GHMC resorting to seizure of properties of tax defaulters

With only a week left for the financial year-end, the Greater Hyderabad Municipal Corporation is resorting to desperate measures to recover property tax arrears from long-time defaulters. Circle-level officials of the Revenue wing have started to seize the properties with regard to which the dues of more than one year are pending, causing anxiety among the residents less than two months ahead of parliamentary elections. Already, a one time settlement scheme is on offer for the defaulters, for whom 90% interest waiver will be available if they settle the dues along with 10% interest. While the corporation targets to earn ₹2,100 crore in the current year by way of property tax, the collection is still short of ₹500 crore- ₹600 crore, it is learnt.