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.

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

-->