Here's why Mumbai's civic body had to go for doomed property tax hike

It has been city’s second biggest revenue source, has not been able to keep up with rising infrastructure demand

The BMC has reversed its decision to increase property tax for now, but the civic body is in dire need of funds owing to the several thousands crore worth of infrastructure projects it has undertaken. Property tax is the second-largest source of revenue for the BMC, but has been losing its glory over the last few years. 

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