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
Infrastructure Urban

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Next Story
Infrastructure Transport

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Next Story
Infrastructure Urban

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

-->