GHMC Considers Monthly Property Tax Payment System

24 Sep 2024 CW Team

The Greater Hyderabad Municipal Corporation (GHMC) is exploring a new system that would allow property owners to pay their property tax on a monthly basis. This initiative is designed to alleviate the financial strain currently faced by taxpayers, who are required to pay a lump sum annually.

Officials from the GHMC are developing guidelines and amendments to property tax regulations to implement this monthly payment option. Under the proposed system, property taxes would be divided into 12 equal installments, making payments more manageable for homeowners.

This change is expected to benefit both residents and the civic body. By enabling smaller monthly payments, the GHMC aims to reduce the accumulation of tax arrears and facilitate more consistent cash flow. The municipality anticipates monthly collections could range from ?150 crore to ?170 crore, aiding in the funding of various development projects across the city.

A senior official from the GHMC taxation wing indicated that the new framework would likely focus on properties with annual taxes exceeding ?3,000, while smaller assessments under ?101 might not qualify for the monthly payment plan. Discussions are ongoing regarding whether to make monthly payments mandatory or optional, with the possibility of eliminating annual payments altogether.

Currently, there are approximately 19 lakh property tax assessments in Greater Hyderabad, including 12 lakh residential and 7 lakh commercial properties. However, over 2 lakh property owners have outstanding tax dues. For FY 2023-24, the GHMC registered ?1,917 crore in property tax revenue, up by ?257 crore from the previous year, and has set a target of ?2,400 crore for FY 2024-25, having collected ?1,190 crore as of mid-September.

Real Estate

09 Mar 2026

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..

Company showcases North America-certified machinery and secures new deals

Zoomlion Heavy Industry Science & Technology Co., recently showcased a wide portfolio of North America-certified and customised construction equipment at CONEXPO-CON/AGG 2026 in Las Vegas. The display included engineering hoisting machinery, concrete equipment, earthmoving machinery, mining equipment and construction hoisting solutions tailored to regional operational requirements.All equipment presented at the exhibition complies with North American certification standards, with several models specifically developed to meet local regulatory requirements and site conditions. One of the hig..

Sinoboom Launches Dual-ETM Smart Technology

Sinoboom recently introduced its Dual-ETM Smart Technology at CONEXPO-CON/AGG 2026, designed to enhance battery endurance and operational efficiency in electric boom lifts.The new technology integrates advanced components that enable real-time optimisation of power usage during equipment operation. By calculating the precise power requirement instantly, the system delivers only the energy needed for each movement, reducing the inefficiencies associated with conventional maximum-demand power systems.The solution incorporates multiple sensors—including pressure, weight, length and level sensor..