Thursday, 22 January 2015

Businessmen find tough to exist in CMs hometown !

The Orange city is seeing Red!! Devendra Fadnavis hails from Nagpur. It was expected from the Chief Minister to not only concentrate on Vidharbha, but also at the same time to clear backlog, promote development so that even Nagpur can come in terms with what today Mumbai, Pune and Nashik are! But it seems a far fetched dream for a Nagpurkar. On my last visit to Nagpur again in January, I have learnt that it is NOW practically impossible for "businessmen" and landlords to survive in the Orange city.

To illustrate, say you have a property in Nagpur that is rented out and fetches you a rent of Rs. 10,000/- pm, that makes it to Rs. 1,20,000/- annually. Believe me or not, every landlord will stand when I put this down...The amount of property tax collected turns out to be Rs. 97,200/- annually i.e. if you do not have water connection for this rented premises from the Nagpur Corporation. If you have water connection from the NMC, the taxes annually turn out to be Rs. 65,000/. As per law, taxes are to be borne by the landlord. So tenants nowadays don't enter into agreement and prefer "cheating" the government. They enter into revenue sharing model. But that's uncalled for. Now after the landlord is freed from paying this property tax, there are VAT and Service Tax sleuths knocking your doors. Thus many businesses are closing. It is impossible for business houses to run smooth operations. Huge retail shops on the main roads in prime location are easily available on rentals. Landlords and retailers are victimized. This is just against development. Other cities like Mumbai property taxes are about 80% lesser than Nagpur. Forget farmers, now in some days businessmen will start committing suicides. Shyam Wardhane then municipal commissioner did nothing for this...

(Published-18th Jan. 2015)

1 comment:

  1. २०१९ मधे काही बदललेले आहे का?