Real Estate Mumbai
Mumbai Property Tax Rates Unchanged, but Bills Rise Due to Ready Reckoner Revision
The Brihanmumbai Municipal Corporation (BMC) confirms no increase in property tax rates for 2025-26, but residents are seeing higher bills due to the revision in ready reckoner rates. The changes come after a 10-year gap.
Real Estate Mumbai
BMC Faces Tough Revenue Generation Amid Real Estate Crisis
The Brihanmumbai Municipal Corporation (BMC) is struggling with revenue generation, especially after the real estate crisis and the waiving off of property tax for small houses. Despite a 55% increase in income in the first half of the decade, the second half saw a significant decline.
Real Estate Mumbai
Mumbai Property Tax Hike Up to 15%: Here’s What You Need to Know
The Brihanmumbai Municipal Corporation (BMC) has increased property tax by up to 15% for the year 2025-26, affecting over 9 lakh properties in Mumbai. However, some areas are experiencing even higher hikes.
Real Estate Mumbai
Mumbai BMC Increases Property Tax by up to 15% After a Decade
After almost a decade, the BMC has raised property tax rates by up to 15% for over 9 lakh properties in Mumbai for the 2025-26 fiscal year. This increase has been a point of contention among residents, with some areas experiencing hikes higher than the official 15%.
Real Estate Pune
Pune Residents Still Await 40% Property Tax Rebate Despite State Orders
Pune residents are facing financial strain as the Pune Municipal Corporation (PMC) has not applied the 40% property tax rebate, despite citizens submitting the required forms and documents.
Real Estate Mumbai
Navi Mumbai Introduces 10% ‘Early Bird’ Discount on Property Tax for Timely Payments
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.