Maharashtra Government Waives Off Tax on Residential Properties up to 500 Sq Ft
GG News Bureau
Mumbai, 2nd Jan. Maharashtra government on New Year announced to waive off property tax on residential units of up to 500 sq ft, located within the limits of Mumbai municipal corporation.
The Chief Minister Uddhav Thackeray made the announcement at a meeting of the urban development department today.
Urban Development Minister Eknath Shinde, Guardian Minister of Mumbai Aslam Shaikh, Maharashtra Minister Aaditya Thackeray and Mumbai Mayor Kishori Pednekar were present in the meeting.
CM Thackeray directed officials to implement the decision with immediate effect, said the Chief Minister’s Office.
According to the Maharashtra government, this decision will benefit owners of over 16 lakh houses below 500 sq feet in Mumbai. The step comes ahead of the Brihanmumbai Municipal Corporation (BMC) elections to be held next month. Waiving of property tax of small residential units was the part of the election manifesto of Shiv Sena that rules the BMC, in the 2017 BMC polls.
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