Value Capture Finance: An Innovative Urban Tool
PAGE 20
Land value tax
6
Tax Increment Financing
1
Betterment Levy or Tax
5
Development Charges/Impact Fee*
8
Transfer/Sale of Development Rights or Air Rights
6
Premium on Additional FAR
7
Town Planning Schemes (TPS)
10
Note* every beginner city has the potential to implement the complex tools when its reached the moderate or advanced level, so the above suggestion is decided based upon the present study done and matrix no. (Author 2021)
PROGRESSION LEVEL (STATE BASED SCENARIO Odisha
Maharashtra Rajasthan
Beginner
Advanced
Gujarat
Kerala
Moderate advanced Moderate
Delhi
Tamil nadu
Assam
Punjab
beginner
Moderate
beginner
beginner
Madhya Pradesh Moderate
Andhra Pradesh moderate
Karnataka Moderate
Table 6: State based scenario
INFERENCE: Maharashtra and Gujarat are most developed in case of Value Capturing compared to other states. Betterment levy tax is lowest so the cities of state on which it is applied it Can Serve as a model so a peek into how the states of Maharashtra , Gujarat ,Andhra Pradesh , Karnataka ,and Assam have implemented it. (Author 2021)
End Result: SIMULATION AFTER ANALYSIS OF STATE AND TOOL BASED SCENARIO.
After analysis study of, least two applied tools on matrix which are complex is carried out
And two states which are advanced level are selected to study the tools to understand how it was successful and what can be done by others to implement it and realise full potential.
Questionnaire on the same is prepared based on structure of the tool and what changes or interventions needed ahead for better functioning (smart cities officials and Municipal Corporations within Gujarat are to be targeted to narrow down the scope),
BHUMIKA RAJ UC5316
