BMC issues notices to attach properties of DBS Reality Company over unpaid property taxes
The HinduIn a move to recover pending property taxes, the Brihanmumbai Municipal Corporation has initiated stringent measures against DBS Reality Company, a major defaulter with outstanding dues amounting to ₹178.64 crore. Despite repeated appeals and follow-ups by the municipal administration, DBS Reality Company has failed to settle its dues, prompting the BMC to take a decisive action. The BMC has issued notices under Section 203 of the Mumbai Municipal Corporation Act, warning defaulters of attachment and auction of properties if payments are not made within the stipulated time. The action against DBS Reality Company comes as part of the BMC’s broader crackdown on major defaulters who have consistently avoided paying property taxes despite having the financial capacity to do so.
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Mumbai real estate: BMC declares list of top 10 property tax defaulters who owe it ₹600 crore
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