‘Why slums not part of property tax bracket?’

by Paul Joseph on February 12, 2013 · 0 comments

MUMBAI: Slums illegally encroaching upon public properties are not included in the civic body’s new property tax bracket. This, despite the fact that these unauthorized units make up at least 60% of Mumbai’s total structures, while government norms mandate that 85% properties are supposed to pay tax. Citing at a report prepared by McKinsey in 2003, which found that slums constitutes 60% of Mumbai’s properties, Advocate Godfrey Pimenta pointed at the anomaly in the capital value-based system of computing property tax and even hinted at the fact that vote-bank politics had allowed such an exemption. Pimenta was speaking at a gathering of activists and residents who met at Nanavati High

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

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