Tag: Chhatrapati Sambhajinagar Municipal Corporation

Latest StoriesResidential

Sambhajinagar Residents Seek Property Tax Waiver Like Mumbai’s

CHHATRAPATI SAMBHAJINAGAR: Local citizen groups are advocating for property tax relief akin to that enjoyed by residents of Mumbai, where exemptions apply for properties up to 700 square feet. Rajendra Datey Patil from the ‘People’s Forum for Social Cause’ has formally requested a property tax waiver for homes up to 1,000 square feet in Chhatrapati Sambhajinagar through a memorandum submitted to the state government. “Although this proposed waiver could affect the municipal corporation’s finances, alternative funding sources can be explored to address the shortfall. We anticipate that the municipal corporation will pass a resolution in favor of this waiver and…

IndustryLatest Stories

Sambhajinagar Extends Property Tax Amnesty to October End

CHHATRAPATI SAMBHAJINAGAR: The Chhatrapati Sambhajinagar Municipal Corporation (CSMC) has extended its property tax amnesty scheme until the end of October. Now, property owners can benefit from a 50% discount on penalty charges. Municipal Commissioner G. Shreekanth stated, “The initial response to the amnesty was tremendous, with many property owners settling their dues. This initiative significantly boosted revenue for the civic body. Given the demand to continue, we have decided to extend the scheme to the end of October.” The scheme, originally launched from July 15 to August 31 with a 95% penalty waiver, was first extended to September 17 with…

InfrastructureLatest Stories

Maharashtra Cabinet Approves ₹2,000 Crore Loan for Urban Projects

MUMBAI: The state cabinet approved borrowing Rs 2,000 crore from the Housing and Urban Development Corporation Ltd (Hudco) on Tuesday to fund various municipal projects under the Urban Infrastructure Development Loan Scheme. An official stated, “This decision will facilitate raising Rs 822 crore for the Chhatrapati Sambhajinagar Municipal Corporation’s water supply project, Rs 268.84 crore for four sewage projects in the Nagpur Metropolitan Region, and Rs 116.28 crore for Mira Bhayandar Municipal Corporation’s water supply project.” “Several projects funded by the centrally sponsored Amrut 2.0 Mission, Swachh Bharat Mission 2.0, and the Maharashtra Golden Anniversary Urban Upliftment Mission are in…

Latest StoriesRegulatory

CSMC Recovers ₹82 Crore in Property Tax via Amnesty Scheme

CHHATRAPATI SAMBHAJINAGAR: The Chhatrapati Sambhajinagar Municipal Corporation (CSMC) has prolonged its amnesty scheme until the end of August. Originally set to end on August 15, the scheme successfully helped recover ₹82.6 crore in property taxes from defaulters. The “Freedom from Penalty” amnesty scheme offers property owners a significant 95% discount on late payment charges for a one-time settlement of their dues. Initially applicable only to residential properties, the program has since expanded to include commercial and industrial properties. “From July 15 to August 15, 37,259 property owners took advantage of this scheme. We encourage remaining defaulters to follow suit and…

IndustryLatest Stories

CSMC Expects Revenue Boost from Property Amnesty in Chhatrapati Sambhajinagar

CHHATRAPATI SAMBHAJINAGAR: The Chhatrapati Sambhajinagar Municipal Corporation (CSMC) anticipates a significant revenue increase this financial year due to the expansion of its property tax amnesty scheme. Initially limited to residential properties, the scheme has now been extended to include commercial and industrial properties as well. Under the updated scheme, named Freedom from Penalty, residential property owners can benefit from a 95% discount on late fees if they settle their dues in full by August 15. Those making payments between August 16 and September 15 will be eligible for a 75% discount. The Municipal Commissioner, G Shreekanth, implemented this scheme using…