Visakhapatnam Civic Body Extends Relief, Waives Off Interest on Property Tax
Real Estate

Visakhapatnam Civic Body Extends Relief, Waives Off Interest on Property Tax

The civic body in Visakhapatnam has taken a compassionate step by waiving off interest on property tax, extending financial relief to property owners in the region. This initiative is aimed at alleviating the financial burden on residents and fostering a sense of community support amid ongoing challenges.

The decision to waive off interest on property tax comes as a responsive measure to acknowledge the economic difficulties faced by property owners. This move is expected to provide immediate relief and contribute to easing the financial concerns of individuals and businesses in Visakhapatnam.

The civic body's decision aligns with broader efforts to support the community during unprecedented times, recognizing the economic strain experienced by property owners. Such measures play a crucial role in fostering a positive relationship between local authorities and residents, showcasing a proactive approach to addressing the financial impact of external factors.

As Visakhapatnam residents grapple with economic challenges, the civic body's decision to waive off interest on property tax reflects a commitment to community welfare. It demonstrates the importance of local governance in understanding and responding to the immediate needs of residents, ultimately contributing to the overall well-being of the community.

The civic body in Visakhapatnam has taken a compassionate step by waiving off interest on property tax, extending financial relief to property owners in the region. This initiative is aimed at alleviating the financial burden on residents and fostering a sense of community support amid ongoing challenges. The decision to waive off interest on property tax comes as a responsive measure to acknowledge the economic difficulties faced by property owners. This move is expected to provide immediate relief and contribute to easing the financial concerns of individuals and businesses in Visakhapatnam. The civic body's decision aligns with broader efforts to support the community during unprecedented times, recognizing the economic strain experienced by property owners. Such measures play a crucial role in fostering a positive relationship between local authorities and residents, showcasing a proactive approach to addressing the financial impact of external factors. As Visakhapatnam residents grapple with economic challenges, the civic body's decision to waive off interest on property tax reflects a commitment to community welfare. It demonstrates the importance of local governance in understanding and responding to the immediate needs of residents, ultimately contributing to the overall well-being of the community.

Next Story
Technology

We’re building robots that flow, not just move

Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company’s origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why ‘Flo’ and not ‘Flow’?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, ‘mobility’ naturally became part of the name. We wanted to co..

Next Story
Real Estate

We’re committed to setting benchmarks in sustainable luxury living

From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned® philosophy. K T Jithendran, Managing Director & CEO, outlines the company’s premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..

Next Story
Infrastructure Urban

Mumbai’s land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai’s urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?