BMC issues notice to Mumbai metro contractors over Rs 370 crore property tax default, ET RealEstate

March 29, 2024
1 min read
BMC issues notice to Mumbai metro contractors over Rs 370 crore property tax default, ET RealEstate


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MUMBAI: The BMC‘s assessment and collection department has issued a notice to the Mumbai Metro rail contractors for defaulting on property tax payment amounting to over Rs. 370 crores.

The civic body said that as Metro works are ongoing at several locations in the city, the contractors are contractually liable to pay the property tax of the casting yard plot. However, delays from contractors have been reported. Notices have been issued to companies namely M/s HCC – MMC, M/s CEC – ITD, M/s Doga Soma and M/s L & T (Larsen & Toubro).

Previously in March 2022, the BMC had attached 24 properties of Mumbai Metro –1 including Azad Nagar, Versova and DN Nagar metro stations for non-payment of property tax since it began operations.

Meanwhile as the financial year comes to an end, BMC has collected Rs. 2,213 crore of property tax so far. Off this the maximum property tax had been collected from the K/East ward which accounted for over Rs. 208 crore, followed by K/West ward (Rs. 174.15 crore), S division (Rs. 170.77 crore) and H/East ward (Rs. 168.34 crore). Meanwhile, nearly Rs. 9.15 crore of property tax has been procured from government assets.

  • Published On Mar 29, 2024 at 02:00 PM IST

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