India, Feb. 19 -- The Pune Municipal Corporation's (PMC's) proposal to auction 2,600 properties whose owners have not paid property tax has hit a roadblock as the private entity enlisted for the auction has demanded 2.50% commission on every property transaction.
Solid waste management department head deputy commissioner Madhav Jagtap said, "The private company enlisted for carrying out the transactions demanded a commission of 2.50% for every transaction. Hence, we are scouting for a government entity or individual who can carry out the auction at a fixed rate."
The PMC had initiated the auction process and the recovery of property tax in the region of Rs.11,000 crore in December 2024. Properties not entangled in court cases were seale...
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