PMC calls for Lok Adalat to settle property tax disputes in Pune
Real Estate

PMC calls for Lok Adalat to settle property tax disputes in Pune

The Pune Municipal Corporation (PMC) has convened a Lok Adalat to settle long-standing property tax disputes. On September 25, it will be held.

According to Hemant Rasane, the chairman of the standing committee, this alternative dispute resolution mechanism will resolve up to 500 cases.

If the tax defaulter agrees to pay the dues, the civic body will offer a 50% discount on the penalty, he said. He claims that the pending tax cases in Lok Adalat can bring in Rs 52 crore for PMC.

PMC officials have said that property tax collection by the civic body has surpassed Rs 1,000 crore on Friday, nearly Rs 211 crore higher than the same period the previous financial year.

Owners of 6.26 lakh properties paid the tax between April 1 and August 27 this year, according to PMC figures. Property taxes are assessed based on the annual rateable value of the property, said the officials. The municipal government provides two tax payment options.

They include both offline and online activities. The main sources of revenue for PMC were octroi and local body tax.

Since their abolition, property taxes have provided the civic body with the most revenue. This tax brings in around Rs 14,000 crore to Rs 16,000 crore per year for PMC.

Image Source


Also read: UP National Lok Adalat: UP RERA disposes 79 cases

The Pune Municipal Corporation (PMC) has convened a Lok Adalat to settle long-standing property tax disputes. On September 25, it will be held. According to Hemant Rasane, the chairman of the standing committee, this alternative dispute resolution mechanism will resolve up to 500 cases. If the tax defaulter agrees to pay the dues, the civic body will offer a 50% discount on the penalty, he said. He claims that the pending tax cases in Lok Adalat can bring in Rs 52 crore for PMC. PMC officials have said that property tax collection by the civic body has surpassed Rs 1,000 crore on Friday, nearly Rs 211 crore higher than the same period the previous financial year. Owners of 6.26 lakh properties paid the tax between April 1 and August 27 this year, according to PMC figures. Property taxes are assessed based on the annual rateable value of the property, said the officials. The municipal government provides two tax payment options. They include both offline and online activities. The main sources of revenue for PMC were octroi and local body tax. Since their abolition, property taxes have provided the civic body with the most revenue. This tax brings in around Rs 14,000 crore to Rs 16,000 crore per year for PMC. Image Source Also read: UP National Lok Adalat: UP RERA disposes 79 cases

Next Story
Real Estate

Birla Estates Tops Global GRESB 2025 Rankings

Birla Estates (BEPL), a wholly owned subsidiary of Aditya Birla Real Estate (formerly Century Textiles and Industries Limited), has been recognised as a Sector Leader in the 2025 GRESB Real Estate Assessment, securing top honours across multiple global and regional categories.Birla Estates’ Achievements in GRESB 2025:Global Sector Leader – ResidentialGlobal Sector Leader – Non-Listed ResidentialRegional Sector Leader – Asia – ResidentialRegional Sector Leader – Non-Listed – Asia – ResidentialThese distinctions reaffirm Birla Estates’ exceptional performance in Environmental, ..

Next Story
Infrastructure Transport

Progota India Secures RDSO Clearance for Kavach 4.0

Concord Control Systems, one of India’s leading manufacturers of embedded electronic and critical system solutions, announced that its associate company, Progota India, has received Technical Prototype Clearance from the Research Designs and Standards Organisation (RDSO) for Kavach 4.0, the latest version of Indian Railways’ indigenous Automatic Train Protection (ATP) system.With this clearance, Progota has been formally approved to execute its ongoing trial order from South Central Railway, marking a key milestone in India’s railway modernization journey. The approval also establishes P..

Next Story
Infrastructure Urban

MPS Interactive Systems Completes Full Acquisition of Liberate Group

MPS Interactive Systems (MPSi), a material subsidiary of MPS, has completed the acquisition of the remaining shareholding in the Liberate Group of Companies—comprising Liberate Learning, App-eLearn, and Liberate eLearning.With this transaction, MPSi now holds 100 per cent ownership of all entities within the Liberate Group, making them its wholly owned subsidiaries. The acquisition was executed in line with the valuation methodology defined in the original transaction documents.Commenting on the development, Rahul Arora, Chairman and CEO of MPS, said, “The corporate learning sector continu..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?