NMMC commissioner declares no hike in property tax

20 Feb 2023 CW Team

The civic body's total expenditure is estimated to be Rs 49.92 billion, while revenue is expected to be Rs 49.25 billion.

There will be no hike in the property tax yet again- 18th year in a row. Former Airoli MLA Sandeep Naik said, “the civic administration has acknowledged our demand for keeping the property tax tariff intact without adding any burden on the residents. This is welcome move. More funds should be allocated for education and healthcare.”

Replacement of 30,000 streetlights with LED, an integrated bus terminal at Vashi, lighting of the Sion-Panvel highway from Vashi toll plaza to Belapur, an 800-seat capacity auditorium at Airoli, a 7.5km-long dedicated cycle track between NMMC headquarters and Sanpada Moraj Circle, tertiary water treatment plants at Airoli and Koparkhairane, and multi-level indoor parking at Belapur are among the ongoing projects.

Narvekar stated that the budget is realistic in light of citizens' needs. He admitted that the NMMC's e-toilet project and vertical garden concept did not provide the desired benefit to citizens. He stated that the budget was created with the lower strata of society in mind, with a focus on health and education.

Residents, though, have alleged that little has been incorporated in the budget of health, education, environment and sports. Activist Rajeev Mishra said, “It’s suitable for the elite class but has little to offer for the poor in the slum and gaothan pockets.”

The city's civic encroachment department will spend Rs 11 crore removing illegal structures. At the same time, it expects only Rs 4 crore in penalties and fines from encroachers, implying a significant loss in the NMMC coffers while protecting its own properties.

Several residents have welcomed the installation of air purifier towers at various locations to control rising pollution levels caused by massive construction and quarry activity.

NMMC has become completely debt-free after repaying all of its loans on time, saving Rs 12.50 crore, according to civic chief Narvekar.

Rajesh Narvekar, NMMC commissioner and administration, presented a surplus budget of Rs 25 million for 2023-2024, with a focus on completing ongoing civic projects; few new projects were announced this year. The civic body's total expenditure is estimated to be Rs 49.92 billion, while revenue is expected to be Rs 49.25 billion. There will be no hike in the property tax yet again- 18th year in a row. Former Airoli MLA Sandeep Naik said, “the civic administration has acknowledged our demand for keeping the property tax tariff intact without adding any burden on the residents. This is welcome move. More funds should be allocated for education and healthcare.” Replacement of 30,000 streetlights with LED, an integrated bus terminal at Vashi, lighting of the Sion-Panvel highway from Vashi toll plaza to Belapur, an 800-seat capacity auditorium at Airoli, a 7.5km-long dedicated cycle track between NMMC headquarters and Sanpada Moraj Circle, tertiary water treatment plants at Airoli and Koparkhairane, and multi-level indoor parking at Belapur are among the ongoing projects. Narvekar stated that the budget is realistic in light of citizens' needs. He admitted that the NMMC's e-toilet project and vertical garden concept did not provide the desired benefit to citizens. He stated that the budget was created with the lower strata of society in mind, with a focus on health and education. Residents, though, have alleged that little has been incorporated in the budget of health, education, environment and sports. Activist Rajeev Mishra said, “It’s suitable for the elite class but has little to offer for the poor in the slum and gaothan pockets.” The city's civic encroachment department will spend Rs 11 crore removing illegal structures. At the same time, it expects only Rs 4 crore in penalties and fines from encroachers, implying a significant loss in the NMMC coffers while protecting its own properties. Several residents have welcomed the installation of air purifier towers at various locations to control rising pollution levels caused by massive construction and quarry activity. NMMC has become completely debt-free after repaying all of its loans on time, saving Rs 12.50 crore, according to civic chief Narvekar. See also: No property tax reduction for merged villages with PMCNew Town Kolkata Development Authority starts property tax camps

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Building Material

11 Dec 2025

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

Building Material

11 Dec 2025

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..