The Brihanmumbai Municipal Corporation (BMC) has decided to give a five percent rebate on property tax to societies, which implement rain water harvesting and vermiculture projects in their premises.

In order to give a boost to rainwater harvesting (RWH), the Brihanmumbai Municipal Corporation (BMC) plans to give a rebate in property tax as an incentive to buildings and housing societies who set up RWH systems.The BMC proposes to award points to residential buildings that have adopted eco-friendly measures and thereby give an incentive in the form of rebate on property taxes.

"There's already a provision in the new capital Property Tax amendment, that property tax rebate will be awarded to housing societies that go green," said standing committee chairman, Rahul Shewale.The important features considered for buildings and housing societies are rainwater harvesting, grey water recycling plants, solid water management, segregation of organic and non-organic waste, creating manure from waste etc.

Source: http://timesofindia.indiatimes.com/city/mumbai/BMC-to-award-tax-rebate-to-societies-from-having-rain-water-harvesting-and-vermi-composte-plants/articleshow/31185161.cms