The collection is not even 10% of the estimated collection of Rs 7,000 crore in the entire fiscal of 2022-23
The Mumbai Civic Body, also known as the Brihanmumbai Municipal Corporation (BMC), has collected Rs 665 crore in the first two quarters of the ongoing fiscal 2022-23, according to the data. The BMC had set up a target of collecting Rs 7,000 crore. However, in the first two quarters between April 01 and September 26, less than 10% of the targeted revenue from property tax has been collected. Property tax is the second largest source of revenue for the cash-rich Mumbai Civic Body.
https://www.moneycontrol.com/news/business/real-estate/mumbai-civic-body-collects-rs-665-crore-as-property-tax-in-first-two-quarters-of-ongoing-fiscal-9240551.html
Source: Money Control
