Thanks to Pune Municipal Corporation for offering incentives to the builders!Under the eco-housing certification scheme launched by the PMC in 2005, seven projects (for example: Darode Jog's Crossover County on Sinhagad Road, Pune) have been awarded the certification (project rating) and a dozen projects are in the process of evaluation.
The PMC offers a concession of 10-50% on the premium (a charge the civic body recovers from builders while approving their building plans) depending on the project rating. Twenty-five per cent of the rebate will be given when the building proposal is approved and the remaining after completion of the project. Moreover, under the scheme, there is a reduction of 10% in property tax. (For example: Magarpatta City at Hadapsar, Pune)
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