Mumbai housing societies face high property tax bills as BMC charges retrospectively

by Paul Joseph on February 11, 2013 · 0 comments

Mumbai: Residents of Mumbai have been taken in by surprise in the last one month as housing societies have received hefty bills on account of property tax dues, which the city’s civic body, Brihanmumbai Municipal Corporation (BMC) is charging with restrospective effect from 2010. The bills, which have reached even a whopping R1 crore in case of some South Mumbai properties, have Mumbaikars in protest, calling it ‘unjust and unfair’. According to legal experts, the tax has been doubled for residential properties and almost tripled for the majority of commercial buildings in the city. The new tax system, which affects about 15 lakh families in the entire western and eastern

[via India Properties – Real Estate India – Indian Property News Site]

Follow us @propertyheat – lists / @sectorheat

Follow us @propertyheat - lists / @sectorheat

Leave a Comment

Previous post:

Next post: