Maharashtra govt nods tax waiver for homes up to 500 sq ft in Mumbai

17 Jan 2022 CW Team

The Maharashtra cabinet sanctioned the state government's decision to waive property tax on homes up to 500 sq ft in Mumbai.

Chief Minister Uddhav Thackeray had declared the decision on New Year's Day. In a statement, the Chief Minister's Office said that it would benefit 16.14 lakh residential units.

The waiver will lead to an income loss of Rs 462 crore for the exchequer. The Mumbai municipal corporation will endure a loss of Rs 417 crore while the state government will endure the burden for the remaining Rs 45 crore deficit, officials told the media.

On Wednesday, the cabinet additionally decided to waive the tax on school buses for the term between April 2020, the beginning of the coronavirus pandemic, to March 31, 2022. Vehicles held or hired on contract by schools and utilised just for transporting school children will be qualified for the concession, the CMO statement said. The tax already paid would be adjusted in future dues.

Image Source

Infrastructure Urban

09 Mar 2026

Flender Inaugurates Wind Gearbox Test Rig In Chennai

Chennai, 6 March 2026: Flender has inaugurated a 13.5 MW wind turbine gearbox test rig at its Walajabad facility near Chennai, marking the installation of the largest test rig of its kind in India. The facility was inaugurated on 5 March in the presence of Andreas Evertz, CEO, Flender Group; Lars Wiegemann, Vice President – Wind Gears; and Vinod Shetty, CEO, Flender India.The test rig has been developed to support testing and validation of wind turbine gearboxes, strengthening the company’s capabilities in the renewable energy sector. The commissioning was completed within three months thr..

BMW Industries partners with IOCL for PNG supply at Bokaro plant

BMW Industries has entered into a strategic partnership with Indian Oil Corporation (IOCL) for the supply of Piped Natural Gas (PNG), reinforcing its commitment to adopting cleaner and more efficient energy sources for its operations.The agreement was signed at the Eastern Region Pipelines (ERPL) headquarters in Kolkata. The partnership is expected to support the company’s upcoming manufacturing facility in Bokaro by facilitating the use of natural gas as a primary energy source.According to the company, the adoption of PNG will help enhance operational efficiency while also contributing to ..

Bombay Realty Secures RERA for Three ICC Tower in South Mumbai

Bombay Realty, the real estate arm of Bombay Dyeing and part of the Wadia Group, has received Real Estate Regulatory Authority (RERA) certification for Three ICC – Wing A, the latest luxury residential tower at Island City Center in Mumbai’s Dadar.The RERA registration marks a key milestone in the development timeline and reinforces the company’s focus on regulatory transparency, timely project delivery, and high construction standards.Following the success of One ICC and Two ICC, the upcoming Three ICC tower represents the next phase of the Island City Center development. The project ai..