Maharashtra waives off tax on residential units up to 500 sq ft in Mumbai

Published on Jan 01, 2022 10:21 PM IST

According to the Maharashtra government, the decision will benefit owners of over 16 lakh houses below 500 sq ft in Mumbai.

Waiving of property tax of small residential units was the part of the election manifesto of Shiv Sena that rules the BMC, in the 2017 BMC polls. (HT PHOTO)
Waiving of property tax of small residential units was the part of the election manifesto of Shiv Sena that rules the BMC, in the 2017 BMC polls. (HT PHOTO)
ANI | | Posted by Sharangee Dutta, Hindustan Times, New Delhi

The New Year brings good news for Mumbaikars as the Maharashtra government on Saturday announced to waive off property tax on residential units of up to 500 sq ft, located within the limits of Mumbai municipal corporation.

The announcement was made by chief minister Uddhav Thackeray at a meeting of the urban development department today. Urban development minister Eknath Shinde, guardian minister of Mumbai Aslam Shaikh, Maharashtra minister Aaditya Thackeray and Mumbai mayor Kishori Pednekar attended the meeting.

Thackeray directed officials to implement the decision with immediate effect, said the chief minister's office.

According to the Maharashtra government, the decision will benefit owners of over 16 lakh houses below 500 sq ft in Mumbai.

Worth mentioning, the move comes ahead of the Brihanmumbai Municipal Corporation (BMC) polls to be held next month.

Waiving of property tax of small residential units was the part of the election manifesto of Shiv Sena that rules the BMC, in the 2017 BMC polls.

SHARE THIS ARTICLE ON
SHARE
Story Saved
×
Saved Articles
Following
My Reads
My Offers
Sign out
New Delhi 0C
Wednesday, October 05, 2022
Start 15 Days Free Trial Subscribe Now
Register Free and get Exciting Deals