Pune civic body to recover property tax dues with Amnesty Scheme
Real Estate

Pune civic body to recover property tax dues with Amnesty Scheme

The city's governing body is considering implementing an amnesty scheme for individuals who have defaulted on property taxes. This initiative would include a reduction in penalties, and property owners in Pune Municipal Corporation (PMC) areas can take advantage of the program through Lok Adalat.

PMC's administrator, Vikram Kumar, expressed the civic administration's desire to incentivise tax payment among defaulters. The goal is to encourage a larger number of people to step forward and settle their outstanding tax amounts.

Civic data reveals that approximately Rs 45 billion in dues, pending for periods ranging from two to ten years, need to be recovered from both residential and commercial property owners.

A Lok Adalat is scheduled for the second week of December, with advance notice to be given to defaulters. In the previous fiscal year (2021-22), the civic body successfully collected Rs 4.79 billion from property tax defaulters through the amnesty scheme, involving 1.49 lakh property owners.

Although the scheme, offering an 80% discount on property tax penalties, has been reintroduced multiple times, civic activists have opposed its regular promotion by the civic body. Critics, such as Vivek Velankar of Sajag Nagrik Manch, argue that the frequent introduction of amnesty schemes sends the wrong message to diligent taxpayers. They contend that the approach lacks long-term effectiveness in tax recovery.

For the fiscal year 2023-24, PMC has set a target of Rs 23.18 billion for property tax collection. Additionally, the civic administration anticipates collecting nearly Rs 3 billion as water tax from residential properties as part of the property tax, resulting in total expected revenue of Rs 26.18 billion.

Following the elimination of octroi and local body tax (LBT), the civic administration has limited revenue-generation options, with property tax being a key source. Property tax is calculated based on the annual rateable value (ARV) of properties, and payments can be made through both offline and online modes.

The city's governing body is considering implementing an amnesty scheme for individuals who have defaulted on property taxes. This initiative would include a reduction in penalties, and property owners in Pune Municipal Corporation (PMC) areas can take advantage of the program through Lok Adalat. PMC's administrator, Vikram Kumar, expressed the civic administration's desire to incentivise tax payment among defaulters. The goal is to encourage a larger number of people to step forward and settle their outstanding tax amounts. Civic data reveals that approximately Rs 45 billion in dues, pending for periods ranging from two to ten years, need to be recovered from both residential and commercial property owners. A Lok Adalat is scheduled for the second week of December, with advance notice to be given to defaulters. In the previous fiscal year (2021-22), the civic body successfully collected Rs 4.79 billion from property tax defaulters through the amnesty scheme, involving 1.49 lakh property owners. Although the scheme, offering an 80% discount on property tax penalties, has been reintroduced multiple times, civic activists have opposed its regular promotion by the civic body. Critics, such as Vivek Velankar of Sajag Nagrik Manch, argue that the frequent introduction of amnesty schemes sends the wrong message to diligent taxpayers. They contend that the approach lacks long-term effectiveness in tax recovery. For the fiscal year 2023-24, PMC has set a target of Rs 23.18 billion for property tax collection. Additionally, the civic administration anticipates collecting nearly Rs 3 billion as water tax from residential properties as part of the property tax, resulting in total expected revenue of Rs 26.18 billion. Following the elimination of octroi and local body tax (LBT), the civic administration has limited revenue-generation options, with property tax being a key source. Property tax is calculated based on the annual rateable value (ARV) of properties, and payments can be made through both offline and online modes.

Next Story
Resources

ULCCS Showcases Cooperative Model at UN Symposium

Uralungal Labour Contract Co-operative Society (ULCCS) showcased its community-led development model at the United Nations Headquarters in New York, where it participated as a panellist at the International Symposium on Cooperative Financial Institutions held on 28–29 May 2026.Jointly organised by the United Nations Department of Economic and Social Affairs (UN DESA), the International Cooperative Banking Association (ICBA), and the International Cooperative Alliance (ICA), the symposium was held under the theme ‘Fuelling Inclusive and Equitable Growth’ and brought together policymakers,..

Next Story
Infrastructure Transport

Delhi Airport to Finalise 20-Year Master Plan

Delhi International Airport Ltd (DIAL) is finalising a 20-year master plan to guide long term infrastructure and operational development at Indira Gandhi International Airport, an official said. The operator expects the plan to reflect changes in the airline industry, shifts in the competitive landscape and evolving infrastructure requirements across terminals, airside and support services. The official said the document is likely to be ready in the next two to two-and-a-half months as the operator moves through planning stages. The plan will be prepared after consultations with airport users ..

Next Story
Real Estate

Aadhar Housing Finance Targets Rs 500 bn AUM By FY29

Aadhar Housing Finance has set a target to raise its asset under management to Rs 500 billion (bn) by the end of FY29, aiming to achieve this over the next three financial years through an 18-20 per cent loan growth trajectory. The firm focuses on the low-income segment with a ticket size of less than Rs 1.5 million (mn) and has relied on that segment to drive expansion. The company closed FY26 with an AUM of Rs 305.71 bn, reflecting the expansion in recent years, and it reported a net profit rise of 22 per cent to Rs 11.08 bn. Management indicated that gross non-performing assets stood at 1.0..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement