Pune Municipal Corporation to Auction 32 Properties for Outstanding Property Tax Arrears

Pune, 8th January 2024: The Pune Municipal Corporation (PMC) has taken the decision to conduct an auction for 32 properties in Pune due to their significant property tax arrears.

Ajit Deshmukh, Deputy Commissioner of the PMC Tax Department, has provided detailed information regarding the upcoming auction.

Here are the terms and conditions for the auction:

1) To participate in the online auction process, interested candidates must register on the website https://eauction.gov.in.

2) The auction value of the property, determined by the Government Assessor, will not be lower than the assessed value under any circumstances.

3) Candidates intending to participate in the auction must submit 1% earnest money of the assessed property value separately for each property they wish to bid on. This payment should be made in the form of a Demand Draft (DD) to the Municipal Corporation during office hours and must be deposited by 4:00 PM on January 31, 2024. The DD should be made in the name of the Assessor and Collector of Taxes, PMC, and can be paid at the Bank of Maharashtra, PMC Building, Shivajinagar branch. The challan for the payment should be obtained from the Taxation and Tax Collection Office. Once the challan is deposited in the bank, interested bidders must submit the original copy of the challan, along with an attested shadow copy of their PAN card and Aadhaar card, to administrative officer No. 1 at the taxation and tax collection office in the main building of the Pune Municipal Corporation. Following this, interested bidders will be eligible for online bidding from February 1 to February 4.

4) If the property owner submits the complete tax amount along with the associated auction expenses (in the form of two separate demand drafts) to the Municipal Corporation before the auction, the property will be exempted from the auction process.

5) The successful bidder must remit 20% of the bid amount to the Pune Municipal Corporation within two working days following the auction date. Adherence to the deposit procedure outlined in point number 3 is crucial.

6) The original property holder has a 15-day period starting from the auction date to settle outstanding dues. If the full amount, including auction expenses, is submitted to the Municipal Corporation within this timeframe, the winning bidder’s deposit will be refunded, and the property will be removed from the auction process.

7) If the initial property owner fails to settle outstanding tax amounts, the winning bidder must submit the remaining 80% of the bid amount to the Pune Municipal Corporation via a Demand Draft within the specified 15-day period following the auction.

8) Upon the bidder’s full payment, the Municipal Commissioner will issue the purchase-sale certificate. The bidder is responsible for completing the registration process with the Registrar’s office and transferring the name on the property tax bid. All expenses during this process will be borne by the bidder.

9) The completion of the auction process extinguishes any rights or interests held by the original owner of the property.

10) To ensure transparency, individuals, organizations, and parties with financial interests must submit a written report to the Taxation and Tax Collection Office, accompanied by relevant documents. This report should be addressed to the Pune Municipal Corporation at the Municipal Corporation Main Building in Shivajinagar, Pune-411005. Objections or suggestions received after the auction date will not be considered.

11) The PMC Commissioner reserves the right to carry out or halt the auction process at any point, as well as to accept or reject the auction, and so forth.