Latest Mumbai homes News & Updates

BMC Raises Property Tax Exemption Limit for Mumbai Homes

By

Mumbai, March 2 (IANS) In a major move providing significant financial relief to Mumbaikars, the Brihanmumbai Municipal Corporation (BMC) has approved a proposal to increase the property tax waiver limit for residential homes. Under the new resolution passed unanimously by the municipal body, the exemption limit has been raised from 500 square feet to 700 square feet.This decision is being viewed as a major “gift” to citizens from the newly-formed Mahayuti alliance and the city’s new Mayor.The e…