Bengaluru Civic Body Shuts Down 830 Commercial Properties
Real Estate

Bengaluru Civic Body Shuts Down 830 Commercial Properties

The Bruhat Bengaluru Mahanagara Palike (BBMP) has sealed 830 non-residential properties with significant pending property tax dues. As reported by the BBMP's Special Commissioner (Revenue) Munish Moudgil, these properties were sealed across eight zones as part of an initiative to tackle tax defaulters. The highest number of properties were sealed in the East Zone, with 231, followed by the West Zone with 226, and the South Zone with 115. In the Mahadevapura and RR Nagar zones, 69 properties were sealed in each, while Bommanahalli recorded 45, and Yelahanka saw 40 properties sealed. The lowest number of actions occurred in Dasarahalli, where 35 properties were sealed. This measure aims to recover the outstanding property taxes owed by defaulters across the city.

BBMP's swift actions across its eight zones have targeted properties with the highest arrears in each area to expedite the collection process. Moudgil mentioned that in all pending cases, measures like sealing properties, attaching assets, and initiating auction sales are being applied to ensure the recovery of dues. Between January 1 and January 9, a total of 830 non-residential properties with substantial tax arrears were sealed. In just the past 24 hours, 182 properties across all zones were locked and sealed. He added that zonal officers have been instructed to take the necessary actions to maximize property tax collection in their respective areas.

The Bruhat Bengaluru Mahanagara Palike (BBMP) has sealed 830 non-residential properties with significant pending property tax dues. As reported by the BBMP's Special Commissioner (Revenue) Munish Moudgil, these properties were sealed across eight zones as part of an initiative to tackle tax defaulters. The highest number of properties were sealed in the East Zone, with 231, followed by the West Zone with 226, and the South Zone with 115. In the Mahadevapura and RR Nagar zones, 69 properties were sealed in each, while Bommanahalli recorded 45, and Yelahanka saw 40 properties sealed. The lowest number of actions occurred in Dasarahalli, where 35 properties were sealed. This measure aims to recover the outstanding property taxes owed by defaulters across the city. BBMP's swift actions across its eight zones have targeted properties with the highest arrears in each area to expedite the collection process. Moudgil mentioned that in all pending cases, measures like sealing properties, attaching assets, and initiating auction sales are being applied to ensure the recovery of dues. Between January 1 and January 9, a total of 830 non-residential properties with substantial tax arrears were sealed. In just the past 24 hours, 182 properties across all zones were locked and sealed. He added that zonal officers have been instructed to take the necessary actions to maximize property tax collection in their respective areas.

Next Story
Real Estate

Smartworld Awards Rs 5.32 Billion Contract to Varindera Constructions

Smartworld, one of the fastest growing real estate players in Gurugram, has committed contracts worth approximately Rs 14 billion for its various projects in just six months.For its upcoming iconic project, Smartworld Sky Arc, the company has awarded the construction mandate to Varindera Constructions Limited for Rs 5.32 billion. The project spans 6.9 acre and includes over 900 units in its first phase. Smartworld's total investment in the development of Sky Arc is approximately Rs 17 billion.The company was in the news recently when they awarded Ahluwalia Contracts (India), the mandate for Sm..

Next Story
Infrastructure Urban

Mitsubishi Electric eyes CAPEX investment in India’s CNC market

Mitsubishi Electric is looking to invest in CAPEX in India. Masaya Takeda, General Manager of CNC Systems, noted that the division has tripled its business growth since 2019 and has subsequently made strong investments in India. However, he denied disclosing any details of investment.The machine tools industry in India is growing at an annual rate of 20 per cent, with the CNC market expanding significantly, particularly post-Covid.While automotive manufacturing remains a key growth driver, Takeda expects a steady increase in demand across industries such as general engineering, automotive, and..

Next Story
Real Estate

Essentia Home Opens Second Delhi Store

After the overwhelming success of its flagship store in Gurugram, Essentia Home is set to make a striking debut in New Delhi. Founders Hardesh and Monica Chawla, the creative visionaries behind Essentia Environments, proudly unveil their second store on MG Road in the Delhi Design District. A seamless extension of their 25-year journey in redefining luxury interiors, this new space offers a curated experience of contemporary living infused with a global sensibility – all crafted in India.Spearheading this new chapter is Hridik Chawla, who leads the Essentia Home Experience Center with a comm..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?