NMC waives tax on homes measuring up to 500 sq ft

16 Feb 2022 CW Team

The Nagpur Municipal Corporation (NMC) has decided to provide tax exemption to housing properties measuring 500 sq ft and below.

The move is likely to help more than 2.5 lakh property owners but cause a loss of Rs 120 crore to the cash-strapped civic body. On January 5, the media had reported regarding NMC’s property tax consultative committee’s decision to suggest the exemption on the lines of Mumbai.The bid was tabled before the general body on Tuesday.

NMC deputy commissioner Milind Meshram told the media that there are likely more than 2.5 lakh properties of 500 sq ft and below.The yearly demand for these properties is about Rs 30 crore per annum. Additionally, there is an arrear of Rs 90 crore on these properties.Ruling party leader Avinash Thakre recommended execution of the advantage to qualified persons from January 25.

Arrears of Rs 90 crore indicate they are unable to pay the tax. Losing an income of Rs 30 crore per annum will not make any difference to NMC. They can easily manage this by bringing new income sources. Dharampal Meshram, corporator from Thakre’s party, disagreed with the latter’s suggestion.

The NMC administration must first study whether the government would pay the income loss in the case of Mumbai.They must demand reimbursement from the government. He said that there is a possibility a few houses in slum areas do not get the advantage.

Few shanties have an area of more than 500 sq ft. Such persons are not qualified to pay taxes. Some standards should be set to extend the advantage.

Thakre told the media that a proper team should be created to execute and give orders to the government. According to NMC’s data, there are approximately 6.5 lakh properties in the city, which means 38.5% are expected to benefit.

Image Source

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

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..