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

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..