BMC notices Mumbai Metro contractors for Rs 3.7- bn tax
RAILWAYS & METRO RAIL

BMC notices Mumbai Metro contractors for Rs 3.7- bn tax

The assessment and collection department of the Brihanmumbai Municipal Corporation (BMC) issued a notice to contractors working on the Mumbai Metro rail project. The notice stated that they had failed to pay property tax amounting to over Rs 3.7 billion. It was mentioned by the BMC that, due to ongoing Metro construction activities at various locations, the contractors were responsible for paying property tax for the casting yard plot.

Delays in payment were reported, and notices were served to companies including HCC ? MMC, CEC ? ITD, Doga Soma, and L&T. It was informed that in March 2022, the BMC had seized 24 properties of Mumbai Metro One, including Azad Nagar, Versova, and DN Nagar metro stations, due to non-payment of property tax since the commencement of operations.

It was also stated that the BMC had managed to collect Rs 22.13 billion in property tax so far, out of its target of Rs 45 billion for the fiscal year 2023-24. Property tax was noted as the second-highest revenue source for the municipal corporation. The BMC mentioned that it was prioritising the recovery of pending property tax. Notices had been issued to several contractors involved in the Mumbai Metro Rail project, and the names of contractors who were yet to fulfil their property tax obligations for the casting yard had been publicly disclosed.

The assessment and collection department of the Brihanmumbai Municipal Corporation (BMC) issued a notice to contractors working on the Mumbai Metro rail project. The notice stated that they had failed to pay property tax amounting to over Rs 3.7 billion. It was mentioned by the BMC that, due to ongoing Metro construction activities at various locations, the contractors were responsible for paying property tax for the casting yard plot. Delays in payment were reported, and notices were served to companies including HCC ? MMC, CEC ? ITD, Doga Soma, and L&T. It was informed that in March 2022, the BMC had seized 24 properties of Mumbai Metro One, including Azad Nagar, Versova, and DN Nagar metro stations, due to non-payment of property tax since the commencement of operations. It was also stated that the BMC had managed to collect Rs 22.13 billion in property tax so far, out of its target of Rs 45 billion for the fiscal year 2023-24. Property tax was noted as the second-highest revenue source for the municipal corporation. The BMC mentioned that it was prioritising the recovery of pending property tax. Notices had been issued to several contractors involved in the Mumbai Metro Rail project, and the names of contractors who were yet to fulfil their property tax obligations for the casting yard had been publicly disclosed.

Next Story
Resources

Skyview by Empyrean is Making Benchmarks in the Indian Ropeway Industry

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

Next Story
Technology

Creativity is for Humans, Productivity is for Robots!

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Next Story
Infrastructure Urban

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Bhartiya Urban has launched Bhartiya Converge, its latest business venture designed to become India’s premier platform for enabling Global Capability Centres (GCCs). The initiative offers an integrated ecosystem aimed at helping global clients gain a competitive edge in today’s rapidly evolving business environment. Focused on enhancing turnaround time and operational efficiencies, the company seeks to deliver better business outcomes powered by top-tier talent. Bhartiya Converge presents a customised and integrated suite of microservices that addresses the nuanced and evolving operational..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?