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Mumbai hotels decry BMC's paltry ready reckoner payments

Hoteliers demand that the civic body waive off other charges such as property tax, GST to compensate for loss

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(Clockwise from left) Indie Stays at Kalina; dorms and rooms offered by Indie Stays

(Clockwise from left) Indie Stays at Kalina; dorms and rooms offered by Indie Stays

Hotel associations have raised their concerns about the civic body using ready reckoner rates for calculating the rates of rooms where COVID-19 warriors and quarantined citizens are being accommodated.

Property lawyers, too, have pointed out that the practice is wrong as only the cost of land is considered for calculating rates as per Stamp Duty Ready Reckoner Rate (SDRR), without considering the construction cost, ambience and other services.

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