Taj Banjara seized: Corporation officials who seized Taj Banjra.
Taj Banjara seized: GHMC officials have seized the leading hotel Taj Banjara in Hyderabad. The Taj Banjara Hotel was seized two years after the lack of property tax and notices were not responded to. The hotel was run by Jeevik Group and Taj Hotel. Jeevik group is in trouble and the end of hotel management contracts has caused problems in management.
GHMC will have to pay Rs 43 lakh crore of Taj Banjara Hotel. GHMC officials say they have not responded several times for property tax arrears. The hotel was sealed on Thursday evening as the hotel was not responding to the recent notices and GHMC did not respond to the GHMC Red notice.
GHMC owes Rs 9800 crore in Hyderabad. Officials are trying to collect tax collections by the end of the financial year. There are 19.58 lakh taxpayers under GHMC, so far only 13 lakhs have been paid only property tax. The goal is to be met in another 40 days.
GHMC officials raised Rs 1900 crore in taxes in the last financial year. This year, 2 thousand crores were targeted. It has already raised only Rs 1450 crore and is trying to collect tax within the stipulated time. Look at major companies like the latest Banjara. Jubilee Hills, led by AMC Srinivasarao, sealed the Taj Banjara Hotel.