+
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
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?