The Brihanmumbai Municipal Corporation (BMC) has unveiled a list of major property tax defaulters, collectively owing INR 222 crore. The BMC warns that failure to pay within the specified timeframe could lead to property seizure and auction under the Mumbai Municipal Corporation Act. Property owners are given 90 days to settle their bills, with follow-up actions including demand letters and final notices. This is the second list of major defaulters released by BMC in a week. The top defaulters include HDIL Ltd and Kamala Mills Ltd, among others. The BMC is focusing on those who can pay but have not, threatening further legal action for noncompliance.
The Brihanmumbai Municipal Corporation (BMC) has published a new list of major defaulters, revealing that they collectively owe INR 222 crore in property tax arrears. The BMC has issued a warning that failure to pay these taxes within the designated timeframe could result in property seizure and auction under Sections 204, 205, and 206 of the Mumbai Municipal Corporation Act. Property owners must settle their tax bills within 90 days of receiving the notice.
Officials from the Tax Assessment and Collection Department actively follow up with property owners to ensure tax payments. If taxes remain unpaid, a demand letter is issued, followed by a final 21-day notice. If payment is still not made, the BMC will proceed with seizing the properties of defaulters and auctioning them off.
The current list of top property tax defaulters includes HDIL Ltd with INR 32 crore owed, Kamala Mills Ltd at INR 31 crore, Wadhwa Deserve at INR 26 crore, Kamala Mills Ltd at INR 24 crore, Govindram Brothers Ltd at INR 22 crore, His Holiness Sardar Tahir Saifuddin Sahib at INR 20 crore, Galaxy Corporation at INR 19 crore, Suraj Handa and Vishnu Prasad at INR 18 crore, Ariston Developers Private Limited at INR 16 crore, and Omkar Developers Pvt Ltd at INR 15 crore.
The total amount owed by the top ten defaulters reaches INR 222 crore. Recently, notices were sent to ten defaulters who collectively owe INR 600 crore, warning them to clear their debts or face property auctions. top defaulters in that list included Raghuvanshi Mills Ltd., which owes INR 119 crore, and Omkar Developers Pvt. Ltd., with INR 104 crore.
The BMC is particularly targeting property owners who have the financial capacity to pay but have delayed their payments. Notices for property seizure are being issued under Section 203 of the Mumbai Municipal Corporation Act. If payments are not received within the specified period, the BMC will escalate actions under Sections 204, 205, and 206, which include seizing and auctioning goods from the properties, and ultimately auctioning the properties themselves if taxes remain unpaid.
In conclusion, the BMC's aggressive approach to collecting property taxes underscores the importance of timely payments for maintaining municipal services. By holding defaulters accountable, the BMC aims to ensure financial responsibility among property owners, ultimately benefiting the community as a whole. Property owners are urged to take these warnings seriously and settle their tax obligations to avoid severe consequences, including the loss of their properties through auction.
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