Indian Municipal Corporations Report Mixed Results in Record Property Tax Collections for FY 2024-25
Cities like Mumbai and Navi Mumbai achieved historic revenue milestones, while Pune and Pimpri Chinchwad fell short of targets, highlighting varied fiscal performances across urban centers.
- The Brihanmumbai Municipal Corporation (BMC) set a record with ₹6,388 crore in property tax collections, surpassing its ₹6,200 crore target for FY 2024-25.
- The Navi Mumbai Municipal Corporation (NMMC) achieved its highest-ever property tax revenue of ₹826.12 crore, aided by the 'Abhay Yojana' penalty waiver scheme.
- The Pune Municipal Corporation (PMC) collected ₹2,365.31 crore in property tax, falling short of its ₹2,847.23 crore target, but saw its Building Permissions Department generate ₹2,601.88 crore, becoming its top revenue source.
- The Pimpri Chinchwad Municipal Corporation (PCMC) missed its ₹1,000 crore target, citing election duties as a key factor, with a total collection of ₹965.71 crore.
- Digital transformation played a significant role, with over 50% of Pune residents paying property taxes online, contributing ₹1,314.89 crore to the city's collection.
Free Press Journal 
Hindustan Times 
