The Brihanmumbai Municipal Corporation (BMC) has announced plans to auction several properties with long-standing tax arrears, giving owners 21 days to settle outstanding amounts or face auctioning.
BmcProperty TaxAuctionMumbaiTax ArrearsReal Estate MumbaiSep 11, 2025
The 21-day deadline is the time period given to property owners to settle their outstanding tax dues and penalties. If they fail to do so, their properties will be auctioned.
The BMC is auctioning several properties with significant tax arrears, including Hotel Oakwood in Juhu, Shanti Sadan CHS in Chunabhatti, the Housing Bombay Commissioner’s property in Chembur, a property in C ward, and Rajani House in Borivali.
The BMC is auctioning these properties under section 200(2) of the Mumbai Municipal Corporation Act, 1888.
The total amount of tax arrears for Hotel Oakwood is ₹19.36 crore, which includes ₹8.31 crore in property tax and ₹11.04 crore in penalties.
If property owners do not settle their dues within the 21 days, their properties will be auctioned by the BMC to recover the outstanding amounts.
China's central bank maintains lending rate amid economic challenges, as factory output and real estate investments decline, while retail and vehicle sales show positive growth.
Real estate stakeholders demand government's focus on affordable housing in the upcoming budget
Get ready to experience the next generation of foldable smartphones with Samsung's Galaxy Z Fold 6 and Galaxy Z Flip 6, now available for pre-order in India.
Government allows indexation benefits in real estate, benefiting investors who purchased properties before July 23, 2024.
Tribeca Developers, the exclusive licensee of the Trump brand in India, is forging ahead with its ambitious plans to expand the Trump Towers brand in India, despite the controversies surrounding Donald Trump.
The rapid sale of flats under the DDA Housing Scheme highlights the pressing need for affordable housing options in metropolitan cities like Delhi.