Half of Nagpur property owners default on taxes
Real Estate

Half of Nagpur property owners default on taxes

The common belief that only the wealthy are behind in paying property tax was stated to be incorrect. According to data from the Nagpur Municipal Corporation (NMC), it was shown that most defaulters owed less than 10,000 in property tax.

A staggering 3.3 lakh were reported to be in this group, which added up to 590.38 million in unpaid taxes. In contrast, it was mentioned that 136 owners with over 5 lakh in tax dues owed NMC a total of 580.53 million.

Upon closely examining the tax defaulters released by NMC, it was revealed that out of 7.05 lakh property owners in Nagpur, almost half or 3.4 lakh had not paid their property tax in the last financial year (2023-24). The total dues from them were reported to amount to 1.40 billion.

Furthermore, the data disclosed that residents from Ashi Nagar zone topped the list of defaulters among the 10 zones of NMC. It was indicated that a total of 80,815 owners there were yet to clear their dues. Nehru Nagar zone was mentioned to come next, with 52,289 property owners not paying tax for the financial year 2023-2024. Hanuman Nagar was said to have 40,503 defaulters, while Lakadganj was stated to be close behind with 40,388.

It was noted that in Mangalwari, 36,854 owners had not paid their tax. Laxmi Nagar was reported to have 30,942 defaulters, and Satranjipura was mentioned to have 20,542. Dharampeth zone reportedly had 20,047 property owners who hadn't paid their tax. Gandhibagh was stated to have a lower number of defaulters at 10,290, and Dhantoli was indicated to have the least, with 8,174 owners not clearing their dues.

The common belief that only the wealthy are behind in paying property tax was stated to be incorrect. According to data from the Nagpur Municipal Corporation (NMC), it was shown that most defaulters owed less than 10,000 in property tax. A staggering 3.3 lakh were reported to be in this group, which added up to 590.38 million in unpaid taxes. In contrast, it was mentioned that 136 owners with over 5 lakh in tax dues owed NMC a total of 580.53 million. Upon closely examining the tax defaulters released by NMC, it was revealed that out of 7.05 lakh property owners in Nagpur, almost half or 3.4 lakh had not paid their property tax in the last financial year (2023-24). The total dues from them were reported to amount to 1.40 billion. Furthermore, the data disclosed that residents from Ashi Nagar zone topped the list of defaulters among the 10 zones of NMC. It was indicated that a total of 80,815 owners there were yet to clear their dues. Nehru Nagar zone was mentioned to come next, with 52,289 property owners not paying tax for the financial year 2023-2024. Hanuman Nagar was said to have 40,503 defaulters, while Lakadganj was stated to be close behind with 40,388. It was noted that in Mangalwari, 36,854 owners had not paid their tax. Laxmi Nagar was reported to have 30,942 defaulters, and Satranjipura was mentioned to have 20,542. Dharampeth zone reportedly had 20,047 property owners who hadn't paid their tax. Gandhibagh was stated to have a lower number of defaulters at 10,290, and Dhantoli was indicated to have the least, with 8,174 owners not clearing their dues.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code