GHMC Launches Drive To Boost Property Tax Revenue
The initial phase of the drive focuses on shopping malls across Hyderabad, with over 300 such establishments identified in the twin cities. After the mall inspections, GHMC will extend the verification process to other non-residential properties, including hospitals, star hotels, factories, educational institutions, gyms, petrol stations, multiplexes, cinemas, marriage halls, banks, shops, warehouses, cellular towers, offices, shopping complexes, ATMs, bars, restaurants, and hostels.
Through this reassessment and subsequent revision, GHMC aims to generate an additional Rs 1 billion annually.
According to officials, zonal commissioners from all six GHMC zones have assigned daily verification targets to each Deputy Municipal Commissioner (DMC) based on the number of malls within their respective circles.
DMCs are required to physically inspect each property, verify that property tax and trade licence fees comply with regulations, and initiate immediate revisions in cases of discrepancies.
The corporation expects that this systematic reassessment will not only increase annual revenue but also improve compliance and transparency within Hyderabad’s commercial property sector.