Haryana Budget: 100% Interest Waiver on Property Tax Until Mar 2025


CHANDIGARH: Haryana Chief Minister Nayab Singh Saini announced a complete waiver on outstanding interest on property tax up to March 31, 2025, as part of the 2026-27 budget.

While presenting budget proposals in the State Assembly, Saini, who is also the finance minister, highlighted that over 41 lakh (41,70,749) property owners in urban areas have yet to pay their property tax along with the accrued interest.

In another key announcement, Saini stated that residential properties will continue to be charged water fees at Rs 1 per kiloliter.
Moving forward, metered residential properties covering up to 500 square yards will receive free water supply for up to 10 kiloliters per month, benefiting around 23 lakh households and offering annual relief of Rs 28 crore.

Saini also mentioned that there is an outstanding surcharge of approximately Rs 140 crore on water and sewerage bills, and proposed to waive this total surcharge for the year 2026-27.

A new Urban Green Fund of Rs 100 crore is set to be introduced for large-scale tree planting along parks, green belts, and major roads across all cities.

Additionally, five waste-to-energy plants, each with a capacity of 25 MW, are to be established in Faridabad, Gurugram, Manesar, the Jind-Hisar-Fatehabad cluster, and the Ambala-Panchkula Yamunanagar cluster.

As per a 2011 notification, industrial units are charged a garbage user fee of Rs 0.50 per square meter of total plot area. However, units that handle in-house processing and scientific disposal of their waste will now be exempt from this charge. For other industrial units, charges will be applied only to the covered area moving forward.

Saini remarked on the narrow access roads present in several licensed colonies in Gurugram, causing difficulties for families.
He assured that a permanent solution will be explored during 2026-27.

To boost infrastructure and encourage industrial growth in selected cities, Saini proposed establishing a special fund called ‘Saksham’ with an initial allocation of Rs 500 crore.

The Haryana State Industrial & Infrastructure Development Corporation plans to implement a ‘Land on Lease’ policy for industrial plots in FY 2026-27. This policy will offer long-term leases with options for freehold conversion if needed.

To facilitate the establishment of new industries and expedite the operationalization of units, HSIIDC will develop ready-built factories and sheds equipped with plug-and-play facilities in key industrial zones.

A Land Feasibility Certificate System will be introduced to enhance transparency in the investment process. Investors will obtain a digital certificate within 45 working days to ease the process of acquiring construction and environmental approvals.

In response to the long-standing requests from the textile sector in Panipat, Saini proposed establishing a Central-level Training Handloom Institute there.
“As a step forward, I propose that HSIIDC allocate 10 acres of land for the Indian Institute of Handloom Technology (IIHT),” he stated.

To create job opportunities and attract entrepreneurs to the State, Saini announced plans to develop the largest wholesale market complex in the country at Rai, along with North India’s most extensive marble market cluster.

The Export Freight Subsidy Support limit will be increased from Rs 10 lakh to Rs 30 lakh per unit, per year.
Additionally, MSME and Export Facilitation Desks will be set up in each district to provide comprehensive support for market linkages and facilitation.

  • Published On Mar 3, 2026 at 07:19 AM IST

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