MCD integrates factory licence with property tax portal

16 Sep 2025 CW Team

The Municipal Corporation of Delhi (MCD) on Wednesday announced the integration of the Factory Licence Fee Module with the Property Tax Portal. The initiative is designed to simplify the process of issuing factory licences, eliminating the need for industrial units in designated areas to obtain separate approvals.

Mayor Sardar Raja Iqbal Singh said, “The integration of factory license and property tax will not only provide relief to entrepreneurs but will also be a historic move towards ending the ‘Inspector Raj’. Entrepreneurs will now benefit from a simple, transparent, and time-bound process, giving new momentum to Delhi’s industrial development.”

Echoing this, Standing Committee Chairperson Satya Sharma noted, “Now industries will no longer have to go through separate procedures and inspections for licences. A single portal will increase transparency, provide convenience, and save time. The Corporation’s aim is to offer a simple and reliable environment to the industrial sector.”

Previously, separate applications and fees had to be submitted on different platforms for factory licences and property tax. Under the new system, both functions are integrated. The factory licence fee, set at 5% of the annual property tax, will be payable on the same portal. Once the payment is made, a deemed factory licence will be automatically generated, removing the need for additional inspections.

Units in redevelopment or confirming areas will be recognised based on an MSME Registration Certificate or allotment/lease letter issued by GNCTD or DSIIDC. With around 30,000 active licences currently in operation, MCD expects the integrated system to improve compliance while boosting revenue.

News source: The New Indian Express

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..