BMC Collects Record Property Tax of Rs 6,198 Crore in FY 24-25
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The Brihanmumbai Municipal Corporation (BMC) has collected a record-breaking Rs 6,198 crore in property tax for FY 24-25, nearly reaching its target. The G South ward, including Lower Parel and Worli, contributed the highest amount.
Mumbai, Apr 1 (PTI) The Brihanmumbai Municipal Corporation (BMC) collected its highest-ever property tax of Rs 6,198 crore during financial year 2024-25, almost meeting its target, officials said on Tuesday.
The property tax collection in the last financial year was "record-breaking," the corporation noted in a release.
The country's richest civic body had set itself a target of collecting property tax of Rs 6,200 crore, and succeeded in collecting 99.97 percent of the amount, it said.
The G South ward in the Island City which includes areas like Lower Parel and Worli contributed the highest Rs 624.50 crore, followed by K East and K West wards with Rs 526.64 crore and Rs 504 crore, respectively.
Additionally, Rs 178.39 crore was collected in the form of fines, the release said.
The property tax collection in the last financial year was "record-breaking," the corporation noted in a release.
The country's richest civic body had set itself a target of collecting property tax of Rs 6,200 crore, and succeeded in collecting 99.97 percent of the amount, it said.
The G South ward in the Island City which includes areas like Lower Parel and Worli contributed the highest Rs 624.50 crore, followed by K East and K West wards with Rs 526.64 crore and Rs 504 crore, respectively.
Additionally, Rs 178.39 crore was collected in the form of fines, the release said.
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