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.
Real estate developer Shriram Properties aims to boost its presence in mid-market and mid-premium segments in Bengaluru, Chennai, and Kolkata, with plans to enter Pune soon.
According to Knight Frank's data, property registrations in Mumbai have witnessed a 14% decline in September. The data, compiled from the Department of Registrations and Stamps, Maharashtra government, highlights a slowdown in the city's real estate marke
Migsun Janpath in Lucknow to Start Giving Possession. Bengaluru Property Registrations Drop 60% Due to e-Khata. Pune's Real Estate Market Faces Challenges.
Nimbus Projects, a microcap company in the construction and real estate industry, has been making headlines as its stock price reached an all-time high, marking a significant 51% increase in the past year.
Fueled by increasing homeownership preferences, low interest rates, and government incentives, the real estate sector is exhibiting promising signs of recovery, as seen in Suraj Estate Developers' recent financial performance.
As the online real estate market continues to grow, Zillow faces both opportunities and challenges. This SWOT analysis delves into the strengths, weaknesses, opportunities, and threats of the company in the highly competitive housing market.