+
Uttar Pradesh civic bodies collect Rs 31.02 bn in FY24
ECONOMY & POLICY

Uttar Pradesh civic bodies collect Rs 31.02 bn in FY24

The urban development department celebrated a significant milestone as the 17 municipal corporations of the state reported a 33% surge in revenue collection, totalling Rs 31.02 billion during the 2023-24 financial year, compared to Rs 23.40 billion in the previous year.

It was noted that Lucknow and Kanpur experienced a notable increase in tax collection, largely attributed to the adoption of technology-driven solutions for tax retrieval from the urban populace. Lucknow Municipal Corporation, including the Jal Kal department, reported the highest revenue increase, rising from Rs 6.87 billion in the previous year to Rs 9.04 billion, while Kanpur saw its revenue climb from Rs 3.98 billion to Rs 5.34 billion. Municipal bodies governing Moradabad, Firozabad, and Mathura witnessed an approximate 70% rise in annual revenue compared to the preceding financial year.

Principal Secretary of the urban development department, Amrit Abhijat, commented that a cumulative framework, GIS-based database, and exploration of new avenues were the primary areas of focus assigned to municipal commissioners to enhance revenue collection.

In a first for the state, incentive-based schemes were introduced, motivating officials leading urban local bodies to perform better. Lucknow and Kanpur led in overall revenue collection, followed by Ghaziabad (Rs 3.50 billion), Prayagraj (Rs 2.53 billion), Agra (Rs 2.15 billion), Varanasi (Rs 1.66 billion), Meerut (Rs 1.21 billion), Moradabad (Rs 940 million), Aligarh and Bareilly (both Rs 840 million), Gorakhpur (Rs 690 million), Saharanpur (Rs 510 million), Jhansi (Rs 470 million), Mathura (Rs 420 million), Ayodhya (Rs 360 million), Firozabad (Rs 310 million), and Shahjahanpur (Rs 210 million).

While house and water taxes remained the primary sources of revenue, tax inspectors deployed in Ghaziabad conducted a comprehensive survey of outdoor advertising billboards and hoardings, resulting in the collection of Rs 180 million from the operating companies.

The urban development department celebrated a significant milestone as the 17 municipal corporations of the state reported a 33% surge in revenue collection, totalling Rs 31.02 billion during the 2023-24 financial year, compared to Rs 23.40 billion in the previous year. It was noted that Lucknow and Kanpur experienced a notable increase in tax collection, largely attributed to the adoption of technology-driven solutions for tax retrieval from the urban populace. Lucknow Municipal Corporation, including the Jal Kal department, reported the highest revenue increase, rising from Rs 6.87 billion in the previous year to Rs 9.04 billion, while Kanpur saw its revenue climb from Rs 3.98 billion to Rs 5.34 billion. Municipal bodies governing Moradabad, Firozabad, and Mathura witnessed an approximate 70% rise in annual revenue compared to the preceding financial year. Principal Secretary of the urban development department, Amrit Abhijat, commented that a cumulative framework, GIS-based database, and exploration of new avenues were the primary areas of focus assigned to municipal commissioners to enhance revenue collection. In a first for the state, incentive-based schemes were introduced, motivating officials leading urban local bodies to perform better. Lucknow and Kanpur led in overall revenue collection, followed by Ghaziabad (Rs 3.50 billion), Prayagraj (Rs 2.53 billion), Agra (Rs 2.15 billion), Varanasi (Rs 1.66 billion), Meerut (Rs 1.21 billion), Moradabad (Rs 940 million), Aligarh and Bareilly (both Rs 840 million), Gorakhpur (Rs 690 million), Saharanpur (Rs 510 million), Jhansi (Rs 470 million), Mathura (Rs 420 million), Ayodhya (Rs 360 million), Firozabad (Rs 310 million), and Shahjahanpur (Rs 210 million). While house and water taxes remained the primary sources of revenue, tax inspectors deployed in Ghaziabad conducted a comprehensive survey of outdoor advertising billboards and hoardings, resulting in the collection of Rs 180 million from the operating companies.

Next Story
Infrastructure Energy

BLW Installs India’s First Removable Solar Panels on Railway Tracks

Banaras Locomotive Works (BLW) has commissioned India’s first removable solar panel system installed between railway tracks. The 70-metre-long pilot installation comprises 28 solar panels with a combined capacity of 15 kWp.The project aims to promote sustainable energy adoption within railway operations and could significantly contribute to Indian Railways’ target of achieving net-zero carbon emissions by 2030 if deployed at scale.The system has been designed for flexibility, with solar modules mounted on concrete sleepers using epoxy resin and supported with rubber padding to absorb shock..

Next Story
Real Estate

Gaurs Group Acquires 12-acre Land on Yamuna Expressway

Gaurs Group has acquired a 12-acre land parcel on the Yamuna Expressway to develop a premium residential project with an investment of about Rs 14 billion. The upcoming development will feature high-rise luxury residences with integrated amenities designed for modern homebuyers, the company said.The developer, which launched its 250-acre Gaur Yamuna City township in 2014, said the project marked another milestone in its long-standing presence in the region. The township today houses more than 10,000 residents.“Our association with Yamuna Expressway goes beyond business, it is a commitment bu..

Next Story
Real Estate

360 ONE Asset acquires 50% stake in Pune mixed-use project for Rs 24 Bn

Wealth and asset management firm 360 ONE Asset has acquired a 50 per cent stake in the Bluegrass Business Park at Kalyani Nagar, Pune, from Brookfield Asset Management’s private real estate funds for Rs 24 billion. The deal was executed through 360 ONE’s real asset funds.Spread across seven acres off Pune-Ahmednagar Road, the property houses an operational one-million sq ft tower leased to Mastercard, while a second tower with a street retail component is under construction.Brookfield will continue to manage, develop and lease the asset. Both firms described the deal as a “first-of-its-k..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?