Nashik civic body buys 36k new properties under tax net in Apr-Jan

27 Feb 2022 CW Team

The Nashik Municipal Corporation (NMC) has brought about 36,000 new properties under the tax net in the April-January period in FY22.

The properties under tax ambit have increased to 4.96 lakh in Nashik, from which 15,000 new properties have been bought by NMC in the November-January period.

According to NMC's property tax department, the municipal corporation would earn Rs 18 crore extra through these new properties. These properties also include 24,000 properties identified during the housing survey of no occupancy certificates (OCs) received from the town planning department of NMC.

An official said that the civic body had surveyed all the properties through a private agency and found 59,000 new properties were not under the tax net. These new properties were being used without the Building Completion Certificate (BCCs).

NMC targets Rs 160 crore collection of property tax in FY22 but reduced to Rs 140 crore due to a drop in revenue collection because of the Covid-19 pandemic.

To date, the civic body has collected Rs 120 crore tax and expects to add Rs 20 crore more by the end of FY22.

Image Source

Also read: Nashik Municipal Corp to conduct GIS mapping of the entire city

Real Estate

01 Dec 2025

Serene, Gardencity to Develop Rs 3 Billion Senior Living Project in Bengaluru

Serene Communities, a leading senior living brand, has partnered with Gardencity Realty to develop a premium senior living community in Budigere, one of Bengaluru’s fastest-growing residential micro-markets. The project will span approximately 300,000 sq ft, with a Gross Development Value of about Rs 3 billion, and will add roughly 250 senior-friendly residences to the city’s growing retirement housing segment.The launch forms part of Serene Communities’ national expansion strategy. The company has 11 new projects under development with a planned investment of Rs 25 billion that will add..

Alliance City Developers Marks Major 2025 Milestones in Vile Parle

Alliance City Developers Realtors has announced significant project milestones and expansions in 2025, underscoring what the company terms a transformational year. The developer completed multiple residential projects and launched two premium developments in Vile Parle (East), one of Mumbai’s most sought-after neighbourhoods.During the year, Alliance Legacy in Matunga (East) received its Occupancy Certificate (OC), while Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East) were granted Completion Certificates (CC), marking final project delivery. Alliance Abhimanyu is ..

Moro Hub and PwC Middle East Partner to Accelerate Smart City Solutions

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), has announced a strategic collaboration with PwC Middle East to advance Smart City, Integrated Command Centre (ICC), Critical Infrastructure Monitoring and Internet of Things (IoT) initiatives across the region. The partnership brings together Moro Hub’s digital infrastructure and IoT capabilities with PwC’s global expertise in digital trust, smart city strategy and cybersecurity to support the UAE’s vision for intelligent and sustainable cities.“Our collaboration with PwC Middle Ea..