Power to levy development charges

The City Corporation may levy such development charge as may be determined by bye-laws, from time to time as specified:-

1. (a) on any residential building with a height of more than fourteen meters, or any non-residential building, having regard to its location along a particular category of street, its use characteristics and sanctioned built up area; and
2. (b) for development or redevelopment of any existing area, in accordance with any development plan.