Patna's 15% ARV hike after 30 years isn't just about revenue; it's a blueprint

Patna's 15% ARV hike after 30 years isn't just about revenue; it's a blueprint. Many urban local bodies are fiscally stretched, and property tax reform is their most direct lever.

Expect similar revisions across India. This means higher operating costs for businesses and homeowners, but also potential for improved urban infrastructure. Strategic planning for real estate portfolios must account for this.

https://realty.economictimes.indiatimes.com/news/regulatory/patna-civic-bodys-tax-collections-rise-after-first-arv-revision/132008840