Hubballi-Dharwad civic body collects Rs 1 billion property tax in 7 months
Real Estate

Hubballi-Dharwad civic body collects Rs 1 billion property tax in 7 months

The financially struggling Hubballi-Dharwad Municipal Corporation (HDMC) has achieved a record-breaking property tax collection of over Rs 1 billion in the first seven months of the 2024-2025 financial year. This accomplishment is attributed to efforts aimed at making the tax payment process more convenient and user-friendly.

By the end of October 2024, the HDMC had collected Rs 1.02 billion, nearing its annual target of Rs 1.41 billion. This figure is reportedly the highest in the civic body's history.

Local elected representatives, including councillors, had been vocal in their criticism of HDMC officials, accusing them of inefficiency in tax collection. The corporation's financial condition had been dire, exacerbated by the government's failure to release grants. As a result, officials faced mounting pressure to boost internal revenue generation.

To address the situation, HDMC Commissioner Ishwar Ullagaddi implemented several initiatives to streamline the tax collection process. These measures included introducing an online payment system, sparing taxpayers from having to visit payment counters during adverse weather conditions or endure long queues. Additionally, staff members were equipped with Point of Sale (PoS) machines, enabling doorstep collection of tax payments.

A 5 per cent concession was initially offered to taxpayers making payments in April, which was subsequently extended to the end of May and later to the end of August. This initiative significantly increased revenue for the HDMC.

Deputy Commissioner (Revenue) Vishwanath PB said that the highest collection occurred in August, amounting to Rs 550.3 million. May saw Rs 90.2 million collected, followed by Rs 80.7 million in June, Rs 100.9 million in July, and Rs 50.9 million in August. However, collections dropped in September and October, amounting to Rs 40.6 and Rs 50.6 million, respectively.

The financially struggling Hubballi-Dharwad Municipal Corporation (HDMC) has achieved a record-breaking property tax collection of over Rs 1 billion in the first seven months of the 2024-2025 financial year. This accomplishment is attributed to efforts aimed at making the tax payment process more convenient and user-friendly. By the end of October 2024, the HDMC had collected Rs 1.02 billion, nearing its annual target of Rs 1.41 billion. This figure is reportedly the highest in the civic body's history. Local elected representatives, including councillors, had been vocal in their criticism of HDMC officials, accusing them of inefficiency in tax collection. The corporation's financial condition had been dire, exacerbated by the government's failure to release grants. As a result, officials faced mounting pressure to boost internal revenue generation. To address the situation, HDMC Commissioner Ishwar Ullagaddi implemented several initiatives to streamline the tax collection process. These measures included introducing an online payment system, sparing taxpayers from having to visit payment counters during adverse weather conditions or endure long queues. Additionally, staff members were equipped with Point of Sale (PoS) machines, enabling doorstep collection of tax payments. A 5 per cent concession was initially offered to taxpayers making payments in April, which was subsequently extended to the end of May and later to the end of August. This initiative significantly increased revenue for the HDMC. Deputy Commissioner (Revenue) Vishwanath PB said that the highest collection occurred in August, amounting to Rs 550.3 million. May saw Rs 90.2 million collected, followed by Rs 80.7 million in June, Rs 100.9 million in July, and Rs 50.9 million in August. However, collections dropped in September and October, amounting to Rs 40.6 and Rs 50.6 million, respectively.

Next Story
Infrastructure Urban

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Next Story
Infrastructure Energy

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Next Story
Real Estate

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement