Mumbai BMC Issues Notices to Metro Project Contractors Over Pending Property Tax

19 Apr 2024 CW Team

The Brihanmumbai Municipal Corporation (BMC) has issued notices to five contractors involved in executing metro projects in Mumbai for their outstanding property tax dues. This move highlights the BMC's efforts to ensure compliance with tax obligations and uphold financial accountability among contractors working on major infrastructure projects.

The issuance of notices underscores the importance of timely payment of property tax as a civic responsibility, especially for entities involved in significant development initiatives. By addressing unpaid tax liabilities, the BMC aims to maintain revenue streams essential for funding public services and infrastructure development.

The contractors involved in metro projects are expected to fulfil their tax obligations promptly to avoid legal repercussions and demonstrate their commitment to responsible corporate citizenship. Compliance with tax regulations is essential for fostering trust and collaboration between public authorities and private entities in executing large-scale infrastructure projects.

The BMC's action reflects its role in enforcing tax compliance and promoting financial transparency in Mumbai's real estate and infrastructure sectors. It underscores the municipality's commitment to ensuring that all stakeholders contribute their fair share towards supporting the city's development and upkeep.

Addressing unpaid property tax dues among contractors is crucial for maintaining fiscal discipline and sustaining the momentum of infrastructure development projects in Mumbai. The BMC's proactive measures underscore its commitment to upholding financial integrity and promoting accountability in the management of public resources.

Infrastructure Urban

30 May 2026

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..

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..

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..