Buildings in Kochi to come under property tax purview

11 Sep 2023 CW Team

In a bid to bolster its revenue, the Kochi Corporation is contemplating a proposal to revise the categorization of primary, secondary, and tertiary areas within the city, a move that would subsequently impact property tax rates. The existing categorization and property tax rates were originally established in 1995, primarily contingent upon the width of the road granting access to a property. Remarkably, these categorizations have remained unchanged for the past three decades.

Under the prevailing system, all structures endowed with access to roads boasting a width of five meters or more are classified within the primary category. In contrast, structures connected to roads narrower than five meters find themselves in the secondary category. Meanwhile, buildings with access limited to pathways, alleys, or even those without any pathway access are grouped under the tertiary category.

The municipal authorities contend that a revision of these categories is long overdue. Mayor M Anilkumar expressed, "Over the years, numerous areas within the city have witnessed substantial development. New roads have been constructed across all 74 divisions, and some of the formerly narrow alleys have been transformed into wider thoroughfares. As a result, we are poised to undertake a comprehensive study to ascertain these changes. Based on the findings of this study, a decision will be made regarding the revision of these categories."

Infrastructure Urban

30 May 2026

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..

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..

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..