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MIM Seeks Tax Waiver for 11.5L House Owners

For 11.5 lakh properties, the revenue loss of GHMC will be Rs 250 cr

Published: 22nd February 2015 06:06 AM  |   Last Updated: 22nd February 2015 06:06 AM   |  A+A-

HYDERABAD: The MIM has urged GHMC special officer Somesh Kumar to provide relief to 11.5 lakh poor and middle class house owners through waiver of property tax up to Rs 5,000 per annum by incorporating this proposal in the budget for 2015-16.

Former mayor M Majid Hussain along with MLC  Syed Amin-ul-Hasan Jafri submitted a representation to the GHMC special officer stating that the Standing Committee, in its meeting held in November last year had passed an unanimous resolution for waiver of property tax for those paying tax in the bracket of Rs 1 to Rs 4,000 for residential premises.

The Standing Committee had tentatively noted that 10 lakh house owners would get relief to the extent of Rs 100 to Rs 120 crore. For 11.5 lakh properties, the revenue loss would be Rs 250 crore.

The schemes and initiatives envisaged in last year’s budget included construction of 24 function halls for poor, 1,000 public toilets, green Hyderabad plan to develop more colony and city-level parks besides an amusement park at Kishanbagh, comprehensive development plan for Mir Alam Tank, protection of other lakes and open spaces etc needs to be implemented.

The previous body proposed comprehensive road development, expeditious completion of flyovers and underbridges, junction improvements, development of peripheral roads, construction of new circle offices, heritage tourism corridor and Gateway of Hyderabad project for beautification of 14 entry points leading to the city has to be implemented.      

Under community organisation schemes, elected body had envisaged to launch subsidised food scheme, training programmes for the unemployed youth and women and installation of 400 Reverse Osmosis (RO) plants for provision of safe drinking water to the slums and poor localities.

However, barring the opening of some food centres, there has been no progress on other schemes.

More from Hyderabad.

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