+
Panvel Issues Notices to Defaulters
Real Estate

Panvel Issues Notices to Defaulters

Panvel's civic body has intensified its efforts to address the issue of property tax defaulters, serving prior-to-seizure notices to around 300 individuals. This decisive move comes in response to a growing concern over the accumulation of unpaid property taxes, impacting the city's financial stability.

The Municipal Corporation of Panvel has identified 300 properties with substantial overdue tax payments. The notices served indicate the civic body's intent to take possession of these properties if the outstanding taxes are not settled promptly. This stern action aims to ensure that property owners fulfil their civic responsibilities, contributing to the overall development of the region.

Property tax is a crucial source of revenue for local governments, funding essential services and infrastructure projects. The civic body's proactive approach underscores its commitment to maintaining financial discipline and fostering sustainable urban development. Defaulting on property tax not only hampers civic progress but also places an additional burden on responsible taxpayers.

The move is part of Panvel's broader strategy to streamline tax collection processes and boost revenue generation. By targeting defaulters and enforcing consequences for non-compliance, the civic body aims to create a fair and equitable system for all residents. This initiative aligns with the city's vision for smart and responsible urban governance.

Panvel's civic body has intensified its efforts to address the issue of property tax defaulters, serving prior-to-seizure notices to around 300 individuals. This decisive move comes in response to a growing concern over the accumulation of unpaid property taxes, impacting the city's financial stability. The Municipal Corporation of Panvel has identified 300 properties with substantial overdue tax payments. The notices served indicate the civic body's intent to take possession of these properties if the outstanding taxes are not settled promptly. This stern action aims to ensure that property owners fulfil their civic responsibilities, contributing to the overall development of the region. Property tax is a crucial source of revenue for local governments, funding essential services and infrastructure projects. The civic body's proactive approach underscores its commitment to maintaining financial discipline and fostering sustainable urban development. Defaulting on property tax not only hampers civic progress but also places an additional burden on responsible taxpayers. The move is part of Panvel's broader strategy to streamline tax collection processes and boost revenue generation. By targeting defaulters and enforcing consequences for non-compliance, the civic body aims to create a fair and equitable system for all residents. This initiative aligns with the city's vision for smart and responsible urban governance.

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?