indianexpress.com-CIDCO hikes property transfer fees in Navi Mumbai
The City and Industrial Development Corporation (CIDCO) announced an increase in property transfer fees across Navi Mumbai by 5 to 10 per cent, depending on the size and type of the property. The revised charges came into effect from Tuesday. Moreover, flats in registered housing societies and commercial shops will face a 50 per cent hike in transfer fees.
“The decision was finalised during CIDCO’s recent board meeting, with the new rates applicable for the current financial year,” said a CIDCO official.
According to the official, the revision aligns with market dynamics and ongoing infrastructure development in the region.
