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The Brihanmumbai Municipal Corporation (BMC) on Wednesday projected property tax revenue of Rs 7,000 crore for the financial year 2026-27. It marks a rise from the revised estimate of Rs 6,200 crore for 2025-26.

The original property tax estimate for 2025-26 had been set at Rs 5,200 crore, indicating a steady upward revision. Property tax remains one of the civic body’s main sources of income.

The Mumbai civic body on Wednesday presented its budget estimates for the financial year 2026-27 before the Standing Committee. 

This is the first such presentation to an elected body in four years following recent civic polls.

Municipal Commissioner Bhushan Gagrani tabled the budget, projecting a total outlay of Rs 80,952.56 crore which is an increase of 8.77 per cent from Rs 74,427.41 crore in 2025-26.

Revenue and capital expenditure

According to official data available up to January 31, 2026, the BMC has incurred revenue expenditure of Rs 19,001.88 crore. This accounts for 67.24 per cent of the revised estimate for the current financial year.

During the same period, capital expenditure stood at Rs 22,425.16 crore.

Revenue income sees significant growth

The estimated revenue income for 2026-27 is Rs 51,510.94 crore, which is 19.35 per cent higher than the previous budget estimate of Rs 43,159.40 crore.

For 2025-26, the revenue income estimate was later revised upward to Rs 46,778.12 crore, reflecting an 8.38 per cent increase over the earlier projection.

The figures indicate stronger revenue expectations for the coming financial year.

BMC`s major revenue apart from property tax include

Compensation in lieu of octroi: Rs 15,550.02 crore (up from Rs 14,398.16 crore in 2025-26 BE).

Development Plan fees and premiums: Rs 12,050 crore.

Water and sewage charges: Rs 2,393.46 crore.

Interest on investments: Rs 2,572.23 crore.

Supervision charges: Rs 3,298.45 crore.

Other sources combined make up the balance.

The BMC Budget 2026 also outlines significant investments in city roads and traffic, bridges, healthcare and education, while also prioritising sustainability, disaster preparedness, ease of doing business, social welfare measures and improved administrative efficiency.

Capital expenditure is set to exceed revenue expenditure, underlining a clear focus on long-term growth and modernisation.

The officials suggest that the budget could add to Mumbai’s continued economic expansion and future potential.