Tag: Belagavi

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Belagavi: BCC’s Property Tax Hits ₹70.8 Crore, Still Short of Goal

BELAGAVI: The Belagavi City Corporation (BCC) collected ₹70.8 crore in property tax for the fiscal year 2025-26, marking a slight rise of ₹1.3 crore from the ₹69.5 crore collected in 2024-25. Despite this marginal increase, the civic body again fell short of its revenue target. The revenue department aimed for ₹78 crore this year, in addition to ₹11.4 crore from the previous year, resulting in a total target of ₹89.4 crore, which was not achieved. Officials, including City Corporation Commissioner Kartik M and Revenue Deputy Commissioner Sidhu Hulloli, made extensive efforts to boost collections. Multiple review meetings were conducted, specific…

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Karnataka’s Tier-II Buyers Boost Duplex Apartment Demand

HUBBALLI: Duplex apartments, once regarded as a luxury exclusive to major metropolitan areas, are gaining ground in cities like Hubballi, Belagavi, and Kalaburagi. While Bengaluru has traditionally been the leader in this trend, other cities are now reshaping urban living through duplex homes. By 2026, numerous developers are committing to these constructions in response to increasing client demand. Reports indicate a steady rise in buyer interest, prompting a receptive response from the real estate sector. In capital cities, lucrative rental yields motivate this trend, whereas tier-2 cities are seeing a growing preference for duplex units primarily for personal use. Pradeep…

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Belagavi Revises Property Tax Rates Effective April 1

BELAGAVI: The Belagavi City Corporation (BCC) has updated property tax rates effective April 1, aiming to generate an additional Rs 2-3 crore in annual revenue. The tax rate for residential properties will rise by 3%, while commercial and industrial properties, along with all types of real estate plots, will see an increase of 4%. Owners can benefit from a 5% discount if the total tax is paid by the end of April. According to BCC sources, there are currently over 1.5 lakh properties, including residential and commercial. Historically, these properties generated about Rs 75 to 80 crore annually in taxes,…

Latest StoriesResidential

Aadhaar Authentication Required for Property Registrations in Belagavi

BELAGAVI: District Commissioner Mohammad Roshan has mandated that all sub-registrars in the district must authenticate Aadhaar for all parties involved in property registration. This directive comes in response to a recent report by the Times of India, which uncovered a significant racket involving the creation and illicit use of duplicate Aadhaar numbers for property transactions through sub-registrar offices. In a related incident at the Udyambag police station, eight individuals were accused of impersonating legitimate property owners by using fake Aadhaar numbers to fraudulently transfer ancestral property from a family. This has sparked considerable public concern regarding the extent of the…

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Tenants Could Face ₹50,000 Fine for Illegal Subletting

BENGALURU: The Karnataka state government has announced major changes to the Rent Control Act of 1999, decriminalizing rental disputes while significantly increasing penalties, which may rise from 900% to 2,500%. The cabinet approved these amendments last week, and they will be presented during the winter session of the legislature in Belagavi. The amendments aim to align the state legislation with the central government’s Jan Vishwas Act, 2025, which decriminalizes minor offences while implementing penalties and warnings. Imprisonment clauses of up to one month related to rental disputes between tenants and landlords will be eliminated. Under the new amendments, penalties for…

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Belagavi civic body records ₹44.7 crore in Q1 property tax

BELAGAVI: The Belagavi City Corporation (BCC) has set an ambitious goal of collecting Rs 75 crore in property tax for the financial year 2025-26. So far, the civic body has collected Rs 44.7 crore in the first quarter, aided by a 5% rebate scheme that ended on June 30. This figure represents the highest Q1 property tax collection in the BCC’s history, attributed to an effective awareness campaign about the rebate and diligent efforts to stop revenue losses. With Rs 44.7 crore already in hand, the BCC aims to raise the remaining Rs 30 crore in the upcoming quarters to…