Mumbai BMC Issues Warning on Property Tax Arrears

18 Apr 2024 CW Team

The Brihanmumbai Municipal Corporation (BMC) has issued a stern warning to property owners in Mumbai regarding the payment of outstanding property tax dues. With the deadline set for May 25, the BMC emphasizes the importance of timely payment to avoid stringent actions. Property owners are urged to adhere to this deadline to prevent potential legal ramifications.

The BMC's announcement comes amidst efforts to bolster revenue collection and ensure the smooth functioning of civic amenities and services in the city. Non-compliance with property tax payments can lead to penalties and legal actions, including seizure of property or imposition of fines.

Property tax is a crucial source of revenue for the BMC, enabling it to fund various infrastructure projects, maintenance activities, and public services essential for Mumbai's residents. Failure to fulfil tax obligations not only hampers the BMC's ability to provide these services but also undermines the overall development and well-being of the city.

Property owners are advised to promptly settle any outstanding tax dues to avoid facing the consequences of non-compliance. The BMC has streamlined the tax payment process, providing multiple channels for property owners to make payments conveniently. Online payment platforms, designated civic centres, and authorised banks facilitate easy and efficient tax payments.

Ensuring compliance with property tax regulations is not only a legal obligation but also a civic responsibility. By fulfilling their tax obligations punctually, property owners contribute to the sustainable development and maintenance of Mumbai's infrastructure and civic amenities. The BMC's proactive approach underscores the importance of collective efforts in upholding the city's financial stability and growth.

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..