The Greater Hyderabad Municipal Corporation (GHMC) has put up an impressive performance on the revenue generation front by collecting a whopping ₹1,917 crore by way of property tax for the financial year 2023-24.
Of this, a total of ₹429 crore was collected merely in the last two weeks before March 31, which is a feat unto itself. Out of this, ₹123 crore was collected on the final day.
Deploying the proverbial carrot and stick approach, the corporation offered one time settlement scheme to defaulters on the one hand and started seizures of commercial properties on the other.
