Pune civic body seals buildings over property tax dues
Real Estate

Pune civic body seals buildings over property tax dues

Since May of this year, the local council has sealed more than 400 structures belonging to citizens who have not paid property taxes for several years and are about to lose their homes. "Notices informing the owners and occupants of these properties of the payment were sent. However, after numerous summonses, they have failed to pay the tax, so these properties have been sealed. The next course of action, which may include auctioning off these properties, would be decided in due course, according to Ajit Deshmukh, chairman of the Pune Municipal Corporation's (PMC) property tax division.

The civic administration needs to recover around 80,000 million from defaulters, according to PMC officials. This includes large tax evaders including businesses, shopping centres, IT parks, and hospitals in addition to taxes on cell towers.

"Many tax defaulters have filed lawsuits in opposition to letters of collection. In many situations, the PMC is powerless to use coercion. According to a senior PMC official, this is delaying recovery.

Since May of this year, the local council has sealed more than 400 structures belonging to citizens who have not paid property taxes for several years and are about to lose their homes. Notices informing the owners and occupants of these properties of the payment were sent. However, after numerous summonses, they have failed to pay the tax, so these properties have been sealed. The next course of action, which may include auctioning off these properties, would be decided in due course, according to Ajit Deshmukh, chairman of the Pune Municipal Corporation's (PMC) property tax division. The civic administration needs to recover around 80,000 million from defaulters, according to PMC officials. This includes large tax evaders including businesses, shopping centres, IT parks, and hospitals in addition to taxes on cell towers. Many tax defaulters have filed lawsuits in opposition to letters of collection. In many situations, the PMC is powerless to use coercion. According to a senior PMC official, this is delaying recovery.

Next Story
Infrastructure Urban

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Next Story
Infrastructure Transport

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Next Story
Infrastructure Transport

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement