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

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

Published on: Jan 1, 2022, 22:21:07 IST

ANI | Posted by Sharangee Dutta, Hindustan Times, New Delhi

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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.

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)

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.

ABOUT THE AUTHOR
Sharangee Dutta
A journalist with 7+ years of experience, I pretty much inhale and exhale news – figuratively speaking. Cooking, reading and playing with my dog take up the remaining hours of my normal day. I have an inclination for true crime stories, and love listening to such podcasts.Read More

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