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2012-2013 budget

PMC recovers Rs 560 crore as property tax

PMC recovers Rs 560 crore as property tax
The property tax department of Pune Municipal Corporation (PMC) was able to recover Rs 560 crore as property tax for the fiscal year April 2012- February 2013. As per an official, it is for the first time that the civic body is able to collect such an amount in less than a year. The civic [...] Continue Reading »

PMC presents budget of Rs 4,167 crore

PMC presents budget of Rs 4,167 crore
Pune Municipal Corporation (PMC) has recently announced the budget for financial year 2013-14. The chairman of the standing committee of the civic body presented a budget of Rs 4167.50 crore for this fiscal year. Earlier, municipal commissioner had presented a budget of Rs 3605.02 crore which was increased by Rs 534.48 crore to the present [...] Continue Reading »

PCMC spends 40% of funds allocated for development

PCMC spends 40% of funds allocated for development
Pimpri Chinchwad Municipal Corporation (PCMC) is able to spend only 42% of the total fund which was allocated to the civic body for capital intensive development works for the financial year 2012-13. Earlier, Rs 741.95 crore was provided in the 2012-13 budget which was increased to Rs 789.81 crore in the revised budget. However, the [...] Continue Reading »

Thane announces no tax hike in budget 2012-2013

Thane announces no tax hike in budget 2012-2013
The civic body’s annual budget for the year 2012-2013 has been finally declared in Thane. This was announced with the delay in formation of the Thane Municipal Corporation’s (TMC) standing committee. The 2012-2013 budget emphasis on environmental conservation and over all development of of the municipality in Thane. An allocation of Rs2,275 crore with a [...] Continue Reading »

House rents to go high!

House rents to go high!
The 2012-2013 budget for the real estate might pave way for increase in house rentals. The tenants who are paying monthly rental of more than Rs 1 lakh will come under the service net. This budget plan is all well and good according to the real estate players as they believe that a person who [...] Continue Reading »



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