Tag: Property tax in Pune

Latest StoriesRegulatory

Pune civic body falls ₹3,400 crore short of FY26 revenue goal

PUNE: The Pune Municipal Corporation (PMC) reported a total revenue of approximately Rs 9,200 crore for the fiscal year 2025-26, falling short of its Rs 12,600 crore target by nearly Rs 3,400 crore. The primary cause of this revenue deficit came from the building permissions department, which earned only Rs 2,341 crore, compared to its expected Rs 2,853 crore. Civic officials noted that challenges in recovering property taxes from newly merged areas and ongoing legal issues regarding land measurement have significantly hampered building permission grants. Activists criticized the administration for relying on amnesty schemes to boost revenue instead of effectively…

Latest StoriesResidential

50% Property Tax Discount for Women Owners in Pune

PUNE: Smaller property owners expecting tax concessions from the civic administration, as promised by political leaders, continue to wait. During the Pune Municipal Corporation (PMC) budget announcement, no general tax waiver for properties up to 500 square feet was mentioned, contrasting with the policies of the Brihanmumbai Municipal Corporation (BMC). The Bharatiya Janata Party (BJP) had included a tax waiver in its manifesto for the recent civic elections. However, the PMC has only offered a 50% discount for small properties, and this benefit applies exclusively to properties owned by women. Civic activists have deemed this announcement a betrayal of public…

Latest StoriesRegulatory

Pune: PMC Acts on 4,000 Bounced Cheque Cases for Property Tax

PUNE: The Property Tax Department of Pune Municipal Corporation (PMC) has issued a warning to property owners regarding strict legal consequences for dishonoured tax payment cheques, as the number of such cases has been rising. Civic officials reported that over 4,200 cheque bounce instances have been recorded this financial year. Following persistent follow-ups, about 3,600 owners have settled their payments. Now, the civic body plans to take legal action against the remaining 600 defaulters under the Negotiable Instruments Act, 1881, which governs cheque dishonour offences. Ravi Pawar, head of the PMC’s Property Tax Department, stated that despite numerous reminders, some…

InfrastructureLatest Stories

Panel to Address Property Tax Issues in Merged Pune Areas

PUNE: On Monday, Mayor Manjusha Nagpure announced the formation of a committee to address property tax concerns from citizens in merged areas. The committee will engage with representatives from these areas to formulate suggestions regarding property tax. The state government has halted property tax collection from these merged areas following citizen complaints about exorbitant taxes imposed on both residential and commercial properties. Mayor Nagpure stated that the Pune Municipal Corporation (PMC) would consult the state government on this matter. During the meeting, citizens and their representatives voiced that properties were being taxed excessively. They argued that taxes were assessed without…

Latest StoriesRegulatory

Pune to Seize 58 Properties for Tax Defaults

PUNE: The Pune Municipal Corporation (PMC) has initiated the process of attaching 58 properties, primarily commercial establishments, belonging to tax defaulters to meet its financial goal for the 2025-26 fiscal year, according to civic officials on Wednesday. “The civic administration is emphasizing action against significant tax defaulters. Special teams have been deployed for these confiscations,” stated Ravi Pawar, head of PMC’s property tax department. Data from PMC indicates that around Rs 5,500 crore is yet to be recovered from defaulters. While activists have praised the crackdown, they urge PMC to take more stringent actions, such as filing criminal complaints against…

Latest StoriesResidential

Pune Proposes 10% Property Tax Hike, Citizens Challenge It

PUNE: The Pune Municipal Corporation (PMC) has proposed a 10% property tax increase aimed at enhancing revenue. The standing committee is set to discuss this proposal in a meeting on Monday; currently, it comprises only civic officials due to the absence of a new general body of elected corporators. Citizens’ groups and activists are opposing this move, advocating for the administration to prioritize the recovery of dues from defaulters instead. “There are numerous large tax defaulters. Revenue generation is achievable if their dues are collected,” stated Prashant Badhe from Aple Pune, Apala Parisar, a citizens’ group. Vivek Velankar of Sajag…

Latest StoriesRegulatory

Pune civic body bags ₹713 crore from extended property tax amnesty

PUNE: Civic Commissioner Naval Kishore Ram announced on Monday that the property tax amnesty scheme has been extended until February 16. The Pune Municipal Corporation (PMC) reported collecting around ₹713 crore from tax defaulters during the initial two months of the scheme, which originally concluded on January 15. “The response to the scheme was positive. However, election-related factors impacted collections. This extension allows more property owners to take advantage of it,” Ram stated during a press briefing after the Standing Committee meeting. Additionally, Ram noted that the administration is in the final stages of preparing the municipal budget for 2026–27,…

IndustryLatest Stories

Pune Civic Body Hits Revenue Loss as State Halts Tax Recovery

PUNE: The civic body that faced revenue losses in the 2024-25 fiscal owing to ongoing legal disputes regarding property tax in merged areas might encounter the same challenges in the 2025-26 financial year, as the state government maintains its ban on tax recovery. In 2024, the state mandated a halt to property tax collection from merged regions and ordered the Pune Municipal Corporation (PMC) to limit property tax to no more than twice the rates previously set by the grampanchayats, following complaints from residents of the newly integrated areas about high civic taxes. The absence of specific regulations within the…

IndustryLatest Stories

Pune: PMC Unveils Tax Amnesty Scheme Amid Resident Opposition

PUNE: In response to recent protests from some residents, the Pune Municipal Corporation (PMC) has announced a new amnesty scheme for property tax defaulters, set to launch from November 15, 2025, until January 15, 2026. “The monthly penalty of 2% has now surpassed the original tax amount, prompting this initiative, which will provide a 75% waiver on penalties,” explained PMC’s additional commissioner, Prithviraj BP. Recently, the citizens’ group Sajag Nagrik Manch criticized the effectiveness of such schemes, stating that previous efforts have failed to encourage defaulters to pay their dues. According to the Maharashtra Municipal Corporations Act, a 2% monthly…

Latest StoriesResidential

Citizens Demand End to Pune’s Tax Defaulter Amnesty Scheme

PUNE: Various citizen groups are calling for the cancellation of the proposed amnesty scheme designed for property tax defaulters, arguing that earlier implementations have proven ineffective. The Pune Municipal Corporation (PMC) initiated this amnesty scheme for the 2020-2021 fiscal year, intending to offer tax defaulters discounts upon settling their dues. The scheme was later reintroduced for the 2021-2022 fiscal year. Vivek Velankar from Sajag Nagrik Manch, a citizens’ organization, stated, “The recurring launch of such schemes sends the wrong message to responsible taxpayers. Many who utilized the benefits ended up defaulting on taxes again, resulting in a revenue loss for…