Industry

Ahmedabad: AUDA approves hike in development fee for new projects

AHMEDABAD: Properties are set to get costlier with the Ahmedabad Urban Development Authority (Auda) approving a proposal to hike development charges for new projects in the city. The proposal got the nod at its board meeting on Tuesday, paving the way for a 10-20-fold increase in the charges, which will directly impact the cost of residential, commercial, and other properties. Besides areas under Auda’s jurisdiction, the new rates — on getting the state govt’s green signal — will also apply in Ahmedabad Municipal Corporation (AMC) limits. Development charges are levied based on the area of land and construction when a…