Zirakpur stands out as the top performer in property tax collection in Mohali district, showing impressive fiscal results that hint at a bustling real estate scene in the area. The municipal council has gathered an astounding Rs 15.47 crore under the One-Time Settlement scheme, far exceeding other urban areas in the district.
Exceptional Collection Success
The property tax drive has brought in extraordinary results, with Mohali district's urban local bodies amassing Rs 24.82 crore from July 1 to August 15, 2025. This marks a significant jump from the previously reported Rs 22.20 crore, indicating a surge in payment momentum as deadlines neared.
Kharar took second place with Rs 4.26 crore in collections, while Dera Bassi added Rs 2.39 crore to the district's total. Smaller councils also performed well, with Lalru generating Rs 1.03 crore, Kurali contributing Rs 62 lakh, Nayagaon adding Rs 60 lakh, and Banur finishing the list with Rs 44 lakh.
Extended Settlement Period
Deputy Commissioner Komal Mittal announced the One-Time Settlement scheme's extension until August 31, 2025, allowing property owners extra time to settle outstanding dues without penalties. This extension followed the initial July 31 deadline, which was later moved to August 15, showing the government's dedication to boosting compliance rates.
The scheme provides a full waiver of penalties and interest for those who settle principal amounts by the deadline. Those missing this deadline will only get a 50% penalty waiver until October 31, 2025. After November 1, full penalties and interest will apply, making it vital for defaulters to act quickly.
Market Effects
The Zirakpur real estate market has higher property values compared to other areas in Mohali district. The significant tax collection points to robust commercial and residential property ownership, making Zirakpur a major revenue source for local infrastructure development.
Municipal offices have extended weekend hours to handle the increased number of taxpayers, showing a strong commitment to maximizing collection efficiency. This proactive strategy has played a big role in the campaign's success, with some offices processing 200-250 taxpayers daily during peak times.
Property investors and owners should consider these collection trends when assessing market dynamics across Mohali district's various urban centers.