Advertisement

Mumbai: Shiv Sena (UBT) Demands BMC Raise Property Tax Exemption Limit to 700 Sq Ft, Cites BJP Support

The motion, moved by a Shiv Sena (UBT) corporator in the BMC General Body, received backing from the ruling alliance in the civic house

Mumbai: Shiv Sena (UBT) Demands BMC Raise Property Tax Exemption Limit to 700 Sq Ft, Cites BJP Support
SHARES


Shiv Sena (UBT) has urged the Brihanmumbai Municipal Corporation (BMC) to increase the property tax exemption threshold for residential units from the current 500 sq ft to 700 sq ft, citing the need to provide relief to middle‑class homeowners amid rising living costs. The party also highlighted that the ruling Bharatiya Janata Party (BJP) leaders have previously supported a similar proposal at the state level, signaling cross-party agreement on the measure.

Shiv Sena (UBT) argued that the existing exemption, introduced in 2022, only covers smaller homes up to 500 sq ft, leaving many residents still burdened by recurring property taxes. By raising the exemption limit, thousands of additional families including those living in redeveloped chawls and slum rehabilitation projects would benefit.

The motion, moved by a Shiv Sena (UBT) corporator in the BMC General Body, received backing from the ruling alliance in the civic house. It has been forwarded to the civic administration for review and onward submission to the state government’s Urban Development Department for final approval.

Leaders of Shiv Sena (UBT) emphasised that the step would provide essential financial relief to middle‑class families, ensuring they are not forced to sell or leave their homes due to high property taxes. Civic officials, while acknowledging the social benefits, noted that the proposal will require careful evaluation of potential revenue implications.

If implemented, the expanded exemption could extend relief to approximately two lakh additional residential units across Mumbai, according to civic estimates.

Also Read: Navi Mumbai Metro Timings revised on Holi: Services to Begin at 2 PM

Read this story in मराठी
RELATED TOPICS
MumbaiLive would like to send you latest news updates