Tag: Property tax in Pimpri Chinchwad

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50% Tax Waiver for PCMC Red Zone Properties Starting FY27

PUNE: The Pimpri Chinchwad Municipal Corporation (PCMC) decided on Tuesday to grant a 50% discount on the general tax for properties located in the red zone, starting from the next financial year. This move has sparked protests from numerous housing societies. The proposal for the tax waiver was approved in the PCMC’s standing committee and general body meetings. A senior official from the property tax department stated that the decision, effective April 1, 2026, pertains only to property owners who settle all outstanding dues. Pimpri Chinchwad Municipal Commissioner Shekhar Singh explained to TOI that the civic body currently struggles to…

Latest StoriesRegulatory

Pimpri Chinchwad Q1 FY26 Property Tax Collection Hits ₹522 Crore

PUNE: The Pimpri Chinchwad Municipal Corporation (PCMC) has set a record in property tax collection during the first quarter of the 2025-26 financial year. This accomplishment is largely attributed to the effective utilization of data from its “City Hub for Data Communication” (CHDC) project. In just 90 days, the PCMC collected ₹522 crore in property tax, surpassing 50% of the total tax revenue collected in the previous fiscal year. Last year, the civic body achieved the ₹500-crore milestone only by October. This strong start positions the PCMC to aim for an unprecedented annual collection. During the 2024-25 financial year, the…