The Brihanmumbai Municipal Corporation (BMC) has taken a strict stance against 500 defaulters, including prominent developers, for non-payment of property taxes. The civic body has issued notices to attach their properties if the dues are not settled with
MumbaiProperty TaxesBmcDefaultersDevelopersReal Estate MumbaiJan 18, 2025

The BMC is targeting property tax defaulters to recover unpaid taxes, which are crucial for funding essential civic services and infrastructure projects. Non-payment of property taxes has been a significant financial strain on the corporation.
The BMC has targeted 500 defaulters, including several prominent developers, for non-payment of property taxes.
The BMC has issued notices to these defaulters, warning that their properties will be attached if the outstanding dues are not settled within 90 days.
According to BMC data, the 500 defaulters collectively owe over 100 billion rupees in property taxes.
The initiative is widely supported by citizens and experts, who believe it will help improve the city's financial health and ensure fairer distribution of civic services.

Stay updated with the latest gold prices for 10 grams of 22-carat gold in major Indian cities across India.

Listed real estate developer Indiabulls Real Estate Limited has undergone a transformation, changing its name to Equinox India Developments Limited with effect from June 20, 2024.

The Enforcement Directorate (ED) has arrested Real Estate businessman Kamlesh Kumar in Ranchi under the Prevention of Money Laundering Act (PMLA).

Navneet Rana, a prominent political figure in Maharashtra, has announced that he will not contest in the upcoming Maharashtra Assembly elections. Instead, he is setting his sights on a membership in the Rajya Sabha. This decision comes after a series of s

Micromitti, a leading PropTech firm in Central India, is set to introduce Real Estate Investment Trusts (REITs), AIF Category 2 Real Estate Funds, and Private Equity (PE) investments, providing high-return opportunities for individual investors.

Property rates in Bhopal have increased by up to 200% in 243 locations, including prime areas like Arera Colony, 10 Number Market, and MP Nagar, sparking opposition from builders and developers.