Maharashtra removes tax on residential properties up to 500 sqft!

Posted on January 19, 2022 by zeeshan

On Saturday, New Year’s Eve, the Maharashtra government announced that it has completely removed property taxes for residential properties of up to 500 sqft in Mumbai.

Chief Minister Uddhav Thackeray announced the decision earlier in a meeting. According to the statement, CM has asked management to implement this decision immediately. On Saturday, Thackeray held a virtual meeting with Shinde, Mumbai district guardian Minister Aslam Sheikh, Mumbai suburban district guardian minister Aditya Thackeray, Mayor Kisori Pednekar and Chief Secretary Debashish Chakrabarti.

Eknath Shinde, Urban Development Minister quoted that, this tax waiver would benefit more than 16 lakh homes owners who live under 500 sqft in Brihanmumbai Municipal Corporation (BMC). Shinde said Shiv Sena, which rules the BMC, fulfilled an important guarantee he gave ahead of the 2017 BMC election.

The official said that after the launching of this scheme, BMC is expected to lose Rs 468 crore in revenue. BMC expected a property tax increase from Rs 6,738 crore in 2021-2021. But was able to raise Rs 4,500 crore due to the covid pandemic and the closure. BMC expects property tax of Rs 7,000 crore to be levied in 2021-2022.

Maha lawmaker lauds SC order on Campa Cola Society

Posted on November 13, 2013 by admin

Mumbai: Maharashtra State Assembly legislator Vinod Tawde lauded the Supreme Court of India’s verdict to say the demolition of illegal flats in Campa Cola Housing Society, South Mumbai, till May 31, 2014.

The state government is trying to act like a dictator and trying to save it self, added the legislator.

The NCP leader Tariq Anwar also welcomes the order and said the innocent public is suffering in the political ties in the country and also called for formulating proper rules to prevent such heinous acts.

There must be new construction rules need to be added and rules to be taken care off so that the innocent people might not suffer, the minister added.

Another NCP leader DP Tripathi said there should be a balance solution and the issue should be resolve through talks between the Govt and the residents.

The views of the regulatory class came after the apex court stayed the demolition of illegal flats, after taking notice from several media reports.

After the verdict came scenes of euphoria and bursting of fire crackers seen in the premises of Campa Cola. Before the order, the the Brihanmumbai Municipal Corporation(BMC) officials bulldozed its way inside the compound by breaking open the gate to gain access as the residents tried to block the entrance.

The apex court ordered officials of civic body not to go ahead with the demolition till May 31, 2014.

Residents were completely raging in anger and pleading for help, when the apex court verdict came as a relief for them.

With the pressure increasing on the State Government, CM Prithviraj Chavan sought legal help from the attorney general to save the homes.

The residents have declined to move out of the compound even as the deadline given by the Supreme Court to vacate the flats has ended.

The civic body decided to bring down 35 illegal floors in the seven high-rises in the compound after the Supreme Court refused to regularize them.

BMC grants 3-months more for paying property tax bills

Posted on March 14, 2013 by designer

Brihanmumbai Municipal Corporation (BMC) finally decided to grant three more months to the residents for paying the property tax bills.

BMC consoles the residents of Mumbai by extending deadline to pay the property tax bills.

Considering the large number of petitions filed by the residents of Mumbai, Brihanmumbai Municipal Corporation (BMC) finally decided to extend the last date to pay the property tax bills. Additionally the residents had conducted many protests in the city, with the support of many NGOs.

The residents of Mumbai finally had a good thing to appreciate BMC. The civic body was sharply criticized for its new property tax system. Complaints against the new property tax system were piled in the office of BMC.

As per the new property tax system, the citizens were to pay the property tax based on the capital value of their property. The bills calculated on the basis of capital values were sent to the citizens. Many of the citizens complained to the civic body that the bill system was partial. Continue reading →

New property tax of BMC, residents protest stongly

Posted on March 13, 2013 by designer

Residents of the city have decided to contest a protest against BMC which has recently announced its new property tax policy. As per the new property tax policy the property tax will be calculated on the basis of capital value.

New property tax plan of BMC, received severe discontent.

BMC’s decision to compute property tax on the basis of capital value of the property raised the anger of the city residents. The residents of over 35,000 housing societies have already decided to protest against the new property tax policy of BMC.

Some citizens’ groups and 40 Non-Government organizations will support and take part in the protest. They have planned to conduct a one-day hunger strike at Azad Maidan. They plan to conduct the hunger strike before the current session of BMC ends next month.

NGOs like the Bombay Catholic Sabha, Federation of Housing Societies, SOUL and Watchdog Foundation will partake in the protest. While addressing the media, the representatives of these NGOs said that they want the authorities to do away with the new system.

They demanded the authorities to go back to the old system. They claimed that the new property tax system has really upset the people. Continue reading →

BMC Increases Water-Supply: Construction May Get Boost

Posted on February 16, 2013 by designer

Providing relief to the residents of the city, finally Brihanmumbai Municipal Corporation- BMC has announced an increase in the amount of daily water supply.

BMC will increase water supply level giving relief to the residents of the city.

Builders in Mumbai finally had something to cheer and be joyous as they heard the news that the Brihanmumbai Municipal Corporation (BMC- also known as Municipal Corporation of Greater Mumbai) is increasing the amount of daily water supply.

BMC has announced an increase from 90 liters per head per day to 135 liters per head per day. The new level of water supply will be effective from October 1, announced BMC.

Up to last year, finding water for construction was the main concern for the builders. They really had to struggle to find sufficient water for housing constructions in the city. As the civic body increased the daily water supply, the builders will be able to find sufficient water for construction purposes.

In experts’ opinion the decision of BMC will be boosting housing industry to greater extents. However they are sure that the increase in daily water supply is not meant for the builders but for the residents.

BMC will make sure that all the leaking pipes in the city are either replaced or repaired.

For a long time, residents of the city had been suffering from acute shortage of water which is a basic necessity. Mr. Paras Gundecha, Maharashtra Chamber of Housing Industry (MCHI) Chief said that this news is a relief to the residents of the city who struggle with water-shortage.

Mr. Gundecha added that though the consumers are aware of the water shortage, they had no option but to complain about the shortage they faced as it is basic.

Last year, though BMC had promised to bring over 200 MLD of water supply to the city, it could not fulfill the promise due to inadequate rain which drained the water level of the Middle Vaitarna Dam.

A senior civic official from the water department revealed that this year adequate water will be collected and supplied in the city in abundance. The official added that BMC has considered changing old and corroded pipelines which cause the loss of lot of water while supplied.

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