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.
Bollywood stars have been making headlines for their investments in both residential and commercial real estate, particularly in luxury projects across Mumbai. Here’s why these celebrities are choosing to put their money into property rather than other in
The Indian real estate sector is experiencing a significant upswing, driven by robust demand in key cities such as Bangalore, Hyderabad, and Mumbai. This growth is attributed to various factors, including favorable government policies, improving infrastru
Emami Realty, the prominent real estate player in India, has announced its ambitious plan to develop 22 million square feet of residential and commercial spaces over the next seven years, with an estimated revenue potential of Rs 15,000 crore.
Despite a slight revenue miss, Acres Commercial Realty managed to surpass Q4 2024 EPS forecasts, reflecting the company's resilience in the face of broader market trends affecting the commercial real estate sector.
In a groundbreaking partnership, Maestro Realtek and GS Group have come together to transform Pune's commercial real estate landscape with the iconic Kesnand Road Project.
Uday Kotak, the billionaire businessman, and his family have made a significant investment in real estate by purchasing a high-end residential property worth Rs 202 crore at Mumbai’s prestigious Worli Sea Face.