India, April 19 -- On Friday, hundreds of organisations representing residents, housing societies and business communities came together to demand abolition of transfer charges levied by the City and Industrial Development Corporation (CIDCO) on sale of properties in Navi Mumbai. They plan to hold meetings, seek support of political leaders and pursue legal options.

The move comes following an announcement by CIDCO in March, notifying a hike of 5-10% in transfer charges, effective from April 1. Letters have been submitted to CIDCO and the government demanding abolition of charges.

CIDCO, which leases land instead of outright sale, has been demanding transfer charges on every property sold in the city, whether residential or commercial. ...