Tag: Nagpur

Latest StoriesRera

MahaRERA: Over 6,300 Unresolved Complaints by December 2025

PUNE: The Maharashtra Real Estate Regulatory Authority (MahaRERA) currently has 6,366 unresolved complaints, according to the state economic survey for 2025-26 presented in the legislative assembly on Thursday. This underscores a persistent backlog in disputes between homebuyers and developers. As of December 2025, a total of 53,012 real estate projects were registered with MahaRERA. The authority has received 32,377 complaints since its inception, resolving 26,011, which leaves 6,366 still pending. The survey highlighted that MahaRERA was established under the Real Estate (Regulation and Development) Act of 2016, to regulate the real estate sector by ensuring transparency, financial accountability, and protection…

IndustryLatest Stories

Maharashtra Cancels NA Tax for Urban Housing, Waives Dues

NAGPUR: The Maharashtra government has abolished the annual non-agricultural (NA) tax imposed on urban housing societies, providing relief to countless flat owners across the state. Revenue Minister Chandrashekhar Bawankule announced this decision in the Assembly during the Budget Session, following a query from legislator Bhimrao Tapkir. Bawankule stated that all overdue payments and arrears have been canceled. This applies to all urban residential properties, whether they are newly built or older structures. “The previously collected tax and outstanding dues have been scrapped, which will offer significant financial relief to housing societies and apartment owners,” he informed the Assembly. Tapkir highlighted…

IndustryLatest Stories

Over 75% Mihan PAPs Receive Developed Plots: Maharashtra CM

NAGPUR: On Wednesday, the state government updated the legislative council that the distribution of developed plots to eligible project-affected persons (PAPs) from the Mihan project in Nagpur district is ongoing, with over 75% having received their plots. In a written statement, Chief Minister Devendra Fadnavis revealed that more than Rs 100 crore has been disbursed to 2,048 out of 2,701 affected individuals as part of employment assistance. This information came in response to a question from MLCs Krupal Tumane, Manisha Kayande, and Hemant Patil, who noted that approximately 2,000 hectares of farmland in five villages across Nagpur and Hingna talukas…

IndustryLatest Stories

Nagpur: Just 11.7% of ₹190 Crore Property Tax Dues Under Review

NAGPUR: Only 11.7% of the outstanding Rs190.33 crore in commercial property tax dues is currently under warrant action in Nagpur. Among 2,062 non-residential defaulters, warrants have been issued for just 359 properties — a mere 17.4% — highlighting a significant gap between potential revenue and actual enforcement. The data shows that most unpaid commercial property taxes involve high-value properties — those with dues exceeding Rs5 lakh. A total of 229 establishments have defaulted on a staggering Rs157.01 crore. However, warrants were issued against only 53 properties, totaling Rs16.70 crore, leaving 176 major defaulters — responsible for over Rs140 crore —…

IndustryLatest Stories

Private firms to manage 60 property registration centers; Pune, Mumbai first

Representative AI image PUNE: The state government plans to establish 60 property registration offices across Maharashtra, managed by private institutions, to simplify the process, enhance efficiency, and reduce waiting times—albeit at an additional cost, officials informed TOI on Friday. The proposed centers are designed similar to passport service centers and will operate alongside the current 517 government-run sub-registrar offices. Officials stated that the revenue department approved the proposal last year, and its implementation will occur in phases. In the first phase, five centers will be launched in Mumbai, Pune, Thane, and Nagpur. “We anticipate opening them within six months. Tenders…

Latest StoriesResidential

Online Booking for 518 EWS Flats in Nagpur Begins Feb 24

NAGPUR: Nagpur Municipal Corporation (NMC) has announced a new initiative aimed at supporting the economically weaker section (EWS) of the city by launching online applications for 518 affordable housing flats under the Pradhan Mantri Awas Yojana (Urban) 2.0. On Sunday, Mayor Neeta Thakre and Municipal Commissioner Abhijeet Chaudhari revealed that registrations will commence at 3 PM on February 24 and will close at midnight on March 31. Allotments will be conducted through a computerized online lottery system. The initiative will include 518 flats consisting of 210 one-bedroom-hall-kitchen (1 BHK) and 308 two-bedroom-hall-kitchen (2 BHK) units, situated at Mouza Nari in…

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Commercial Plots for Project-Affected Farmers in New Nagpur

Representative AI image NAGPUR: Maharashtra’s Revenue Minister Chandrashekhar Bawankule introduced a “historic” package for the New Nagpur initiative on Friday. He stated that landowners affected by acquisitions would now receive commercial plots alongside monetary compensation, as the government began gathering eligibility lists for a potential farm loan waiver. During a media briefing in Nagpur, Bawankule highlighted that the updated package represents a significant shift from the previous policy, which only provided financial compensation. Under the new framework, farmers in commercial zones will also receive developed plots, reinforcing support for the project and expediting the city’s growth. Additionally, the state launched…

InfrastructureLatest Stories

Nagpur’s Phase-III: 55km to Become Metro’s Longest Stretch

Representative AI image NAGPUR: The Nagpur Metro expansion will now include a 25km stretch along the Inner Ring Road, connecting Mankapur Chowk to Rachana Junction (Hingna T-point) as part of Phase 3. Shortly after MahaMetro issued a tender for the Detailed Project Report (DPR) for this phase, it was officially confirmed that this corridor would be a part of the plan. Union Minister Nitin Gadkari also validated its inclusion during a press conference on Monday. This expansion marks Nagpur Metro’s largest undertaking to date, totaling an estimated 54.5 km, as outlined in the Comprehensive Mobility Plan (CMP) approved last July.…

InfrastructureLatest Stories

Developing Areas Within 500 Meters of Nagpur Metro

Representative AI image NAGPUR: MahaMetro has launched Land Use Action Plans (LAPs) pursuant to the Transit-Oriented Development (TOD) strategy to convert Nagpur’s Metro corridors into dense, multimodal growth areas. This was stated by MahaMetro MD Shravan Hardikar during the second session of the Advantage Vidarbha event on Sunday. According to Hardikar, regions within a 500-meter radius of Metro stations will experience increased development density and enhanced land-use efficiency. The LAPs aim to transform station precincts into cohesive urban hubs, ensuring seamless connectivity and improved last-mile access. These zones will facilitate mixed-use development, bringing together offices, educational institutions, retail, healthcare, and…

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Over ₹303 Crore in Unpaid Property Taxes: Big Defaulters Hurt NMC

NAGPUR: The ongoing financial challenges faced by the Nagpur Municipal Corporation (NMC) result less from inadequate revenue sources and more from its inability to address major tax defaulters. According to data from the property tax department, 474 commercial property owners in the city owe over Rs 5 lakh each, resulting in an alarming total outstanding amount of Rs 303 crore. This unpaid debt consists of Rs 137 crore in arrears, Rs 151 crore in penalties, and Rs 14.90 crore in current demands. These amounts suggest prolonged non-payment and ineffective enforcement measures. Despite ongoing claims regarding recovery initiatives, these high-value defaulters…