NMC passes resolution for property tax exemption up to 500 sq ft
Real Estate

NMC passes resolution for property tax exemption up to 500 sq ft

The property tax committee of the Nagpur Municipal Corporation (NMC) has passed a resolution for the exemption of property tax for residential properties of up to 500 sq ft.

The plan was presented before the standing committee, followed by the general body and state government.

Mahendra Dhanvijay, a committee member, said that the government has decided to extend the benefit of properties in Mumbai. It will benefit the poor people, and the resolution should also be taken for the city.

CM Uddhav Thackeray announced that the Brihanmumbai Municipal Corporation (BMC) would exempt property tax of residential properties up to 500 sq ft. The urban development department of the state will implement the plan in April. Around 16.14 lakh houses are expected to get relief of Rs 426 crore from CM's decision.

After the decision, three legislators, including Vikas Thakre, Congress City President, Pravin Datke, Bharatiya Janata Party (BJP) City President and Krishna Khopde, Former City President BJP, urged the CM to extend relief to the entire state.

Image Source

Also read: Property tax waiver for homes less than 500 sq ft

The property tax committee of the Nagpur Municipal Corporation (NMC) has passed a resolution for the exemption of property tax for residential properties of up to 500 sq ft. The plan was presented before the standing committee, followed by the general body and state government. Mahendra Dhanvijay, a committee member, said that the government has decided to extend the benefit of properties in Mumbai. It will benefit the poor people, and the resolution should also be taken for the city. CM Uddhav Thackeray announced that the Brihanmumbai Municipal Corporation (BMC) would exempt property tax of residential properties up to 500 sq ft. The urban development department of the state will implement the plan in April. Around 16.14 lakh houses are expected to get relief of Rs 426 crore from CM's decision. After the decision, three legislators, including Vikas Thakre, Congress City President, Pravin Datke, Bharatiya Janata Party (BJP) City President and Krishna Khopde, Former City President BJP, urged the CM to extend relief to the entire state. Image Source Also read: Property tax waiver for homes less than 500 sq ft

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?