On February 5, the Pune local council will auction off the properties of tax defaulters.

PUNE: To recoup debt totaling Rs. 16 crore, the civic authority will auction off the properties of tax defaulters on February 5.

Of the 200 properties the administration has designated for recovery, 32 will be auctioned on February 5.

“All the property owners who are in arrears have received notifications from the administration. They were instructed to pay the debts.

However, these defaulters have not paid tax despite numerous warnings, which has resulted in property auctions “said Ajit Deshmukh, head of PMC’s property tax department. There will be an online auction.

PMC anticipates making about Rs200 crore from the sale. The owners of any property will receive any residual funds if it sells for more than what is owed. “To get the remaining funds, the property owners must apply.

The money will be placed into PMC’s accounts if the owners don’t claim it within six months, according to a senior official. The administration has affixed its name to the property cards and other pertinent documents before the auction. For as long as ten years, some of the property owners have not paid taxes.

In compliance with the Maharashtra Regional and Town Planning Act, the auction will be conducted. It has authorized local self-governing organizations to hold these tax recovery auctions.

According to a local official, permission from the courts and other authorities has been obtained before the auction can begin.

Approximately 12 lakh properties are subject to tax, according to PMC data. Taxes on mobile towers and payments from large defaulters, such as businesses, IT parks, hospitals, and commercial buildings, are also included.

Ten percent of the property tax is discounted for citizens who pay it by May 31.