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Navi Mumbai: No property tax on homes up to 500 sq ft

Navi Mumbai: No property tax on homes up to 500 sq ft
NAVI MUMBAI: State urban development (UD) minister Eknath Shinde on Monday announced a property tax waiver for all homes measuring less than 500 sq ft, across the city of Navi Mumbai. However, the minister did not spell out the timeline of implementation.

Interestingly, a proposal mooted by NMMC for the waiver has been pending at the UD department for over two years.

Recently, the chief minister announced complete waiver of property tax on homes up to 500 sq ft in Mumbai.

“Based on the decision taken for Mumbai, Navi Mumbaikars will soon get the benefit from the property tax waiver. The proposal will be cleared shortly,” said Shinde.

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