Bengaluru Expects Rs 45 billion property tax collection boost

09 Jan 2024 CW Team

The civic body in Bengaluru expresses confidence in achieving a substantial property tax collection of Rs 45 billion. Anticipating a significant boost in revenue, the civic authorities are optimistic about meeting their financial targets through effective property tax management.

The confidence stems from a strategic approach to streamline property tax collection processes and leverage technological solutions for efficient administration. Bengaluru's civic body aims to harness these measures to ensure a seamless and transparent system, ultimately leading to a substantial increase in property tax collection.

The projected Rs 45 billion collection is crucial for funding essential civic services and infrastructure projects. As Bengaluru continues to grow, the civic body's proactive measures in revenue generation play a vital role in sustaining urban development and meeting the evolving needs of the city's residents.

The optimism surrounding the property tax mop-up reflects a commitment to financial stability and effective governance. Bengaluru's civic authorities are poised to leverage modern tools and strategies to not only meet but potentially surpass their revenue targets, contributing to the city's overall growth and development.

Real Estate

02 Jun 2026

Dash Square Adds Ashley Study Furniture

Dash Square has expanded its furniture portfolio with a curated study furniture collection from Ashley Furniture Homestore. The range is designed for contemporary homes where work, study and creative activities increasingly require dedicated and well-planned spaces.The collection includes writing desks, executive workstations, storage-led study units and display shelving. It combines practicality, comfort and design to create workspaces that are functional as well as visually appealing.One setting features a light-toned desk with coordinated bookcases and storage cabinets, creating a bright an..

Suraj Estate Arm Acquires Mahim Land Rights

Suraj Estate Developers, through its wholly owned subsidiary Iconic Property Developers, has signed an MoU to acquire development rights for a land parcel in Mahim (West), Mumbai, for Rs 75 crore. The plot measures around 2,941 sq m and is located next to the company’s ongoing commercial project, Suraj One Business Bay.After amalgamation with the existing commercial development, the land is expected to generate additional saleable carpet area of around 1.50 lakh sq ft, with an estimated gross development value of Rs 800 crore. The project is expected to strengthen the company’s near-to-med..

AGNI Launches Industry Benchmarking Drive

The Association of Global NICMARians (AGNI), the alumni body of NICMAR, hosted ASPIRE 2026 in Mumbai under the theme ‘Innovation to Transformation’. The symposium brought together professionals from construction, infrastructure, real estate and project management to discuss technology, AI, sustainability and data-led decision-making.At the event, AGNI announced its vision to emerge as an industry think tank and launched initiatives including an Industry Benchmarking Programme. It also proposed a digital ecosystem with tools for innovation impact assessment, salary benchmarking, company ben..