Good news for Mumbaikars! Maharashtra waives off tax on residential properties up to 500 sq ft
Zee News
Maharashtra government announced to waive off property tax on residential units of up to 500 sq ft, located within the limits of Mumbai municipal corporation.
Mumbai: The New Year brings good news for Mumbaikars as the Maharashtra government on Saturday (January 1) announced to waive off property tax on residential units of up to 500 sq ft, located within the limits of Mumbai municipal corporation. The announcement was made by Chief Minister Uddhav Thackeray 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 attended the meeting. Thackeray directed officials to implement the decision with immediate effect, said the Chief Minister`s Office.
According to the Maharashtra government, the decision will benefit owners of over 16 lakh houses below 500 sq feet in Mumbai. Worth mentioning, the move comes ahead of the Brihanmumbai Municipal Corporation (BMC) polls to be held next month.