Tag: Bengaluru property tax auction

IndustryLatest Stories

Defaulters Pay ₹27 Lakh in Property Tax Before Bengaluru Auction

BENGALURU: Following the announcement of an auction for defaulters’ properties by the Greater Bengaluru Authority’s South city corporation, approximately 14 property owners in Bommanahalli hastily settled their long-standing dues, leading to a recovery of over ₹27 lakh. The impending threat of public auction seems to be motivating defaulters to pay off their arrears prior to bidding on their properties. This comes on the heels of seven properties being successfully sold in a recent auction held by the East and North city corporations. All five city corporations are moving forward with auctions targeting top tax defaulters as a final attempt to…

Latest StoriesRegulatory

Bengaluru Authority Auctions 7 Properties Over ₹437 Crore Tax Dues

BENGALURU: If you haven’t settled your property tax dues with the Greater Bengaluru Authority (GBA), be cautious—you might lose your unit in a public auction. In a significant move against defaulters, GBA auctioned off seven properties within the East and North City Corporation limits on Saturday to recover longstanding tax arrears. Despite numerous notices and recovery efforts by the former BBMP and the five new corporations under GBA, many property owners still fail to make tax payments. With tax dues reaching ₹437 crore across nearly 7,000 units in the city, authorities have decided to resort to property auctions as a…