The Pune Municipal Corporation (PMC) has identified a significant number of properties owned by both the Central and State governments as tax defaulters. This includes 59 Central government properties and 287 State government properties, alongside private
Property TaxPune Municipal CorporationTax DefaultersGovernment PropertiesReal EstateReal Estate PuneFeb 04, 2025

The Pune Municipal Corporation (PMC) is responsible for the civic needs and infrastructure of the city of Pune. It handles urban planning, waste management, public health, and property tax collection, among other responsibilities.
The audit by the PMC has identified 59 properties under the Central government and 287 properties under the State government as tax defaulters.
The PMC has implemented measures such as sending notices, conducting property inspections, imposing penalties, and launching public awareness campaigns to address the issue of property tax defaulters.
The non-payment of property taxes by government properties results in a loss of revenue for the PMC, which is crucial for funding essential services and infrastructure projects. It also sets a poor precedent for other property owners.
The impact of property tax defaulters, including government and private entities, is a significant financial strain on the PMC. This can lead to reduced funding for essential services and infrastructure projects, affecting the overall development and well-being of the city.

Arvind SmartSpaces Limited announces its Q1 FY25 financial results, boasting a 49% YoY growth in bookings and a 21% increase in collections.

In a significant development, a PCMC contract worker has been arrested in a bribery case, while the water inspector remains on the run. The incident has raised concerns about corruption in public services in Pune, a city known for its rapid growth in real

Country Garden, one of China's largest real estate developers, has reported a significant drop in sales for January, exacerbating the company's ongoing challenges in the volatile property market.

Mumbai: Alt, the holding company for Property Share, a leading platform in fractional real estate ownership, is set to raise Rs 2.8K crore. This move is expected to further boost the company's market presence and expand its innovative real estate solution

Pune's real estate market witnessed an 8% Year-on-Year decline in property registrations in January 2025, with a total of 16,330 properties registered. Despite this, stamp duty collections remained steady at ₹590 crore.

The state government has announced plans to build a specialized cancer hospital in Pune, a city with a rapidly growing population and increasing number of cancer patients. This move is expected to significantly enhance healthcare services and provide much