CR2 mall warned to cough up property tax dues

BrihanMumbai Municipal Corporation (BMC) has issued a notice to south Mumbai’s CR2 mall, located in the middle of the swanky Nariman Point business district, warning the management to pay the property tax arrears of Rs 19.06 crore. The BMC Property Tax Department has asked the management to clear the property tax by March 8 or the civic body will disconnect its water supply and electricity connection.

According to the official of the BMC Assessment and Tax Collection Department, the arrears are pending for two portions, one belongs to the CR2 mall and another one to MMRDA. "The total outstanding since 2010 comes to around Rs 19,06,36,458 crore. We have already intimated the management and even MMRDA several times. Notices have been issued from time to time. We have now placed a warning on the wall near the mall's entrance. They have to clear the outstanding amount by March 8 or we will disconnect the water and electricity connection. The next step will be to attach the property," said a senior official from the Assessment and Tax Collection Department.