Ghaziabad Municipal Corporation extends 20% property tax rebate to September 30, affecting 5.5 lakh taxpayers amid ongoing tax hike protests and revenue collection goals.
Nashik Municipal Corporation offers 95% penalty waiver to property tax defaulters until October 31, 2025, aiming to recover Rs 784 crore in outstanding dues.
India's real estate sector, particularly residential, is rebounding thanks to government policies like reduced home loan interest rates and tax relief, attracting more buyers and foreign investment.