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

Enhanced recovery measures, digital payment systems, and citizen compliance drive historic revenue growth, funding ambitious urban development projects for FY 2025-26.

Overview

  • The Brihanmumbai Municipal Corporation (BMC) collected a record ₹6,172 crore in property tax, achieving 99.54% of its target and recovering ₹1,600 crore in outstanding dues.
  • The Ghaziabad Municipal Corporation (GMC) achieved its highest-ever property tax collection of ₹340 crore and approved a historic ₹3,722 crore budget for FY 2025-26 to boost infrastructure development.
  • The Navi Mumbai Municipal Corporation (NMMC) reported a historic ₹795 crore property tax collection, nearing its ₹800 crore target, aided by campaigns and asset auctions.
  • The Pune Municipal Corporation (PMC) collected ₹2,365.31 crore in property tax, falling short of its ₹2,847.23 crore target, but its Building Permissions Department surpassed its revenue target with ₹2,601.88 crore.
  • The Mira Bhayandar Municipal Corporation (MBMC) collected ₹241.59 crore, achieving 86% of outstanding dues, with 50% of payments made digitally, reflecting a successful digital transformation.

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