CBDT plans to buy land in Delhi, Bengaluru, and Mumbai
The Central Board of Direct Taxes (CBDT) is looking to buy land in major cities, such as Delhi, Mumbai, and Bengaluru. CBDT is to invest over Rs 5,000 crore in land purchases as it looks to develop new income-tax offices and staff quarters.
According to the updates, it has identified an MTNL plot in Connaught Place, New Delhi, valued at about Rs 2,000 crore for a new office. CBDT is also eyeing land parcels in Santa Cruz and Powai in Mumbai and in Bengaluru for both offices and staff housing. In Mumbai, the plan is to develop residential facilities for about 1,000 officers.
Also Read: Puravankara signs JDA for 12.76 acres of land in Bengaluru