BMC Clears Proposal To Raise Property Tax Exemption Limit To 700 Sq Ft
Published on: March 1, 2026, 12:10 a.m. | Source: Free Press Journal
The BMC General Body has approved a proposal to raise the property tax exemption limit from 500 to 700 sq ft, offering relief to more homeowners in Mumbai. If cleared by the state government, the move could cost the civic body nearly ₹700 crore annually in lost revenue.
