Ahmedabad extends deadline for unused property tax
Real Estate

Ahmedabad extends deadline for unused property tax

The Ahmedabad Municipal Corporation's revenue committee has decided to relax the rules for applying for tax benefits on unused properties. Previously, property owners had a narrow window of April 1-7 to apply for this benefit. However, the period for applying has now been extended until May 31. To qualify for this tax benefit, residential property owners must have electricity usage of less than 30 units over two months, while commercial property owners must have less than 50 units.

Jainik Vakil, the committee chairman, noted that the previous application period caused a large number of applications to be classified as 'pending' because it fell at the start of the financial year. By extending the deadline, the municipality aims to reduce the backlog of pending applications by approximately 25,000 each year. Nevertheless, property owners without electricity connections are still required to apply during the April 1-7 period.

The Ahmedabad Municipal Corporation's revenue committee has decided to relax the rules for applying for tax benefits on unused properties. Previously, property owners had a narrow window of April 1-7 to apply for this benefit. However, the period for applying has now been extended until May 31. To qualify for this tax benefit, residential property owners must have electricity usage of less than 30 units over two months, while commercial property owners must have less than 50 units. Jainik Vakil, the committee chairman, noted that the previous application period caused a large number of applications to be classified as 'pending' because it fell at the start of the financial year. By extending the deadline, the municipality aims to reduce the backlog of pending applications by approximately 25,000 each year. Nevertheless, property owners without electricity connections are still required to apply during the April 1-7 period.

Next Story
Infrastructure Urban

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Next Story
Infrastructure Transport

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Next Story
Infrastructure Urban

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

-->