+
NMMC commissioner declares no hike in property tax
Real Estate

NMMC commissioner declares no hike in property tax

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 PMC
New Town Kolkata Development Authority starts property tax camps


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

Next Story
Infrastructure Energy

Tata Power, Suzlon Ink Rs 60 Billion Wind Energy Deal in Andhra

Tata Power has signed an agreement with Suzlon Energy to develop, construct, and supply 700 megawatt (MW) wind turbines in Andhra Pradesh. The Rs 60 billion project forms part of a 7 gigawatt (GW) renewable energy plan announced by Tata Power Renewable Energy (TPREL) and the state government in March 2025.This marks the first wind energy project in the state since 2019. The larger 7 GW programme, covering solar, wind, and hybrid projects with or without storage, is expected to attract investments of around Rs 490 billion, making it one of the state’s largest clean energy commitments.The turb..

Next Story
Infrastructure Transport

Odisha Approves Rs 12.6 Billion For 32 New Bridges

Odisha is set for a major infrastructure boost with the approval of 32 new bridges under the Setu Bandhan Yojana for FY 2025–26. The project, valued at Rs 12.6 billion, is aimed at improving road connectivity across ten districts, enhancing mobility and driving local development.The bridges will be constructed in Bolangir, Subarnapur, Nayagarh, Sambalpur, Malkangiri, Bargarh, Koraput, Jagatsinghpur, Cuttack, and Puri. Many of these areas are rural or located in difficult terrains, where improved accessibility will greatly benefit the transportation of goods and public mobility.Setu Bandhan Y..

Next Story
Infrastructure Transport

UP Plans Rs 350 Billion Gorakhpur–Shamli Expressway

Uttar Pradesh is preparing to build its largest expressway, a 700-km six-lane project that will surpass the 570-km Ganga Expressway from Meerut to Prayagraj. Designed as a greenfield project, the Gorakhpur–Shamli Expressway will cut travel time between eastern and western Uttar Pradesh to just six hours, transforming regional connectivity.The expressway will pass through 22 districts and 37 tehsils, bringing faster travel and significant economic benefits, including higher land values for farmers and employment opportunities during and after construction. A drone survey to map the route is e..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?