there is a collection of Rs444 crore, with an increase of 20 per cent against the collection of Rs370 crore in 2014-15,” NDMC said in a statement.