Summary:
The town planning department informs the property tax department about the new buildings once the BCC is issued to the new buildings. Nashik: Panchavati division has added 6,311 properties in the past two financial years, followed by Cidco division, which has added 4,237 properties.The NMC has added 20,575 properties on its records in the past two years. Hence, there had been good supply and sale there during the past two-three years." Moreover, the supply of low-cost housing was good in Panchavati as the land required for the low-cost housing was available there at reasonable rates. The number of properties has increased from 4.03 lakh in 2014-15 to 4.23 lakh in 2016-17.The NMC has linked property tax with the building completion certificate (BCCs)..