Mumbai Property News

Major Financial and Tax Changes to Impact Taxpayers, Investors, and UPI Users Starting April 1, 2025 Several important financial and tax changes will come into effect from April 1, 2025, impacting taxpayers, UPI users, credit card holders, inv

MMRDA Earns Rs 3,840 Crore from Auction of Prime Plots in Mumbai’s BKC The Mumbai Metropolitan Region Development Authority (MMRDA) has raised a total of Rs. 3,840 crore from the auction of three prime commercial

MMRDA Approves Rs 758 Crore Allotment of BKC Plot to NSE for Expansion The Mumbai Metropolitan Region Development Authority (MMRDA) has granted post facto approval for the allotment of a prime plot in the Bandra-K

Thane Civic Body Surpasses Property Tax Collection Target with Rs 810 Crore for FY 2024-25 In a remarkable achievement, the Thane Municipal Corporation (TMC) has successfully collected Rs 810 crore in property tax for the fiscal

Navi Mumbai Civic Body Achieves Record Property Tax Collection of Rs 800 Crore in FY25 In a landmark achievement, the Navi Mumbai Municipal Corporation (NMMC) has collected more than Rs 800 crore in property taxes for the fiscal

Maharashtra Government Increases Mumbai's Ready Reckoner Rates by 3.4% The Maharashtra government has revised the ready reckoner (RR) rates for property valuations, applicable for stamp duty and taxation, for the

BMC Considers Property Tax Hike as Collection Soars in FY 2024-25 The Brihanmumbai Municipal Corporation (BMC) is considering a property tax hike of 12.5-13% as part of its planned five-year revision. This wo

BMC Set to Meet Rs 6,200 Crore Property Tax Target for FY25 Mumbai’s civic body, the Brihanmumbai Municipal Corporation (BMC), is on track to meet its property tax target for the fina

The Maharashtra government has announced a significant change to facilitate land redevelopment under the 12.5% scheme in Navi Mumbai. In a move to resolve ongoing challenges in the redevelopment of such plots, the state government has decided to exclude the height of stilt parking from the permis

Navi Mumbai to Auction Seized Properties for Pending Tax Recovery The Navi Mumbai Municipal Corporation (NMMC) has announced that it will soon auction confiscated properties of property owners with unpaid tax

Maharashtra Deputy CM Proposes TDR for Redevelopment Near Mumbai Airport In a significant move to boost redevelopment effo

The Supreme Court has permitted the continuation of the Dharavi Redevelopment Project amid ongoing legal scrutiny.