November 1, 2023: Integrated Township Palava City, located in Dombivli and developed by the Lodha Group was finally granted a rebate of 66% on property tax on October 30, 2023, under the directive of Maharashtra Chief Minister Eknath Shinde.
As per the Unified Development Control and Promotion Regulations (DCR), under the Maharashtra Municipal Corporation Act or gram panchayat, integrated townships falling under these categories will get a rebate of 66% on the property tax as they provide amenities, utilities and infrastructure such as road, street lights, sewerage treatment plant, solid waste management, garden, transport, etc.
This decision will benefit over 26,000 homeowners in the township who until now were paying double tax– to the Palava City Management Association (PCMA) and the Kalyan Dombivli Municipal Corporation (KDMC).
Till now the property owners were paying around Rs 6,000 per flat per year as property tax. With this rebate, they must pay a little over Rs 2,000 per flat per year as property tax.
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With 16+ years of experience in various sectors, of which more than ten years in real estate, Anuradha Ramamirtham excels in tracking property trends and simplifying housing-related topics such as Rera, housing lottery, etc. Her diverse background includes roles at Times Property, Tech Target India, Indiantelevision.com and ITNation. Anuradha holds a PG Diploma degree in Journalism from KC College and has done BSc (IT) from SIES. In her leisure time, she enjoys singing and travelling.
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