GHMC offers 90% interest waiver in one-time property tax settlement
GHMC’s OTS scheme offers a 90% interest waiver on property tax arrears, encouraging defaulters to pay their principal tax plus 10% interest.Summary
The Greater Hyderabad Municipal Corporation (GHMC) has extended its One Time Settlement (OTS) Scheme for 2025–26, offering a 90% waiver on accumulated interest for property tax defaulters. Property owners can regularize their accounts by paying the full principal tax amount along with just 10% of the accrued interest in a single installment. The GHMC aims to encourage voluntary compliance and reduce the financial burden on citizens through this initiative. Officials have encouraged residents to utilize this limited-time opportunity, stating that the resulting revenue will be allocated to enhance city infrastructure and public services. Payments can be made conveniently through the MyGHMC mobile app, MeeSeva centers, GHMC Citizen Service Centers (CSCs), and other online platforms. The GHMC emphasizes that settling arrears through the OTS will not only benefit homeowners but also provide crucial funding for urban development projects throughout the city’s 12 zones.
(Source：The Hans India)