Tag Archives: Pune Municipal Corporation

blog Buying property Property tax Real Estate Real Estate News Smart Residential Living

People prefer online mode of payment to pay property tax in Pune

May 9,2019 / By / No Comment
BLOG Property TAX

Pune Municipal Corporation Property (PMC) Tax:

In Pune, it is the Pune Municipal Corporation (PMC) or Pimpri Chinchwad Municipal Corporation (PCMC) that estimates a property to give it a value and impose a tax on a person’s property as per the location of the property.
PMC has been an effective service since 1950 and collects property tax as its 2nd largest source of revenue after Octroi.

People of Pune are favoring new age payment systems to pay their property tax. The number of citizens paying their property tax via online methods has replaced those pay using offline modes. As per the Pune Municipal Corporation sources, over 55% property tax collection for the first month of the current fiscal year has taken place through mobile banking, net banking, and other payment gateways.

The Pune Municipal Corporation has collected around Rs.234 crore through property tax in the new fiscal. Out of the total amount, around 129.7 crores has been paid via the online process, while Rs.105.3 crores were received through the offline process. The mobile-based payment system is also getting a good response from citizens.

Last year, around 45% of people had chosen for online payment services. This year, the payment is around Rs20 crore more than the last year.

Civic officials are saying that the online payment method has been in place for the last 5 years and has been getting a good response from its citizens. To keep the momentum on, the Pune civic body offers a discount on property tax bill, if it is paid before 31st May 2019. Many property owners are paying their taxes to get this benefit and in return, it will help to increase revenue for the state.

The civic administration hopes to get more revenue from the tax in the coming fiscal. They also said that nearly 1.67 lakh more properties have been added in the Pune Municipal Corporation Limits. Hence, the properties in PMC’s tax range have crossed the Rs.10 lakh target. The revenue will rise by around Rs.64 crore due to added properties.

To pay your property tax bill in Pune, simply click this link https://pmc.gov.in/en/ptax

Read More
Infrastructural development Smart Residential Living

Pune gets a final nod on Hinjewadi-Shivaji Nagar Metro Line

Dec 11,2018 / By / No Comment

pune-metroAfter the state government confirmed the third metro line as a ‘vital important urban transport project’ on July 18. On September 18, the ministry of housing and urban affairs has given the green signal for the third metro line from Hinjewadi-Shivajinagar and published the proposal in the center’s Gazette.

The 23.3km-metro line will have 23 stations and will ease travel in the Maharashtra Industrial Development Corporation (MIDC), PMRDA Pimpri Chinchwad Municipal Corporation and Pune Municipal Corporation areas. This is the third metro line to be managed by Maha Metro.

PMRDA has completed the tendering process and Tata -Siemens Company has won the tender to implement the project as a joint venture and is waiting for the final clearances from the state government for going into an agreement with the PMRDA.

The project, set to cost Rs 8,313 crore, is targeted at addressing the traffic woes faced by the approximately 2 lakh IT professionals, who work in Hinjewadi. This will also be the first project in the country executed under the Metro policy of 2017, which aims to minimize the financial burden on the center.

The central government has allotted Rs1, 200 crores, while the state will provide Rs800 crore in the form of land banks. The remaining has to be generated by the auction-goer by monetizing the land banks. Just as with the Public-Private Partnership model (PPP), the center and the state will account for 20% each of the project cost.

Read More
займ с плохой кредитной историей