Two out of 120 tax defaulter’s properties sold by NMC

By Accommodation Times Bureau


Only two out of 120 properties were persuaded for sale in an auction conducted by NMC on Friday, in spite of being a second invitation to sell the same properties.

Out of the two, one of the residential house was auctioned for Rs.10.26 lakhs and another for Rs.6.11 lakhs. The remaining 118 properties failed to persuade and attract buyers.

Based on this result, the NMC has decided to possess the remaining 118 properties at a nominal rate of Re.1 with a supportive proposal for approval submitted to the

standing committee. Once the approval is given, it shall all be taken over by NMC at the nominal rate and if not given the approval, the NMC shall bid for the third and the last time as per the guidelines provided by the standing committee.

It is recorded that the value of these 120 properties whose dues remained unpaid by the tax defaulters on March 31 st this year is Rs.4.5 Crores.

The NMC has been failing to progress in auctioning such properties; as in a case, the NMC had conducted the auction of 70 sequestrated properties as on April 24 whose dues valued up to Rs 3.75 crores. And so, it failed to sell any.

Also, there is another case which reported a very poor response to NMC; wherein auction of properties of 70 defaulters was conducted on May 18 whose property taxes were worth Rs.75 lakhs.

At Dadasaheb Gaikwad Auditorium, NMC to conducted joint auction for all seized properties.

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