PCMC rakes in Rs 144 cr property tax in 3 months
The revenue collected has increased by Rs 32.22 crore this year as compared to the corresponding period, last year
Jul 04, 2013
Source : The Times of India


PUNE: The property tax department of the PimpriChinchwad Municipal Corporation (PCMC) has collected Rs 144.48 crore in the first three months of the financial year.

Bhanudas Gaikwad, assistant municipal commissioner and chief of the property tax department, said, “The civic body had appealed to the property holders to pay the tax amount for the entire year in advance to avail of various concessions. The revenue collected has increased by Rs 32.22 crore this year as compared to the corresponding period, last year.”

The civic body gives a 50% concession in general tax to ex-servicemen and freedom fighters, and women property holders who own a single property. As many as 2,223 ex-servicemen and 4,360 women property holders availed of the benefit, this year.

The civic body also gives a 10% concession in general tax to owners of residential properties and a 5% concession to owners of commercial and industrials properties if the tax amount for the year is paid in advance. A total of 1.62 lakh property holders have availed of this benefit, Gaikwad said.

The civic body has appealed to citizens to pay property tax for the first six months before September 30, failing which property owners will be charged 2% of the tax amount per month as penalty. The property tax department plans to collect Rs 317 crore in the current financial year.

Latest Realty News

Additional FSI sought for Pune housing societies for flood affected
Jul 04, 2013
PUNE: A group of residents have made a demand to the Pune civic administration that it should consider allotment of additional Floor Space Index (FSI) to housing societies for the flood affected people.
Omaxe to invest Rs 200 crore to set up five-star hotel
Jul 04, 2013
MUMBAI: Real estate firm Omaxe today said it will invest Rs 200 crore to set up a five-star hotel in New Chandigarh, where it is developing an integrated township.
DLF-Aman Resorts deal delayed due to funding issue
Jul 04, 2013
MUMBAI: DLF's cup of woes continues to overflow. The real estate giant is desperate to cut debt from its balance sheet, but the state of the market is so weak that previous agreements are coming apart.
How to buy a flat and not lose sleep in Mumbai
Jul 03, 2013
MUMBAI: the city where the dream of owning a cherished home can turn into a dreadful experience for the flat buyer. Mumbaikars have spent sleepless nights after authorities have ordered the demolition of their buildings for violations the residents were unaware of. The beleaguered residents of Worli’s Campa Cola compound, and those who later found that their buildings stood on forest land, are only two such examples.
No tax cuts, FSI sops for eco-friendly buildings in Maharashtra
Jul 03, 2013
MUMBAI: After dangling a carrot in front of developers and citizens to promote environment-friendly buildings, the state government seems to have yanked it away for now.
BMC will refund Rs 895 crore to citizens for extra property tax paid
Jul 03, 2013
MUMBAI: The Brihanmumbai Municipal Corporation (BMC) has to refund Rs 895 crore to citizens who have paid extra property tax based on provisional bills sent to them since 2010, before the final ones based on the capital value system were sent early this year.
For a good deal, go house hunting in the rain
Jul 02, 2013
MUMBAI: Is it a good idea to go house hunting on a rainy day? Well, for all you know, your efforts might pay off: One is likely to bag a good deal on a house during the monsoon.
Builders may have to register with Pune Municipal Corporation
Jul 02, 2013
PUNE: The Pune Municipal Corporation (PMC) is planning to start a mandatory registration process for builders so that they can be held accountable for constructions carried out within the PMC limits. No construction projects will be allowed without registration.
Décor options galore in the Mundhwa-Keshav Nagar stretch
Jul 02, 2013
PUNE:The Mundhwa-Keshav Nagar stretch offers land not only in abundance but also at affordable prices. The developers in this belt are offering numerous facilities with their projects such as:
BMC extends property tax payment date
Jul 02, 2013
MUMBAI: The due date for the payment of property tax bills is extended upto September 30 in respect of properties having final property tax bills higher than provisional property tax bills issued for the period 2010-11, 2011-12 and 2012-13 due to increase in taxes.

Latest Realty News Of State

Realty Talk's