Bengaluru Property Tax Settlement Scheme
Real Estate

Bengaluru Property Tax Settlement Scheme

The Karnataka government has announced a one-time settlement scheme for property tax defaulters in Bengaluru, effective until July 31. The scheme, declared by Karnataka Deputy Chief Minister D.K. Shivakumar, aims to encourage property owners to clear their dues without incurring additional penalties. This initiative is designed to provide relief to taxpayers while also boosting the state's revenue collection.

Under this scheme, property owners who have pending tax liabilities can settle their dues by paying the principal amount, with the government waiving off any interest and penalties accrued over the years. This move is expected to benefit a large number of property owners in Bengaluru, who have been burdened by accumulated interest and penalties on their overdue taxes.

The Deputy Chief Minister highlighted that the one-time settlement scheme is part of a broader effort to streamline and improve the property tax collection system in the city. The government is also working on enhancing the efficiency and transparency of the tax collection process, making it easier for property owners to comply with their tax obligations in the future.

The announcement of the scheme has been met with positive reactions from property owners and real estate stakeholders, who see it as a welcome relief during challenging economic times. It also aligns with the government's objective to increase compliance and reduce the backlog of unpaid taxes.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

The Karnataka government has announced a one-time settlement scheme for property tax defaulters in Bengaluru, effective until July 31. The scheme, declared by Karnataka Deputy Chief Minister D.K. Shivakumar, aims to encourage property owners to clear their dues without incurring additional penalties. This initiative is designed to provide relief to taxpayers while also boosting the state's revenue collection. Under this scheme, property owners who have pending tax liabilities can settle their dues by paying the principal amount, with the government waiving off any interest and penalties accrued over the years. This move is expected to benefit a large number of property owners in Bengaluru, who have been burdened by accumulated interest and penalties on their overdue taxes. The Deputy Chief Minister highlighted that the one-time settlement scheme is part of a broader effort to streamline and improve the property tax collection system in the city. The government is also working on enhancing the efficiency and transparency of the tax collection process, making it easier for property owners to comply with their tax obligations in the future. The announcement of the scheme has been met with positive reactions from property owners and real estate stakeholders, who see it as a welcome relief during challenging economic times. It also aligns with the government's objective to increase compliance and reduce the backlog of unpaid taxes.

Next Story
Infrastructure Urban

DRDO Transfers Key Defence Materials Tech to Industry

The Defence Metallurgical Research Laboratory (DMRL) of DRDO in Hyderabad has transferred three advanced indigenous materials technologies to leading Indian industry partners, marking a major step towards self-reliance in strategic defence manufacturing. The Licensing Agreement for Transfer of Technology (LAToT) documents were handed over by Dr Samir V Kamat, Secretary of Defence R&D and Chairman of DRDO, at a ceremony held at DMRL on 30 August 2025.The transferred technologies include:High-Strength Radomes: Transferred to BHEL, Jagdishpur, this technology enables the manufacture of high-p..

Next Story
Infrastructure Energy

Coal Ministry Honours Top Mines for Safety and Sustainability

The Ministry of Coal hosted the Star Rating Award Ceremony in Mumbai to recognise outstanding coal and lignite mines for their achievements in safety, environmental responsibility, scientific operations, and community welfare. Union Minister of Coal and Mines Shri G. Kishan Reddy, accompanied by Minister of State Shri Satish Chandra Dubey and Secretary Shri Vikram Dev Dutt, presented the accolades.The awards celebrate mines that have demonstrated excellence across key parameters such as safety, productivity, scientific mining, environmental stewardship, and socio-economic impact. The Minister ..

Next Story
Infrastructure Urban

Modi Highlights Decade of Bold Economic Reforms

Prime Minister Shri Narendra Modi reaffirmed the government’s steadfast commitment to economic reforms over the past decade, highlighting transformative measures that have redefined India’s fiscal structure and enhanced its global economic position.Citing major initiatives such as corporate tax cuts to encourage investment, the implementation of the Goods and Services Tax (GST) to unify the national market, and reforms in personal income tax to improve Ease of Living, Modi emphasised that the reform agenda has consistently been citizen-focused and pro-growth.He welcomed the ongoing #NextGe..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?