Tag: Pune property tax

Latest StoriesRegulatory

Pune’s PCMC collects ₹80 crore in property tax, may miss targets

PUNE: The Pimpri Chinchwad Municipal Corporation (PCMC) reports a robust response to its amnesty scheme for property tax defaulters, yet the overall tax collections appear to be underwhelming, as the organization is unlikely to achieve its set targets or match last year’s figures. For this fiscal year, PCMC has aimed to generate Rs 1,000 crore from property tax. According to municipal officials, the PCMC has accumulated nearly Rs 80 crore in property tax revenue following the launch of the amnesty scheme on March 1. This initiative provides a 90% penalty waiver for defaulters, applicable only to those who settle their…

Latest StoriesRegulatory

Pune civic body rejects property tax hike, PCMC keeps status quo

PUNE: Residents within Pune’s civic limits will not face an increased property tax, and those in Pimpri Chinchwad are also expected to be exempt from any hikes. The Pune Municipal Corporation’s (PMC) general body (GB) unanimously rejected a proposal on Wednesday to raise property tax by 5% for the upcoming fiscal year. Similarly, the Pimpri Chinchwad Municipal Corporation (PCMC) is unlikely to propose a tax increase for the 2026-27 financial year due to the absence of a standing committee, which is required to review such proposals. Last week, the PMC brought forth the 5% tax increase proposal, but corporators from…