Pune Municipal Corporation seals ten properties for tax defaults

14 Sep 2021 CW Team

The Pune Municipal Corporation (PMC) sealed ten properties, including both residential and commercial, which have huge property tax dues.

PMC has sent notices to 9,000 property owners of residential and commercial properties, asking them to pay the due property taxes immediately after receiving the notices.

Pune has a total of 10.5 lakh properties, including residential, commercial, etc. The generated taxes from these properties are the main source of revenue for the corporation. While the property taxes payment goes throughout the year, the property taxes overdue keeps changing. The civic body has selected 9,000 property owners with property tax dues of Rs 200 crore.

The property department head of PMC, Vilas Kanade, said that the civic body had initiated a drive to recover more tax dues.

The civic body has introduced a special scheme for regular taxpayers, which helped generate revenue for the tax department this year.

On Friday, PMC crossed the mark of Rs 1,000 crore. It has around Rs 211 crore more than in the same period in the last financial year (FY). PMC's income was Rs 1,001.88 crore this year. As per data, owners of 6,26,072 have paid property taxes this year between April and August.

PMC has two sources of income, Octroi and the local body, major sources of income, but property taxes provide the highest revenue to the civic body. Through property taxes, PMC earns around Rs 1,400 crore to Rs 1,600 crore each year.

According to an official, PMC will initiate an arbitration route to resolve pending property tax issues. The civic body has taken up 10 cases of property tax issues in the court and will be disposed of via arbitration. The civic body hopes to raise Rs 35 crore from this initiative.

Image Source

Also read: Residential real estate demand infused by upcoming infra projects

Infrastructure Transport

15 Sep 2025

Cabinet Approves Key Highway and Rail Projects in Bihar Region

The Union Cabinet on Wednesday approved the four-laning of the 84.2-km Mokama-Munger section of the Buxar-Bhagalpur high-speed corridor, a key industrial region in poll-bound Bihar. The Cabinet also sanctioned the doubling of the 177-km Bhagalpur-Dumka-Rampurhat railway line, which passes through Bihar, Jharkhand, and West Bengal, at a cost of Rs 31.7 billion.The Rs 44.5 billion highway project will be constructed under the hybrid annuity model, a variant of public-private partnership. The Mokama-Munger stretch was the only remaining two-lane section of the 363-km Buxar-Bhagalpur corridor. Fou..

NGT Issues Notice on Bengaluru Twin Tunnel Project

The National Green Tribunal (NGT) on Wednesday issued notices in response to a petition filed by Bengaluru Praja Vedike and others, challenging the Bengaluru twin tunnel road project. Petitioners claim the project was “hastily announced” and bypassed mandatory environmental impact assessment procedures.Notices have been served to the Karnataka Government, Greater Bengaluru Authority, State Environment Impact Assessment Authority (SEIAA), Bengaluru Smart Infrastructure Ltd (B-SMILE), the Union Ministry of Environment, Forest and Climate Change, and project consultants.The 16.74-km twin-tube..

India’s Residential Sales to Dip Slightly in FY26

Residential sales in India’s seven major cities are projected to decline by up to 3 per cent year-on-year in FY26 to 620–640 million square feet (msf), amid a moderation in sales velocity, according to ratings agency Icra.In FY25, sales stood at 643 msf, down 8 per cent YoY, following a sharp contraction in new launches and moderated demand in the affordable and mid-income segments. This slowdown came after the sector posted a robust compound annual growth rate of 26 per cent in area sales between FY22 and FY24.Icra noted: “Having seen a strong upcycle, the sector entered an equilibrium ..