Property tax waiver for homes less than 500 sq ft

04 Jan 2022 CW Team

Chief minister Uddhav Thackeray declared a complete property tax waiver for all houses measuring less than 500 sq ft in Mumbai.

BMC chief Iqbal Chahal told the media that the property tax waiver is complete and would be applicable from January. Recently, the BMC mopped up Rs 11,000 crore in premiums from the construction industry after the government declared a 50% waiver in premiums on account of the Covid-19.

Chahal said that till December 31, the BMC had additionally collected Rs 3,450 crore in property tax when its aim was just Rs 800 crore. For 2021-22, the property tax aim is Rs 5,000 crore, and they shall effortlessly cover it, he said, adding the waiver would cost the BMC about Rs 463 crore.

Thackeray had held a meeting of Shiv Sena leaders from Mumbai, comprising urban development minister Eknath Shinde, his son and guardian minister for Mumbai suburbs Aaditya Thackeray, mayor Kishori Pednekar and Congress leader and island city guardian minister Aslam Shaikh.

The chief minister said that the party had given a similar waiver in 2017, but this time it is a complete waiver and would come into effect immediately.

Image Source

Also read: Tax Adalat to address property tax issues from 22 November

Infrastructure Transport

29 Oct 2025

Railways approves major upgrade for Telangana traction lines

The Ministry of Railways has approved the upgradation of the electric traction system in two crucial railway sections — Medchal–Mudkhed (225 km) and Mahbubnagar–Dhone (184 km). The projects, costing Rs 1.93 billion and Rs 1.23 billion respectively, will enhance the electric traction capacity from 1X25 KV to 2X25 KV. The work includes modifications to circuit breakers and switching stations, along with the installation of additional conductors. These routes serve as vital links between Northern and Southern India via Hyderabad. Once completed, the upgraded system will reduce voltage dro..

Adani to invest Rs 425 billion more in Maharashtra’s Dighi Port

The Adani Group has committed to invest an additional Rs 425 billion in the Dighi Port project, located along Maharashtra’s coastal Konkan belt, government officials announced on Monday. Adani Ports and Special Economic Zone (APSEZ)-run Dighi Ports signed a memorandum of understanding (MoU) with the Maharashtra government to undertake the expansion of the port and related infrastructure. This new commitment comes as part of a broader investment initiative by the state. Chief Minister Devendra Fadnavis said the agreement is among 15 MoUs worth over Rs 560 billion signed during the opening d..

HUDCO, JNPA sign Rs 50 billion deal for port development

In a strategic move, the Housing and Urban Development Corporation Ltd (HUDCO) has signed a Memorandum of Understanding (MoU) with the Jawaharlal Nehru Port Authority (JNPA) for an investment of Rs 50 billion to revamp and develop port infrastructure. The non-binding agreement is intended to strengthen cooperation on both existing and upcoming infrastructure projects, with a focus on development, financing, and refinancing of port facilities at the Jawaharlal Nehru Port. The MoU was formalised with the signatures of Sanjay Kulshrestha, Chairman and Managing Director of HUDCO, and Unmesh Shar..