Mum­bai flat own­ers to get in­di­vid­ual tax bills

Realty Plus - - News -

The Bri­han­mum­bai Mu­nic­i­pal Cor­po­ra­tion (BMC) an­nounced that per­son­alised property tax bills will be is­sued to the peo­ple who own flats in those build­ings that will get Oc­cu­pa­tion Cer­tifi­cates (OCS) from this month. At present, the civic body is­sues com­mon property tax bill to a hous­ing so­ci­ety which then col­lects the tax dues from the flat own­ers and pays the amount to the civic body.”the main problem with the cur­rent sys­tem is that when a mem­ber or mem­bers fail to pay the property tax, then all the mem­bers are pe­nalised for that. Now, in the per­son­alised property tax billing sys­tem, this will stop,” the of­fi­cial added. Property ex­pert ad­vo­cate Dharmin­sam­pat lauded the BMC for the move. A de­vel­oper and for­mer pres­i­dent of NAREDCO, Su­nil Mantri, said, “Col­lect­ing property tax in­di­vid­u­ally is a win-win sit­u­a­tion for ev­ery­one-be it a de­vel­oper, the BMC or a flat owner. Now, this sys­tem will en­sure the faster pay­ment of the taxes.”

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