Thackeray Faction's BMC Masterstroke: Property Tax Relief for Mumbaikars

• Thackeray faction, from opposition benches, moved a proposal for property tax relief in BMC.
• BJP gave tacit consent to the proposal, surprising many political observers.
• Proposal offers up to 60% property tax relief for homes up to 700 sq ft, benefiting middle-class Mumbaikars.
• The move aims to prevent original Mumbaikars from leaving the city and provide financial relief.
• While providing relief, this decision will impact BMC's treasury, which already loses 450 crore rupees annually from existing exemptions.