BMC collects property tax of Rs 6,198 crore in FY25, Real Estate News, ET RealEstate
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MUMBAI: The Brihanmumbai Municipal Corporation (BMC) collected its highest-ever property tax of Rs 6,198 crore during financial year 2024-25, almost meeting its target, officials said on Tuesday.
The property tax collection in the last financial year was “record-breaking,” the corporation noted in a release.
The country’s richest civic body had set itself a target of collecting property tax of Rs 6,200 crore, and succeeded in collecting 99.97 percent of the amount, it said.
The G South ward in the Island City which includes areas like Lower Parel and Worli contributed the highest Rs 624.50 crore, followed by K East and K West wards with Rs 526.64 crore and Rs 504 crore, respectively.
Additionally, Rs 178.39 crore was collected in the form of fines, the release said.
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