Real estate developers in Pune

Pune’s Property Tax Boost & Its Impact on Real Estate Growth | Pride Purple Properties

1: Property Tax Collection Snapshot (Apr–Jun 2025) Total Collected: ₹1,244.50 Cr Properties Paid: 7.10 Lakh Target Revenue (FY 2025–26): ₹3,250 Cr Discount Deadline Extended: Till July 7, 2025

2: Discount Breakdown Mode of Payment

Tax Collected (₹ Cr)

No. of Payees

Online

₹582.41 Cr

4,02,798 people

Cash

₹99.49 Cr

1,13,780 people

Cheque / DD

₹250.49 Cr

62,920 people

3: Challenges Faced Glitches in online portal PT3 form approval delays Issues in merged villages – lack of clarity on revised rates Revenue shortfall compared to FY 2024–25: ₹100 Cr

4: PMC’s Response Extended discount deadline to July 7 Focused recovery plan post-deadline Possible amnesty scheme for merged villages Revenue to fund smart city projects, roads, drainage, green spaces

5: Real Estate Impacts Builds trust in governance among buyers & investors Encourages property investment in Pune Boosts confidence for real estate developers in Pune Supports the development of residential projects in Pune

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