BMC to waive off around Rs 41 cr property tax for hotels
Real Estate

BMC to waive off around Rs 41 cr property tax for hotels

The Brihanmumbai Municipal Corporation (BMC) has proposed a wellness package for 234 hotels in Mumbai that offered room to quarantine high-risk patients and international passengers during the second wave of the Covid-19 pandemic.

According to the officials, property taxes of about Rs 41.9 crore are to be waived off from February to May.

In 2020, from April to June, BMC waived property taxes of Rs 22 crore for 182 hotels and lodges during the first wave of the Covid-19 pandemic.

BMC has proposed the second wellness package in front of the civic standing committee. As per the package, the health department of BMC will pay Rs 41.9 crore to the property tax department from February to May.

Declining the proposal, Congress said that BMC could not selectively waive off the tax. Slamming BMC for not waiving the tax for structures up to 500 sq ft.

Congress Corporator, Ravi Raja, told the media that the five-star hotels had charged the patients and international passengers for food and stay.

Ravi Raja further said that the Shiv Sena failed to provide a 100% property tax waiver for structures less than 500 sq ft, but it will waive off the tax for five-star hotels.

Last year, the standing committee of the Shiv Sean proposed to give a tax waiver to 182 hotels and lodges for Rs 22 crore from April to June since they were taken over as quarantine centres for patients and travellers from Vande Bharat flights.

The wellness package proposal was cleared despite other political parties like Congress, Nationalist Congress Party (NCP), Bharatiya Janata Party (BJP) and Samajwadi Party, opposing the proposal, saying that out of the 182 hotels, various have defaulted on their property tax payments.

Image Source


Also read: Bengaluru property owners wait for BBMP to waive property tax penalty

The Brihanmumbai Municipal Corporation (BMC) has proposed a wellness package for 234 hotels in Mumbai that offered room to quarantine high-risk patients and international passengers during the second wave of the Covid-19 pandemic. According to the officials, property taxes of about Rs 41.9 crore are to be waived off from February to May. In 2020, from April to June, BMC waived property taxes of Rs 22 crore for 182 hotels and lodges during the first wave of the Covid-19 pandemic. BMC has proposed the second wellness package in front of the civic standing committee. As per the package, the health department of BMC will pay Rs 41.9 crore to the property tax department from February to May. Declining the proposal, Congress said that BMC could not selectively waive off the tax. Slamming BMC for not waiving the tax for structures up to 500 sq ft. Congress Corporator, Ravi Raja, told the media that the five-star hotels had charged the patients and international passengers for food and stay. Ravi Raja further said that the Shiv Sena failed to provide a 100% property tax waiver for structures less than 500 sq ft, but it will waive off the tax for five-star hotels. Last year, the standing committee of the Shiv Sean proposed to give a tax waiver to 182 hotels and lodges for Rs 22 crore from April to June since they were taken over as quarantine centres for patients and travellers from Vande Bharat flights. The wellness package proposal was cleared despite other political parties like Congress, Nationalist Congress Party (NCP), Bharatiya Janata Party (BJP) and Samajwadi Party, opposing the proposal, saying that out of the 182 hotels, various have defaulted on their property tax payments. Image SourceAlso read: Bengaluru property owners wait for BBMP to waive property tax penalty

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

-->