Over 20 government departments owe crores property tax

29 Sep 2023 CW Team

Municipal Corporation (MC) Commissioner Sachin Gupta convened a crucial meeting of the property tax branch on Tuesday, taking significant steps to address outstanding property tax dues. In a determined move, Commissioner Gupta ordered the issuance of notices to 22 government entities with a staggering outstanding amount of Rs 23.84 crore owed to the MC.

During the meeting, Commissioner Gupta sought an update on property tax collections from officials. It was revealed that between April and September, an encouraging sum of Rs 9 crore had been successfully collected from individuals who had previously defaulted on their property tax payments.

Officials provided insights into the entities that had failed to fulfill their property tax obligations. Some of the notable government departments with outstanding property tax dues include Tau Devi Lal Stadium, Power Grid, ITBP, Indian Institute of Soil Water Conservation, HSVP's Water Treatment Plant at Sector-1, and Moginand Police Colony. Additionally, several government departments find themselves in arrears exceeding Rs 10 lakh each. These include Gymkhana Club Sector 3, Shivalik Country Club, Red Bishop Tourism, Rajiv Gandhi Sports Stadium, Sector 6 HSVP office, Sector 1 District Court, Sector 20 Boosting Station, Government Youth Hostel Sector 3, and Lawyers Chamber Sector 1, among others.

The MC's decisive action to send notices to property tax defaulters, including government entities, underscores its commitment to ensuring financial compliance and equitable contributions to municipal revenue. This initiative reflects the MC's dedication to maintaining the financial health of the corporation while upholding accountability in property tax payments.

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..