'BMC lost Rs 2k-cr due to unchanged property tax'

State Urban Development Minister Eknath Shinde told the state assembly on Tuesday that the BMC lost revenue worth Rs 2,000 crore as property tax in the city has not been hiked since the pandemic began. After he pointed out that the state had not yet waived property tax for dwellings below 500 square feet in the city in accordance with the Shiv Sena’s election promise, Shinde said this was under consideration, and the state would soon take a decision.

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