Ulhasnagar Mayor nods Abhay Yojana scheme for property tax holders
Real Estate

Ulhasnagar Mayor nods Abhay Yojana scheme for property tax holders

The Ulhasnagar property tax holders will obtain some relaxation in property tax payment as the Urban development minister Eknath Shinde permitted the Abhay Yojana scheme for a month.

Under the scheme, the Ulhasnagar Municipal Corporation (UMC) will render a rebate of up to 100% on the penalty amount of arrears of property tax. Property tax is one of the significant sources of income for the corporation.

The scheme will additionally assist UMC to obtain income as the civic body is facing a shortage of funds as this year due to non-collection of property tax, the civic body is currently unable to pay even the salaries of some of the staff.

The decision to execute Abhay Yojana was taken on Monday, after Mayor Leelabai Ashan and her son Arun Ashan with some other corporators met with Eknath Shinde in Mantralaya.

Mayor Leelabai Ashan told the media that the scheme will assist property tax holders as they will get a discount of up to 100% on their penalty amount and it will also help civic bodies to improve the revenue of civic bodies which are encountering a shortage of funds.

Earlier, several political parties and traders association in the city had demanded UMC to begin the Abhay Yojana scheme for property tax holders in the city as many people who are encountering a shortage of funds due to Covid-19 this year are unable to pay their property taxes.

Ex-deputy mayor Jeevan Idnani has appealed to people to take advantage of this chance by paying property tax during the scheme period.

Image Source

Also read: GMC eyes Rs 80 crore more revenue via property tax

The Ulhasnagar property tax holders will obtain some relaxation in property tax payment as the Urban development minister Eknath Shinde permitted the Abhay Yojana scheme for a month. Under the scheme, the Ulhasnagar Municipal Corporation (UMC) will render a rebate of up to 100% on the penalty amount of arrears of property tax. Property tax is one of the significant sources of income for the corporation. The scheme will additionally assist UMC to obtain income as the civic body is facing a shortage of funds as this year due to non-collection of property tax, the civic body is currently unable to pay even the salaries of some of the staff. The decision to execute Abhay Yojana was taken on Monday, after Mayor Leelabai Ashan and her son Arun Ashan with some other corporators met with Eknath Shinde in Mantralaya. Mayor Leelabai Ashan told the media that the scheme will assist property tax holders as they will get a discount of up to 100% on their penalty amount and it will also help civic bodies to improve the revenue of civic bodies which are encountering a shortage of funds. Earlier, several political parties and traders association in the city had demanded UMC to begin the Abhay Yojana scheme for property tax holders in the city as many people who are encountering a shortage of funds due to Covid-19 this year are unable to pay their property taxes. Ex-deputy mayor Jeevan Idnani has appealed to people to take advantage of this chance by paying property tax during the scheme period. Image Source Also read: GMC eyes Rs 80 crore more revenue via property tax

Next Story
Real Estate

Mahindra Lifespaces Bags Rs 12.5 billion Redevelopment in Mulund

Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development arm of the Mahindra Group, has been appointed as the preferred developer for the redevelopment of a premium housing society in Mulund (West), Mumbai. The project will be developed across a 3.08-acre land parcel, with an estimated development value of approximately Rs 12.5 billion. Strategically located, the site enjoys proximity to major connectivity points—just 1.4 km from the upcoming Mumbai Metro Line 5 and 0.8 km from the Goregaon-Mulund Link Road. It also offers seamless access to the Eastern Expre..

Next Story
Infrastructure Urban

Snowman Adds Warehouses in Kolkata and Krishnapatnam

Snowman Logistics, India’s leading integrated temperature-controlled logistics company, has announced the commencement of operations at its two new state-of-the-art, owned cold storage facilities in Kolkata and Krishnapatnam. With these additions, the company’s total pallet capacity has reached 1,50,754, spanning 43 warehouses in 20 cities across the country. The newly operational Kolkata facility offers a storage capacity of 5,630 pallets, while the Krishnapatnam facility holds 3,927 pallets. These warehouses are equipped with advanced automation and infrastructure designed to enhanc..

Next Story
Resources

Noesis Enables IHCL Hotel Deal in Udupi–Manipal Corridor

NOESIS Capital Advisors, India’s leading hotel investment advisory firm, has successfully facilitated a landmark hospitality transaction in the Udupi–Manipal region of Karnataka. The deal involves the acquisition of a nearly completed, 130-key upscale hotel that will operate under one of the premium brands of IHCL, reinforcing NOESIS’ position as a preferred partner for strategic hospitality transactions across India. Strategically located on the Udupi–Manipal Highway, the 1.03-acre property will cater to business travellers, pilgrims and families visiting Manipal University. With..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?