Nagpur Body Collects Rs 836 Million in Property Tax as Scheme Ends

07 Jan 2025 CW Team

The Nagpur Municipal Corporation (NMC) concluded its property tax rebate scheme on December 31, 2024, amassing Rs 836 million from 1,63,813 property owners between July 1 and December 31. The scheme offered a 10% rebate for online payments and 5% for offline payments, incentivising many to clear their dues. However, a significant number of taxpayers missed the opportunity.

Earlier in the financial year, NMC introduced higher rebates of up to 15% for online payments and 10% for offline payments for dues cleared before June 30, 2024. This earlier phase of the scheme resulted in Rs 768.5 million being collected from 1,58,735 taxpayers.

With a total of Rs 1.62 billion collected so far this fiscal, 322,000 of the city’s 740,000 property owners have availed of the rebate scheme. However, the remaining 417,000 taxpayers will now face a 2% monthly interest on outstanding dues.

The highest collection from July 1 to December 31 was recorded in the Nehru Nagar zone, with Rs 108.9 million contributed by 24,526 property owners, followed by the Ashi Nagar zone with Rs 95.1 million and Laxmi Nagar zone with Rs 87.2 million. The Dharampeth zone reported the lowest collection of Rs 47 million from 5,820 taxpayers.

Despite efforts to promote online payments, traditional methods remain popular. Between April 1 and December 31, only 36.15% of property owners chose online transactions, while around 195,000 taxpayers preferred cash payments.

NMC now faces the challenge of meeting its ambitious Rs 3.5 billion property tax revenue target for the 2024-25 fiscal. With Rs 1.62 billion collected to date, the civic body must recover Rs 1.87 billion in the remaining three months of the financial year.

(ET)

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..