Payment of property tax in real estate in Bangalore is now easier as the Bruhat Bangalore Mahanagara Palikes (BBMP) is now taking payments online. What more good news for owners of Bangalore property for sale is that if the they make property tax payment before 31st May 2015 then they can enjoy a rebate of 5% on the bill. Earlier the date of getting a rebate was 30th April but since a lot of citizens were unable to pay tax online due to technical glitches the date of the same was extended by a month. On the last day many people were unable to pay taxes since the software was unable to handle so much traffic.
With the online payment facility people living in various parts of the city including in apartments in HSR Layout are easily able to pay utility bills. Many people are interested to buy property in Bangalore as they will be easily be able to pay bills online. Many NRIs and investors prefer to buy property in Bangalore such as HSR Layout flats for sale for the same reason. But paying utlity bills and property tax online is not so easy always as many owners of Bangalore property for sale have faced a slow interface or error page while paying online. As a result many people in real estate in Bangalore in including owners of HSR Layout flats for sale have to queue up to pay bills. But all this is going to change and the online interface is going to be faster as BBMP has tweaked the software and also increased the bandwidth of its website.
But inspite of all the issues faced by owners of Bangalore property for sale like owners of apartments in HSR Layout, this year till BBMP has been able to gather tax collections of Rs. 631 crore as compared to Rs. 406 crore collected during last year. The civic authority hopes to collect additional amount by extending the rebate deadline to May 31. This year the 5% rebate has encouraged many owners in real estate in Bangalore to come forward and pay taxes. Last year 1.56 lakh people had paid their property tax online whereas this year, 2.17 lakh people paid their property taxes online. Until now around 6.2 lakh property owners in real estate in Bangalore have paid their taxes. The BBMP expects the tax collections to rise until May 31 2015.