亚博体育官网首页

Pune civic body starts assessment of metro properties
Real Estate

Pune civic body starts assessment of metro properties

The Pune Municipal Corporation (PMC) has commenced the process of collecting property taxes from the Metro railway authority. This move will involve levying taxes on 18 stations, two depots, and various other properties owned by the Maha Metro Rail Corporation. It is anticipated that the civic body will accrue approximately Rs 20 crore annually in taxes from the Metro authorities.

PMC officials have explained that the taxes will be calculated based on the annual rateable value of the properties in question. Ajit Deshmukh, the head of the PMC's property tax department, noted that property assessments are currently underway, and once the evaluation process is completed, the tax bills will be dispatched.

In recent months, revenue generated from tax collection has exceeded Rs 1,300 crore. The PMC faced a slight delay in tax bill distribution due to the announcement of the reintroduction of a 40% discount on self-occupied properties, which required the bills to be reprinted. The PMC's jurisdiction encompasses around 12 lakh properties, all of which are liable to pay property taxes. The civic administration incentivizes early tax payment by offering a special discount to taxpayers who settle their dues before May 31 each year.

This initiative to collect property taxes from the Metro railway authority reflects the PMC's ongoing efforts to ensure that all property owners contribute to the city's revenue, including major infrastructure entities like the Metro, thereby supporting the city's growth and development.

The Pune Municipal Corporation (PMC) has commenced the process of collecting property taxes from the Metro railway authority. This move will involve levying taxes on 18 stations, two depots, and various other properties owned by the Maha Metro Rail Corporation. It is anticipated that the civic body will accrue approximately Rs 20 crore annually in taxes from the Metro authorities. PMC officials have explained that the taxes will be calculated based on the annual rateable value of the properties in question. Ajit Deshmukh, the head of the PMC's property tax department, noted that property assessments are currently underway, and once the evaluation process is completed, the tax bills will be dispatched. In recent months, revenue generated from tax collection has exceeded Rs 1,300 crore. The PMC faced a slight delay in tax bill distribution due to the announcement of the reintroduction of a 40% discount on self-occupied properties, which required the bills to be reprinted. The PMC's jurisdiction encompasses around 12 lakh properties, all of which are liable to pay property taxes. The civic administration incentivizes early tax payment by offering a special discount to taxpayers who settle their dues before May 31 each year. This initiative to collect property taxes from the Metro railway authority reflects the PMC's ongoing efforts to ensure that all property owners contribute to the city's revenue, including major infrastructure entities like the Metro, thereby supporting the city's growth and development.

Next Story
Infrastructure Transport

PM to Inaugurate Revamped Begumpet Station on 22 May

Prime Minister Narendra Modi will inaugurate the newly redeveloped Begumpet Railway Station on 22 May. Upgraded at a cost of Rs 265.5 million, the project is part of the Amrit Bharat Station Scheme (ABSS), which is modernising stations across India.Begumpet Railway Station, under South Central Railway, is unique not only for its infrastructural overhaul but also for being fully staffed and operated by women. For over six years, a team of more than 20 women鈥攊ncluding station masters, ticket clerks, RPF constables, and booking staff鈥攈as managed the station.A model of the Indian Roller (Pala ..

Next Story
Infrastructure Urban

HP Cabinet Curbs Valley-Side Construction on NH in Shimla

The Himachal Pradesh cabinet has approved key amendments to the Town and Country Planning Rules, 2014, placing restrictions on construction along the valley side of national highways within Shimla Municipal Corporation limits. The decision, taken during a meeting chaired by Chief Minister Sukhvinder Singh Sukhu, is intended to protect the visual and ecological integrity of the region.Parliamentary Affairs Minister Harshvardhan Chauhan explained that as per the new guidelines, buildings must be constructed at least one metre below the road level to maintain the natural valley views.In a related..

Next Story
Infrastructure Transport

YEIDA to Develop Rs 4.5 Bn Electronics Hub Near Noida

The Yamuna Expressway Industrial Development Authority (YEIDA) has launched the process to appoint a consultant for designing and managing infrastructure development of a Rs 4.5 billion electronics technology hub in Sector 10, close to the upcoming Noida International Airport.Spanning 206 acres, the project is scheduled for completion by January 2028 and is expected to generate over 31,000 jobs鈥�11,000 direct and 20,000 indirect. Its strategic location near the Delhi-Mumbai Industrial Corridor, dedicated freight corridors, and the airport enhances its appeal to domestic and international elec..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement