Bhiwandi: The Bhiwandi Nizampur Municipal Corporation (BNMC) has achieved a record property tax recovery of Rs 23.67 crore in just 24 days, thanks to the Abhay amnesty scheme. This is the highest short-term recovery in the civic body’s history.
Between April 1 and November 30, the BNMC collected Rs 52.95 crore compared to Rs 27.80 crore collected during the same period last year; a figure that included three rounds of 100% interest waiver.
About The Abhay Amnesty Scheme
The Abhay Scheme was introduced for the period of November 7-30, during which the civic body recovered Rs 23.67 crore. Under the scheme, taxpayers clearing dues received a 100% waiver on interest, encouraging 14,578 property owners to settle their arrears.
From December 1, defaulters are being offered a 75% interest waiver, under which daily collections of nearly Rs 20 lakh are being reported.
To get details on exclusive and budget-friendly property deals in Mumbai & surrounding regions, do visit: https://budgetproperties.in/