Bengaluru’s Civic Body Nears Property Tax Collection Goal for FY25

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​Bengaluru’s Civic Body Nears Property Tax Collection Goal for FY25​

The Bruhat Bengaluru Mahanagara Palike (BBMP) has reported a significant achievement in its property tax collection for the fiscal year 2024-25. The civic body collected ₹4,930 crore, reaching 95% of its target of ₹5,210 crore.​

Zone-wise Performance Highlights:​

  • Yelahanka: Surpassed its target by collecting ₹465 crore against a goal of ₹445 crore, achieving 104%.​

  • Mahadevapura: Collected ₹1,310.5 crore, slightly exceeding its target of ₹1,309 crore.​

  • South Zone: Achieved 95% of its target with ₹734 crore collected against ₹770 crore.​

  • Bommanahalli: Underperformed, collecting ₹490 crore, which is 84% of its ₹585 crore target.​

  • RR Nagar: Collected ₹382 crore, meeting 88% of its ₹434 crore target.​

The majority of the revenue came from Mahadevapura, East, and South zones, collectively contributing over 60% of the total collection. These areas are recognized as economic hubs with higher tax bases and better compliance rates.​

BBMP’s Special Commissioner (Revenue), Munish Moudgil, attributed this success to several strategic initiatives, including a one-time settlement scheme, systematic IT-based follow-ups on arrears and current dues, issuance of standard operating procedures for arrear recovery, and direct house-to-house follow-ups. He expressed confidence that the civic body would surpass ₹6,000 crore in collections for the fiscal year 2025-26 without increasing property tax rates, which have remained unchanged since 2016.​

Source: April 15th Economic Times Realty

Mr. Sunil
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