Dedicated locality research platform
Enter your email address and you will receive
a link to reset your password
The Nashik Municipal Corporation (NMC) is embarking on a progressive and dynamic recovery drive, scheduled to commence on July 15th, with a primary focus on prominent property tax defaulters who have amassed outstanding dues exceeding Rs 2.5 lakh. Within the vast landscape of over 2 lakh tax defaulters, encompassing both large and small properties, the cumulative amount of unpaid taxes looms at an estimated Rs 450 crore. Among this expansive group, a select 1,450 prominent property tax defaulters have accumulated an astounding sum of Rs 160 crore.
As part of this diligent initiative, notices will be promptly dispatched to the defaulters, affording them a 21-day ultimatum to rectify their fiscal obligations. In the event of non-compliance, stern warnings will be issued, cautioning them of the imminent possibility of property confiscation, eventually culminating in the consequential auctioning of said properties. The unwavering determination to achieve the formidable goal of collecting property taxes totalling Rs 210 crore, as set for the current fiscal year, drives this ambitious endeavour. Concurrently, the NMC's strategic approach, characterized by an innovative 8 percent rebate on property tax, has yielded encouraging outcomes.
As a testament to its efficacy, an impressive collection amounting to Rs 95 crore is anticipated between April 1st and July 5th. In contrast, during the corresponding period in the preceding year, the civic body successfully gathered a substantial sum of Rs 70 crore through property tax collections. In retrospect, the NMC has displayed remarkable prowess in exceeding expectations. Last year, the NMC exceeded its mettle by amassing an unprecedented sum of Rs 188 crore, surpassing the revised property tax collection target of Rs 185 crore set by the esteemed 15th Finance Commission as opposed to the original target of Rs 150 crore. This feat, a testament to the NMC's commitment to fiscal acumen and progressive governance, marks a milestone in its 40-year history.
With resolute dedication and forward-thinking strategies, the NMC solidifies its reputation as a pioneering force, perpetually striving for excellence in municipal administration. Through its conscientious efforts, the NMC aims to establish the epitome of efficiency and financial responsibility, ensuring the prosperity of Nashik's residents and the continued development of the city.
Propscience is India’s dedicated property news portal. We cover the latest events, news, trends, deals, new launches and more.
All our services and tools are completely free of cost and available 24X7!
We use cookies to give you the best possible service while using our website, please click accept and carry on browsing if you're happy with this. For more information see our Privacy Policy.
Okay, Got it!This disclaimer ("Disclaimer") is applicable to the entire Site. Upon entering the Site it is recommended that you immediately read the Terms and Conditions and Privacy Policy listed therein. Your continued usage of this Site will indicate your unconditional acceptance of the said Terms and Conditions and Privacy Policy. You hereby agree that Propscience reserves the right to modify at any time, the Terms and Conditions and Privacy Policy governing this Site without prior notification. Your usage of the Site implies that you will be bound by any such modification. You agree and acknowledge that it is your responsibility to periodically visit the Site and stay updated with the Terms and Conditions and Privacy Policy of the Website.
The information contained in this Site has been provided by Propscience for information purposes only. This information does not constitute legal, professional or commercial advice. Communication, content and material within the Site may include photographs and conceptual representations of projects under development. All computer-generated images shown on the Site are only indicative of actual designs and are sourced from third party sites.
The information on this Site may contain certain technical inaccuracies and typographical errors. Any errors or omissions brought to the attention of Propscience will be corrected as soon as possible. The content of this Site is being constantly modified to meet the terms, stipulations and recommendations of the Real Estate Regulation Act, 2016 ("RERA") and rules made thereunder and may vary from the content available as of date. All content may be updated from time to time and may at times be out of date. Propscience accepts no responsibility for keeping the information in this website up to date or any liability whatsoever for any failure to do so.
While every care has been taken to ensure that the content is useful, reliable and accurate, all content and information on the Site is provided on an "as is" and "as available" basis. Propscience does not accept any responsibility or liability with regard to the content, accuracy, legality and reliability of the information provided herein, or, for any loss or damage caused arising directly or indirectly in connection with reliance on the use of such information. No information given under this Site creates a warranty or expands the scope of any warranty that cannot be disclaimed under applicable law.
This Site provides links to other websites owned by third parties. Any reference or mention to third party websites, projects or services is for purely informational purposes only. This information does not constitute either an endorsement or a recommendation. Propscience accepts no responsibility for the content, reliability and information provided on these third-party websites. Propscience will not be held liable for any personal information of data collected by these third parties or for any virus or destructive properties that may be present on these third-party sites.
Your use of the Site is solely at your own risk. You agree and acknowledge that you are solely responsible for any action you take based upon this content and that Propscience is not liable for the same. All details regarding a project/property provided on this Site are updated on the basis of information available from the respective developers/owners/promoters. All such information will not be construed as an advertisement. To find out more about a project / development, please register/contact us to visit the site you are interested in. All decisions taken by you in this regard will be taken independently and Propscience will not be liable for any such loss in connection with the same. This Site is for guidance only. Your use of this Site - including any suggestions set out in the Site and or any use of the resources available on this Site, do not create any professional - client relationship between you and Propscience. Propscience cannot accept you as a client until certain formalities and requirements are met.
We use cookies to give you the best possible service while using our website, please accept it and continue browsing if you're happy with this. For more information see our Privacy Policy