The Brihanmumbai Municipal Corporation (BMC) has announced the implementation of property tax on commercial establishments operating in slum areas, projecting an additional revenue of Rs. 350 crore for the financial year 2025-26. The civic body presented its budget on Tuesday, outlining its plan to generate Rs. 5,200 crore from property tax collections in the upcoming year.
BMC Commissioner and Administrator Bhushan Gagrani stated that a survey of shops and businesses in slums has already commenced, with tax rates to be determined based on property size and location. The budget document highlighted that the additional revenue would be directed toward improving infrastructure and civic amenities for slum dwellers.
Additionally, the BMC is considering the introduction of a Solid Waste Management (SWM) user charge, which would be implemented in a phased manner as per the Union government’s guidelines. However, this charge will not be levied in FY 2025-26, and a final decision will be taken after seeking legal opinion.
The civic body has projected an overall revenue collection of over Rs. 43,000 crore from various sources in the upcoming financial year.