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 Energy

CCI Clears Lloyds Metals’ 49.99 Per Cent Stake In Thriveni Pellets

The Competition Commission of India (CCI) has approved Lloyds Metals and Energy Ltd’s proposal to acquire a 49.99 per cent equity stake in Thriveni Pellets Pvt Ltd (TPPL).“The proposed combination involves the acquisition of 49.99 per cent of the equity share capital of TPPL by LMEL (Lloyds Metals and Energy Ltd),” the regulator said in its official release.Lloyds Metals and Energy, headquartered in Maharashtra, is engaged in iron ore mining, direct reduced iron production, captive power generation, and pellet trading. The company supplies iron ore fines and pellets to customers worldwid..

Next Story
Infrastructure Energy

India’s Coal Exports Rise 23.4 Per Cent To 1.9 Million Tonnes

India’s coal exports grew 23.4 per cent to 1.908 million tonnes in the financial year 2024–25, government data showed. The increase comes as the country steps up efforts to boost coal exports and tap into rising global demand for fossil fuels.Provisional figures from the Ministry of Coal reveal that India’s coal exports stood at 1.546 million tonnes in 2023–24. In value terms, exports were worth Rs 16.4 billion in FY25 compared with Rs 18.3 billion in FY24.India primarily exports coal to neighbouring countries such as Nepal, Bangladesh, and Bhutan. A previous study suggested that India..

Next Story
Infrastructure Urban

BMC Deploys Rs 750 Million Fleet To Curb Mumbai Air Pollution

As Mumbai braces for worsening air quality during the winter months, the Brihanmumbai Municipal Corporation (BMC) has initiated a high-tech drive to reduce pollution levels across the city. The civic body has floated e-tenders for the design, supply, commissioning, and one-year operation of vehicle-mounted multipurpose dust suppression systems.These battery-operated vehicles, equipped with suction, sprinkler, and fogging technology, are designed to capture and suppress dust and particulate matter in high-traffic areas. The first phase will see the deployment of 12 such vehicles, at a cost of R..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?