Pune civic body to recover property tax dues with Amnesty Scheme

01 Dec 2023 CW Team

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.

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

Infrastructure Urban

06 Apr 2026

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

Infrastructure Energy

06 Apr 2026

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..