Pune Sees Surge in Tax Discounts for Rainwater Harvesting

26 Aug 2024 CW Team

The municipal administration has offered a tax rebate of up to 10% for the installation of rainwater harvesting systems, as well as solar and vermicomposting units. However, the response to solar and vermicomposting units has been significantly higher compared to rainwater harvesting.

In 2012-2013, a total of 23,173 properties received tax discounts for all three categories—rainwater harvesting, solar, and vermicomposting. This number rose to 1,11,213 by 2022-2023, indicating a substantial increase in overall tax benefits claimed.

Despite these incentives, the adoption of rainwater harvesting systems remains lower than anticipated. In response to water scarcity issues highlighted in recent state assembly discussions, Deputy Chief Minister Devendra Fadnavis emphasized the need for mandatory rainwater harvesting systems in new constructions and called for a review of the current policy.

The Pune Municipal Corporation (PMC) has actively promoted rainwater harvesting since 2006, making it a requirement for all new building permissions. The PMC has also installed these systems in various public properties, including its headquarters, civic schools, ward offices, and hospitals.

With approximately 12.5 lakh properties in PMC areas liable for property tax, there is potential for wider adoption of rainwater harvesting. Around 2 lakh private properties have the capacity to install such systems, a number that could increase to around 3 lakh with the inclusion of newly merged areas.

PMC has also issued guidelines for commercial establishments, food joints, and educational institutions, urging them to focus on water recycling and reduce wastage. Nandkishor Jagtap, head of PMC's water supply department, stressed the importance of rainwater harvesting and proper maintenance of water tanks and taps to further conserve water resources.

Overall, while the increase in tax discounts is a positive step, broader adoption of rainwater harvesting remains crucial for addressing Pune's water scarcity challenges.

In Pune, the number of property owners receiving tax discounts for implementing rainwater harvesting has surged nearly tenfold over the past decade, although overall adoption remains limited. In the fiscal year 2012-2013, only 306 properties availed tax benefits specifically for rainwater harvesting. This number jumped to 3,716 by 2022-2023, reflecting a growing awareness and uptake of the practice.The municipal administration has offered a tax rebate of up to 10% for the installation of rainwater harvesting systems, as well as solar and vermicomposting units. However, the response to solar and vermicomposting units has been significantly higher compared to rainwater harvesting.In 2012-2013, a total of 23,173 properties received tax discounts for all three categories—rainwater harvesting, solar, and vermicomposting. This number rose to 1,11,213 by 2022-2023, indicating a substantial increase in overall tax benefits claimed.Despite these incentives, the adoption of rainwater harvesting systems remains lower than anticipated. In response to water scarcity issues highlighted in recent state assembly discussions, Deputy Chief Minister Devendra Fadnavis emphasized the need for mandatory rainwater harvesting systems in new constructions and called for a review of the current policy.The Pune Municipal Corporation (PMC) has actively promoted rainwater harvesting since 2006, making it a requirement for all new building permissions. The PMC has also installed these systems in various public properties, including its headquarters, civic schools, ward offices, and hospitals.With approximately 12.5 lakh properties in PMC areas liable for property tax, there is potential for wider adoption of rainwater harvesting. Around 2 lakh private properties have the capacity to install such systems, a number that could increase to around 3 lakh with the inclusion of newly merged areas.PMC has also issued guidelines for commercial establishments, food joints, and educational institutions, urging them to focus on water recycling and reduce wastage. Nandkishor Jagtap, head of PMC's water supply department, stressed the importance of rainwater harvesting and proper maintenance of water tanks and taps to further conserve water resources.Overall, while the increase in tax discounts is a positive step, broader adoption of rainwater harvesting remains crucial for addressing Pune's water scarcity challenges.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..