The Pune Municipal Corporation (PMC) has taken stringent action against the Sinhagad Institute by sealing its premises due to a significant property tax dues amounting to Rs 266 crore.
PuneProperty TaxSinhagad InstitutePmcTax ArrearsReal Estate PuneMar 12, 2025
The Sinhagad Institute was sealed by the Pune Municipal Corporation (PMC) due to its failure to clear a property tax arrear of Rs 266 crore, despite multiple reminders and notices.
The Sinhagad Institute owes a property tax arrear of Rs 266 crore to the Pune Municipal Corporation (PMC).
The PMC has taken strict action by sealing the premises of the Sinhagad Institute and giving them a final deadline to clear the arrears.
The PMC has assured that the sealing will not disrupt the academic activities at the institute, and measures have been taken to ensure that students and faculty are not affected.
Property tax compliance is crucial for the city's development and the maintenance of essential services. Non-compliance can lead to reduced revenue for the municipal corporation, which affects the overall quality of life for residents.
Embassy Group, a leading real estate developer in India, has launched EMBARK, the nation’s first integrated platform designed to connect Indian businesses with the Gulf Cooperation Council (GCC) countries. This move is expected to revolutionize the real estate and business landscape.
In a significant development, Justice Gauri Godse of the Bombay High Court has stayed an order by the Real Estate Appellate Tribunal (REAT) that directed a developer to deposit Rs. 38.18 crore in a real estate dispute.
Bigdome Infra, a prominent real estate developer based in Maharashtra, has secured a prime piece of land in the emerging locality of Kamba, Kalyan-Dombivli, for a significant amount of ₹130 crore. This strategic acquisition is set to boost the company's p
Sterling Real Estate Trust, a prominent player in the real estate sector, has entered into a $10 million revolving note agreement to enhance its property investment capabilities. This strategic move is expected to bolster the Trust's financial flexibility
Get insights into the budget announcements for real estate and how the reduction in stamp duty can benefit you.
Uttar Pradesh CM Yogi Adityanath, speaking at the India Today Conclave 2025, elaborated on the state's strategy to leverage its rich cultural heritage and religious tourism to drive economic progress.