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

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?