The Hindu Business Line : BMC stays auction of housing society in Powai

MUMBAI: The Brihanmumbai Municipal Corporation (BMC) has stayed the auction of a housing society here after its residents agreed to pay their dues of Rs 1.24 crore to the civic body. The civic body stayed the auction yesterday after the residents of King ston building at Hiranandani complex in suburban Powai paid Rs 25 lakh. The remaining amount will be paid within a month the residents have assured the BMC.

“Residents agreed to pay their dues. They have paid a sum of Rs 25 lakh on Tuesday and have agreed to pay the remaining amount within a month. We have for the time being stayed the auction and extended the time period by another month,” said a BMC offici al.

“So far, the society has paid Rs 80 lakh in four instalments for sewerage and water taxes to the BMC but haven't paid the dues and penalty,” he said. The BMC had decided to auction the building for non-payment of property tax amounting to Rs 1.24 crore.

Since the residents were not willing to pay the dues, the civic body had initially said they would conduct the auction as they wanted to recover the Rs 1.24 crore that the society owed as water and sewerage taxes as well as penalty.

The residents had said they have already paid their dues, a claim refuted by the civic body. - PTI

Prev: ‘Just 8.2 seconds needed for love at first sight’
Next: ICICI Securities launches Active Trade Service in Kochi

Business Line | NUS Index |

Related Topics
Agricultural Policy
E-Governance
Financial Policy
Foreign Relations
Human Resources
Industrial Policy
People
Politics
Public Policy Note
Random Walk
Security
Trade & Labour Unions
View Point

Copyright copy; 2009, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line