BMC collected a record ₹5,847 crore in property tax over nine months in 2024, with December alone contributing ₹2,501 crore. Strategic campaigns and extended office hours boosted collections, with the western suburbs leading contributions.

Runwal Realty, a prominent real estate developer, acquired a 4-acre land parcel in Mumbai's Worli neighbourhood for ₹800 crore, including taxes and government levies. The developer plans to build a 1 million square foot luxury residential development, generating ₹8,000 crore in revenue.

The MCGM Property Tax Mumbai Guide on Ghar helps you understand all the details with regards to MCGM property tax payments, rules, guidelines, online use, etc.

February 2024 saw record property registrations in Mumbai's real estate market. Under the Brihanmumbai Municipal Corporation's (BMC) authority, 12,040 units were registered by 8 p.m. on Thursday, with predictions of a little rise.

Luxury skyscrapers in South Mumbai impose financial challenges on occupants. Luxury living in south Mumbai is exemplified by Tardeo's 60-story Imperial Heights, with 220 apartments of various sizes. Maintaining and paying property tax might cost residents Rs 70,000 to Rs 2 lakh per month.

Planning and knowing the local real estate market are essential when investing in rental homes. Buyers must consider market circumstances and property ownership costs and dangers. The growing real estate market in Mumbai makes rental property investment an attractive proposition.

The Wadia Group-owned Bombay Dyeing & Manufacturing Company (BDMC) will sell 22 acres of premium Worli property to a subsidiary of Japan's Sumitomo Realty & Development Company is buying the prime real estate for INR 5200 cr

Affordable housing is a hot topic nowadays, particularly in the Mumbai real estate market, where flat costs are fast increasing. However, the cost of the physical unit alone has an effect on the price, as do all the additional fees associated with the property purchase procedure.

The Municipal Corporation of the bigger urban center once called the Metropolis Municipal Corporation is the ruling public form of the urban center, the capital town of Maharashtra. It is India's one of the richest public corporations.