Latest Realty News

Pay property tax even on holidays this month
May 10, 2014
PUNE: The civic administration has planned to keep the property tax payment facility open even on holidays this month, so that the maximum number of citizens can avail of the discount offered on payments made before May 31.
Pune Municipal Corporation launches new property tax website
May 02, 2014
PUNE: The property tax department of the Pune Municipal Corporation (PMC) has started its own website to help citizens resolve their property tax issues.
PMC launches new property tax website
Apr 28, 2014
PUNE: The property tax department of the Pune Municipal Corporation (PMC) has started its own website to help citizens resolve their property tax issues.
Notices, bands net Rs 310 crore property tax
Apr 07, 2014
PUNE: The Pimpri Chinchwad Municipal Corporation (PCMC) has collected an all-time high annual property tax of Rs 310 crore.
Notices, bands net Rs 310 crore property tax in Pune
Apr 07, 2014
PUNE: The Pimpri Chinchwad Municipal Corporation (PCMC) has collected an all-time high annual property tax of Rs 310 crore.
Civic staff will be held accountable for unassessed properties
Jan 21, 2014
PUNE: After the success of its drive to recover dues from defaulters of property tax, the Pune Municipal Corporation (PMC) has decided to make the ground level civic staff accountable for failing to identify properties that have not been assessed for tax.
PMC body earns Rs 670 crore from property tax
Jan 10, 2014
PUNE: The Pune municipal corporation (PMC) has earned around Rs 670 crore from property tax since the start of the current financial year i.e. April 2013.
PMC may not hike property tax next fiscal
Jan 06, 2014
PUNE: Chances are that citizens will not be burdened with an increase in property tax in the next financial year. The civic administration has submitted a proposal to the standing committee, suggesting that the levy should not be hiked.
Koregaon Park realty tops rate chart in Pune
Jan 06, 2014
PUNE: The rise in ready reckoner rates for 2014 may have dropped compared to 2013, but the growth story for some city areas remains robust. The rates for residential areas have remained high for Koregaon Park, Erandawane, Shivajinagar, Kothrud and Kalyaninagar. In Pimpri Chinchwad municipal corporation limit, areas including Pimple Gurav, Pimple Saudagar, Wakad and Pimple Nilakh have registered higher rates. Interestingly, apart from fringe areas that are recording growth, there is much activity
PMC may not hike property tax next fiscal
Jan 04, 2014
PUNE: Chances are that citizens will not be burdened with an increase in property tax in the next financial year. The civic administration has submitted a proposal to the standing committee, suggesting that the levy should not be hiked.
32,000 unassessed properties in Pune, Pimpri Chinchwad
Dec 14, 2013
PUNE: There are around 32,000 residential and comamercil properties unassessed for property tax in Pune and Pimpri Chinchwad, revealed two separate surveys conducted by the municipal corporations. Of the 32,000 properties, 10,000 are in Pune municipal limits, while the remaining is in Pimpri Chinchwad.
IT units to pay property tax at residential rate
Dec 10, 2013
PUNE: After chief minister Prithviraj Chavan gave assurance of giving rebate in the property tax for Information Technology (IT) units, the standing committee of Pune Municipal Corporation on Monday approved a proposal of charging property tax from upcoming IT industries at residential rates and not commercial rates.
Pune-based property tax system on cards
Dec 06, 2013
NAGPUR: The Nagpur Municipal Corporation (NMC) is all set to implement Pune Municipal Corporation's (PMC's) ready reckoner plus rental-based system to calculate property tax. "There will be upper and lower ceilings on increase or decrease of tax. It will not increase beyond double the monthly rent prevailing in the market nor will it fall below 50% of this amount," said NMC's tax committee chairman Girish Deshmukh.
Grievances later, pay property tax first, says PMC
Oct 25, 2013
PUNE: The civic administration, struggling to achieve the annual budget revenue target of Rs 4,167.5 crore, is now focusing on property tax collection. The administration has asked property owners to pay their taxes before approaching the civic body with tax-related grievances.
PMC to check 50k residential properties for commercial use
Oct 18, 2013
PUNE: Nearly 50,000 properties in the city will be screened from November for commercial use of residential properties. The civic administration hopes to increase property tax revenue by Rs 50 crore.

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