Tag: AMC

IndustryLatest Stories

Ahmedabad’s 50% Discount on Leases Leads to ₹23 Crore Loss

AHMEDABAD: The Ahmedabad Municipal Corporation (AMC) has reported a loss of Rs 23 crore due to the temporary leasing of plots at a 50% discount based on new jantri rates. The AMC leases reserved plots throughout the city to builders, traders, social organizations, and companies, applying new jantri rates for these plots. However, a 50% discount is factored into the total rent calculated. On Friday, the AMC’s estate department proposed to increase the temporary plot rent from 50% to 65% of the new rate, but this proposal was rejected by the standing committee. The state government announced on February 4,…

IndustryLatest Stories

Tax Scam Affects 1,000 Residents in Ahmedabad

AHMEDABAD: Picture waking up to a hefty property tax bill from the civic body, demanding payment for something you believed was settled long ago. This is the alarming reality for numerous residents in Ahmedabad, entangled in a “property tax scam.” This scam, affecting all city zones but particularly impacting the West Zone, has left over 1,000 property owners—who had settled their dues—receiving alarming bills from the Ahmedabad Municipal Corporation (AMC), some amounting to lakhs of rupees. This issue has been concealed for nearly five years. A senior AMC official suspects a group of touts or agents, who assisted citizens in…