Indian Municipal Corporations Achieve Record Property Tax Collections for FY 2024-25

Cities like Mumbai, Navi Mumbai, and Ghaziabad report historic revenues, while Pune surpasses last year's collection but misses its target.

The Brihanmumbai Municipal Corporation (BMC) collected ₹6,172 crore, achieving 99.54% of its target and recovering ₹1,600 crore in outstanding dues.
Navi Mumbai Municipal Corporation (NMMC) achieved its highest-ever property tax collection of ₹795 crore, aided by the 'Abhay Yojana' offering late fee reductions.
Ghaziabad Municipal Corporation (GMC) collected ₹340 crore, its largest-ever property tax revenue, and added 30,000 new households to its tax net for the first time.
Pune Municipal Corporation (PMC) collected ₹2,365.31 crore in property tax, exceeding last year's total but falling short of its ₹2,847.23 crore target.
GMC approved its highest-ever budget of ₹3,722 crore for FY 2025-26, focusing on infrastructure development as cities plan to utilize increased revenues.