The Navi Mumbai Municipal Corporation (NMMC) has collected Rs 465.70 crore as property tax in nine months of the financial year 2023-24 compared to Rs 398.65 crore in the same period of the previous fiscal, officials said, reported news agency PTI.

Property tax is one of the major source of revenue for the Navi Mumbai civic body. Navi Mumbai is a major industrial belt in the Mumbai Metropolitan Region, reported PTI.