In a significant move to tackle property tax defaults, the Mumbai Municipal Corporation (BMC) has seized the land of two developers who owe ₹21.63 crore in unpaid taxes. This action is part of a broader initiative to recover outstanding dues and ensure co
MumbaiProperty TaxBmcReal EstateDevelopersReal Estate MumbaiMar 11, 2025
The total amount of property tax arrears owed by the two developers is ₹21.63 crore.
The BMC seized the land of these developers because they had been ignoring multiple notices and demands for payment of their property tax arrears.
If the developers fail to clear their dues within the stipulated time, their land will be put up for auction, and the proceeds will be used to offset the outstanding tax liabilities.
Property tax is a crucial source of revenue for the BMC, funding essential services and infrastructure projects in the city.
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