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BMC may opt for online auction of properties
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BMC may opt for online auction of properties
Publish on : 2021-02-16 11:14:13
In the current financial year, attachments, auctions and disconnection of water supply were prolonged owing to Covid-19, said BMC commissioner Iqbal Singh Chahal in his 2021-22 budget speech earlier this month. MUMBAI: With the Covid-19 scare still looming in the city, the BMC is considering online auction of properties in the coming days. Already the civic body’s revenue income from property tax is dipping year after year and therefore various measures are being initiated to increase it in the coming days, one being online auction so that interested bidders do not have to gather at one place. In the current financial year, attachments, auctions and disconnection of water supply were prolonged owing to Covid-19, said BMC commissioner Iqbal Singh Chahal in his 2021-22 budget speech earlier this month. Senior civic officials said that while physical auctions may take place on a large ground so that precautionary measures for Covid-19 are followed, like social distancing, but then having an auction online would make it convenient for all the stakeholders. While in 2020-21, the civic body had estimated to collect Rs 6,768 crore from property tax, now the same has been revised to Rs 4,500 crore. So far, the BMC has managed to collect Rs 1,800 crore. Last year (2019-20) the revenue collected from property tax was Rs 3,735 crore even while the estimated target set was over Rs 5,000 crore. BMC officials said that with the lockdown being enforced in March very few people ended up paying their bills. “Every year a bulk of payments happen at the end of March but last year that too did not take place, owing to which the revenue dipped,” said an official. A BMC official said that the property tax bills this year were issued in early December 2020 and residents have three months to pay these. A penalty of 2% would be levied in case of those not paying their bills. “We have already started sending out voice notes via messaging services as a reminder to citizens to pay their property tax. We are therefore putting in place all measures for effective recovery of property tax,” said the official. The BMC this year has attached 3,424 properties of various kinds namely open land, commercial and residential properties and these would be auctioned based on their capital value.

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