The NMC is launching inspections of all commercial properties within its jurisdiction to ensure property tax compliance. Some commercial property owners have been avoiding tax payments by operating without civic body registration. This move aims to identify unregistered properties and increase revenue. The NMC also plans citywide property surveys to uncover underutilized properties and unauthorized construction. Currently, property tax collection begins after property owners obtain building completion certificates, but many properties operate without them. The NMC intends to extend taxation to these cases. This proactive approach enhances revenue and promotes equitable property tax compliance.Read more

The Nashik Municipal Corporation is responding to concerns regarding buildings constructed within the Godavari River's blue line areas. The blue line demarcates a boundary aimed at preventing flooding and water-related issues. Unauthorized construction within this zone can disrupt natural river flow, leading to flooding during heavy rains. To address this, the municipal corporation is identifying such buildings and is likely to take actions like relocation and demolition to ensure the city's safety and sustainability. This directive underscores the importance of adhering to regulations for well-planned urban development and environmental protection. It also emphasizes the need to prioritize safety and environmental safeguards in urban expansion efforts.Read more

For a future IT Park, the Maharashtra Industrial Development Corporation (MIDC) has selected a 100-acre area in Rajur Bahula, close to Nashik. Once the final pieces of the property have been acquired, the IT Park will help Nashik expand economically and create new jobs. This action fits with the general national trend that emphasizes technological growth. The program demonstrates the government's dedication to encouraging innovation and luring capital to the technology industry. Nashik's advantageous location and expanding industrial landscape place it in a position to become a prospective IT centre with room to grow and modernize in the future.Read more

The Nashik Municipal Corporation town planning department collaborates to scrutinize property tax compliance for buildings with Building Completion Certificates. This effort aims to integrate BCC-holding properties into the tax framework, as many fail to apply for property tax. About 30,000 such properties, with a potential for Rs 15 crore in annual revenue, have been identified. Last fiscal year's target was Rs 185 crore; now it is Rs 210 crore for fiscal year 2023–24. Current collections stand at Rs 115 crore, with Rs 95 crore needed to meet the current fiscal year's target.Read more

Nashik Municipal Corporation's property tax collection surged by 31 percent, amassing Rs 112 crore from April to August in the current fiscal, a significant rise compared to Rs 85 crore in the previous year. Despite the traditional lull from August to October due to academic admissions, NMC remains resolute about exceeding targets. Assessing 1.27 lakh properties with additional construction, NMC aims to elicit objections for supplementary property tax. It plans a recovery drive for dues over Rs 1 lakh and a survey for untaxed properties. With a target of Rs 210 crore, NMC exhibits robust fiscal commitment.Read more

The Nashik Municipal Corporation (NMC) launches a dynamic recovery drive to collect outstanding property taxes from prominent defaulters. With an accumulated amount of unpaid taxes exceeding Rs 450 crore, the NMC has targeted 1,450 defaulters who owe Rs 160 crore. Notices will be issued, granting defaulters a 21-day ultimatum to settle their dues, followed by stern warnings of property confiscation and eventual auctioning. The NMC aims to collect Rs 210 crore in property taxes for the fiscal year and has seen success through innovative rebate schemes, surpassing previous collection records.Read more

The Nashik Municipal Corporation (NMC) plans to impose a 2 percent penalty on property owners who fail to settle their biannual property tax obligations for the 2023-24 fiscal year by June 30. The NMC provides discounts to those who promptly pay their taxes, but penalties will be applied to those who do not take advantage of the discount scheme. The NMC encourages property owners to check their outstanding dues and make online payments through their official websites. Additionally, the NMC sends reminders and payment links via SMS and WhatsApp to property tax owners.Read more

Nashik City's local government has achieved a remarkable 25 percent increase in property tax collection, amassing Rs 75 crore in just 75 days. This success can be attributed to the implementation of a rebate scheme that entices taxpayers with incentives ranging from 6 percent to 8 percent. Around 1.7 lakh taxpayers have taken advantage of the rebate scheme, resulting in a rebate amount of Rs 4 crore. With an optimistic goal of reaching Rs 90 crore, the Nashik Municipal Corporation aims to collect an additional Rs 15 crore in the next 15 days.Read more

Over 26,000 landless families in Nashik have been granted plots for housing construction under the Pradhan Mantri Awas Yojana (PMAY). With a total of 32,798 applications received, the district administrations have cleared approximately 80% of the proposals. The highest demand for land came from Jalgaon district, where 19,936 out of 23,207 applications were approved. Additionally, the state government has launched the Maha Awas Yojana to provide affordable housing solutions. Out of 1.10 lakh applications received, 85,750 have been completed so far. The authorities are determined to meet the housing needs of the people in a timely manner.Read more

The Nashik Municipal Corporation (NMC) is set to auction properties of 73 major property tax defaulters next month, targeting those who ignored earlier confiscation notices. Each defaulter owes over INR1 lakh, and the crackdown follows warnings sent to 425 such cases. The city faces over INR250 crore in unpaid property taxes from more than 1.5 lakh defaulters. Earlier this fiscal year, NMC ran an amnesty scheme offering up to 90% penalty rebates, which over 60,000 defaulters used, resulting in INR30 crore in waived penalties. Property tax is crucial for city services, and auctions are being used as a last-resort recovery method.Read more