Mumbai: The Navi Mumbai Municipal Corporation (NMMC) has reached a historic property tax collection of Rs 795 crore for the first time ever. High-ranking officials from the property tax department mentioned that this amount might increase since the deadline for online payments remains available until midnight.

A campaign was launched to engage delinquent taxpayers, and the collection offices stayed open during holidays. Moreover, the ‘Abhay Yojana’ was introduced on March 10, 2025, providing a 50 percent reduction on late fees for outstanding payments if settled by March 31, 2025.

Municipal Commissioner took advantage of the chance to auction assets owned by individuals with tax debts, after sending notices to proprietors with unpaid taxes for three straight years, including state entities. This initiative led to the largest recovery of property taxes in the municipality’s history, according to report by Lokmat.

Municipal Commissioner Dr. Shinde advised property owners at risk of confiscation to settle their debts right away, cautioning that seized properties would go up for auction beginning in April 2025.

Navi Mumbai Municipal Corporation Achieves Historic Property Tax Collection Of ₹795 Crores. Comparative data shows a steady increase in property tax income over the years: ₹521 crore in 2021-22, ₹562 crore in 2022-23, and ₹666 crore in 2023-24.

During the first nine months of the financial year 2023-24, Rs 465.70 crore has been gathered, rising from Rs 398.65 crore in the equivalent timeframe of the prior year. The NMMC aimed to reach its target of Rs 800 crore for the whole financial year, ultimately arriving at Rs 795 crores.

PMC Achieves Record Property Tax Collection

The Panvel Municipal Corporation (PMC) has reached a historic Rs 400 crore in property tax revenue this financial year, representing its highest earnings since being founded in 2016.

New Delhi, April 1: Prime Minister Narendra Modi will be on a two-day visit to Thailand, beginning Thursday, for the sixth BIMSTEC Summit, during which he will meet his counterpart, Paetongtarn Shinawatra and hold bilateral ties.

During the visit, PM Modi will be enhancing India’s deep civilisational linkages, maritime connectivity, and cross-cultural exchanges with member countries of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Summit.

At the summit, themed ‘BIMSTEC – Prosperous, Resilient and Open’, the leaders are also expected to discuss various institutional and capacity-building measures to augment collaboration within the BIMSTEC framework, the Ministry of External Affairs said last week.

India has been taking several initiatives in BIMSTEC to strengthen regional cooperation and partnership, including in enhancing security; facilitating trade and investment; establishing physical, maritime and digital connectivity; collaborating in food, energy, climate and human security; promoting capacity building and skill development; and enhancing people-to-people ties,” read a statement issued by the MEA.

PM Modi’s visit to the South Asian country at the invitation of the Thai government is expected to strengthen ties and reaffirm India’s commitment to regional cooperation.

This would be the second meeting between PM Modi and his Thai counterpart, Prime Minister Paetongtarn Shinawatra.

Earlier, PM Modi visited Thailand in 2019, and this visit is expected to build on the positive momentum of bilateral relations.

The last BIMSTEC Summit was hosted by Colombo in virtual format.

Established in June 1997, the BIMSTEC regional grouping forms a unique link between South and South-East Asia with five members from South Asia – Bangladesh, Bhutan, India, Nepal and Sri Lanka – and two from South-East Asia, including Myanmar and Thailand.

Thailand is India’s maritime neighbour, a valuable partner in the Act East policy and vision for the Indo-Pacific, and also a highly valued partner in BIMSTEC.

India and Thailand are maritime neighbours with shared civilisational bonds underpinned by cultural, linguistic, and religious ties.

Notably, India recently sent the holy relics of Lord Buddha and two of his main disciples for a 25-day exposition across five different cities of Thailand, and its unprecedented success cemented age-old ties between the two nations.

Pathare had visited Hyderabad for training. He was on his way to visit a temple with a relative when the accident occurred. Both Pathare and his relative lost their lives in the crash.

Mumbai Police have been informed about the incident.

More details are awaited.