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Navi Mumbai: Property Tax To Be Waived for Flats up to 500 Sq Ft, Says NMMC

Navi Mumbai Municipal Corporation has decided to waive property tax for flat owners living in apartments up to 500sq.ft. The waiver which is applicable to all flat owners irrespective of their income or status is expected to benefit around 1.5 lakh flat owners with an annual estimated cost of ₹100 crores. , Mumbai News, Times Now ....

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Property tax waiver on cards for Mumbai? CM Shinde moots exempting tax for flats upto 500 sq ft

Maharashtra Chief Minister Eknath Shinde has instructed officials to prepare a proposal for exempting property tax for flat owners residing in areas measuring up to 500 sq ft. ....

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Property tax waiver for flat owners of up to 500 sq.ft. flats in Navi Mumbai?

A similar waiver has been implemented in Mumbai since April 2022. ....

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Maha Cabinet approves property tax waiver on residential properties up to 500 sq ft in Mumbai

The Maharashtra cabinet on Wednesday approved a property tax waiver for residential units up to 500 sq ft for Mumbaikars. The move came just before the Brihanmumbai Municipal Corporation election and will benefit nearly 16 lakh residential homes in Mumbai. ....

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Activists demand property tax waiver, citing civic law

Activists demand property tax waiver, citing civic law
Activists demand property tax waiver, citing civic law
ByVijay ChavanVijay Chavan / Updated: Apr 19, 2021, 06:00 IST
Citing provision in municipal law, activists ask for property tax relief; PIC: MAHENDRA KOLHE
PMC reasons that it’s the only source of income, as other revenue generation avenues closed in lockdown
The COVID-19 pandemic and subsequent lockdown badly impacted the economy, with many losing lives, jobs and employment. The state government and civic authorities gave concession in stamp duties and also provided amnesty schemes to defaulter developers but refused to provide any relief in property taxes.
The Pune Municipal Corporation (PMC) also did not pay any heed despite demand from various citizens’ groups. PMC reasoned that it is the only major source of income to run the civic body. ....

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