Richest municipal corporations in India Our cities with crumbling infrastructure may mirror a sorry state of affairs. But did you know that some of our municipal corporations are the richest in Asia? Don’t believe it? Just flip through our slideshow to fi

Also known as the Municipal Corporation of Greater Mumbai, it is considered the richest in Asia. Over the years it has accumulated a massive Rs.75, 538 crores in reserves. Biggest contributors to it have been taxes – GST (before the implementation of GST it raked in the moolah from “octroi”) and property tax.

Posted: 2019-10-13 20:59:00

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