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

06 Apr 2026

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..

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..

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..