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
Infrastructure Urban

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group’s Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence’s long-term commitment to the Indian market and its support for the Indian Government’s Make in India initiative. The partnership’s current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the “Vulc..

Next Story
Infrastructure Urban

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company’s growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

Next Story
Infrastructure Urban

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association’s industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States’ share of global activity below 15 per cent. Meanwhile, in..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?