Pune, 1st January 2024: In an effort to recover outstanding property taxes, the Pune Municipal Corporation (PMC) has announced that it will disconnect the water supply for defaulters starting from 1st January 2024.
Property TaxPune Municipal CorporationWater SupplyTax DefaultersCivic ServicesReal Estate PuneJan 01, 2025
The Pune Municipal Corporation (PMC) is the administrative body responsible for managing the civic and infrastructure needs of the city of Pune, India. It is tasked with ensuring the timely collection of property taxes, which are crucial for funding various civic projects and services.
The PMC is disconnecting water supply for property tax defaulters as a measure to recover outstanding property taxes. This is necessary to ensure the financial stability of the corporation and the continued delivery of essential services to the residents of Pune.
The water supply will be disconnected for defaulters starting from 1st January 2024, after a one-month grace period during which they can regularize their payments.
Yes, certain categories of taxpayers, such as low-income households and senior citizens, will be exempt from the disconnection if they provide valid proof of their status.
The PMC plans to implement a more robust system for property tax collection, including the introduction of digital payment methods, regular audits, and enhanced communication with taxpayers. They are also considering partnerships with local organizations to create awareness about the importance of property tax payments.
PropertyShare, a leading provider of fractional ownership in commercial real estate in India, has launched Alt, a platform offering individual investors access to alternative assets. The platform includes high-yield securitised real estate, private UK war
The global phenolic resin market is facing a significant downturn as prices decline sharply due to a mismatch between supply and demand. Data from major industry players indicate a 38.8% year-on-year drop in sales for the first nine months of the year, re
Raymond, a leading textile and clothing brand, has ventured into a significant real estate project in Mumbai. This joint venture aims to develop a housing project with a gross development value of Rs 5,000 crore, bringing the company's total real estate portfolio close to Rs 40,000 crores. This move underscores the company's strategic expansion into the lucrative housing market.
The costs associated with European residency programs have seen a significant rise in recent years. Real estate is no longer an eligible investment, and applicants are now required to invest in funds that support local businesses. Here’s what you need to
Hyderabad's strategic location, government-backed initiatives, and the creation of IT hubs and SEZs have made it a lucrative investment destination, significantly boosting the real estate sector.
Pune's metro expansion from PCMC to Nigdi is set to revolutionize public transportation, bringing a new level of convenience and sustainability to the city. The project, approved by the traffic police, aims to alleviate traffic congestion and promote sust