Delhi Civic Body Ends Cheque Payments

07 Jun 2024 CW Team

The Delhi Municipal Corporation's decision to discontinue cheque payments for property tax aims to streamline tax collection processes and encourage residents to embrace digital payment solutions. With the advancement of technology, digital transactions offer convenience, efficiency, and transparency in financial dealings.

This move aligns with the government's push for a cashless economy and promotes the use of online payment platforms. Residents can now conveniently pay their property taxes through various digital channels, including internet banking, mobile wallets, and online portals.

By transitioning away from cheque payments, the civic body aims to reduce administrative burdens associated with manual processing and enhance the overall efficiency of tax collection operations. This modern approach not only simplifies payment procedures for citizens but also reduces the risks associated with cheque processing, such as cheque bounce and delays in clearance.

Moreover, embracing digital payments aligns with global trends towards a more technologically driven economy, fostering financial inclusion and accessibility for all segments of society. This shift underscores the importance of adapting to evolving payment preferences and leveraging technology to enhance public services.

As the July 1 deadline approaches, the Delhi Municipal Corporation urges property owners to familiarize themselves with alternative payment options and make the necessary arrangements to ensure a smooth transition. This proactive measure reflects the civic body's commitment to embracing innovation and leveraging digital solutions for the benefit of its residents.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..