Navi Mumbai Municipal Corporation (NMMC) has introduced a 10% ‘Early Bird’ discount on property tax for early payments, along with several reforms to boost tax collections and administrative efficiency.
Property TaxNmmcNavi MumbaiEarly Bird DiscountTax CollectionReal Estate MumbaiMay 19, 2025
The ‘Early Bird’ discount is a 10% reduction on the general tax component for property owners who pay their 2025–26 property tax bills by June 30, 2025.
NMMC has set an ambitious target of Rs 1,200 crore for the 2025–26 fiscal year.
NMMC has implemented a single annual bill distribution system, replacing the earlier practice of distributing bills twice annually.
Residents can pay their property tax through net banking, UPI, debit and credit cards, and mobile wallets via the Bharat Bill Payment System (BBPS).
NMMC has involved women from self-help groups in the property tax bill distribution process to enhance public participation and outreach.
Over 100 housing societies in Pune are pushing for a single-window clearance system to expedite self-redevelopment proposals for buildings older than 30 years.
Geetanjali Homestate's latest report reveals notable growth trends in average property prices across key markets in India, with Pune and Bangalore leading the way.
Manushi Chhillar joins Geetanjali Homestate as brand ambassador to boost real estate market presence.
NBCC moves to develop and complete 17 stalled Supertech projects, benefiting 27,000 home buyers. The state-owned company has filed an intervention application in the Supreme Court, proposing to take over the projects.
Real estate investors often face low returns on investment when dealing with large properties. However, the coastal areas of Andhra Pradesh, especially Visakhapatnam, offer a high ROI due to booming demand and strategic development.
Arjun Kandhari, a visionary leader in the real estate sector, was recently honored with the prestigious Udyog Ratna Award. The award, presented by Maharashtra Minister Nitesh Rane, recognizes Kandhari's exceptional contributions to the industry and his co