Tag: Nagpur

IndustryLatest Stories

Maharashtra Assembly Eases Land Subdivision Rules for 3 Crore Residents

NAGPUR: On Tuesday, the Maharashtra Legislative Assembly approved an amendment bill aimed at simplifying the subdivision of small land plots in urban areas. The government claims this legislation will benefit approximately three crore residents. The Maharashtra Land Revenue Code (Second Amendment) Bill, 2025, introduced by Revenue Minister Chandrashekhar Bawankule, was passed following a debate in the lower house. This legislative change is expected to help around 60 lakh families, or about three crore residents, residing on small ‘gunthewari’ plots (unauthorized divisions of agricultural land for residential use) in urban settings. With this amendment, the processes of buying and selling small…

Latest StoriesRegulatory

Maharashtra Grants Legal Status to Digital Land Records

Representative AI image NAGPUR: On Thursday, the Maharashtra government officially recognized digitally signed 7/12, 8-A, and property card extracts, signifying a significant transformation in the state’s land administration. Revenue Minister Chandrashekhar Bawankule has instructed district collectors to treat these digital land records as legally binding for all governmental bodies, courts, banks, and registration offices, thereby eliminating a process that has long been hindered by bureaucracy, delays, and dependence on manual signatures. Effective immediately, citizens can download certified copies of their land documents online via the Mahabhumi portal for ₹15. These extracts are embedded with a digital signature, a scannable QR…

CommercialLatest Stories

Nagpur Civic Body Signs ₹129 Crore Sokta Bhavan Deal

NAGPUR: The Nagpur Municipal Corporation (NMC) has made a significant stride in augmenting its non-tax revenue by finalizing a ₹129 crore deal for the revitalization of the dilapidated Sokta Bhavan at Gandhibagh into a contemporary commercial complex, which will also include a Citizen Facilitation Centre. This project, undertaken on a design-build-finance-operate-and-sale (DBFOS) basis, stands as one of the highest-value redevelopment contracts for the civic body in recent years, particularly after several unsuccessful attempts to attract bidders. On November 6, the civic administration issued a Letter of Acceptance (LoA) to PrafulVed Infra Ltd, whose lump-sum offer of ₹129 crore was the…

IndustryLatest Stories

Kesar India Acquires 24,256 Sq M Land in Hingna for Township

Representative image NAGPUR: Kesar India Limited (KIL) has expanded its presence in Nagpur’s rapidly developing real estate sector by acquiring a 24,256 sqm (approximately six acres) land parcel in Hingna, where it plans to launch a high-rise residential and commercial project projected to generate around ₹900 crore in revenue. The company announced that the upcoming project will encompass more than 1.5 million square feet of space, integrating luxury residences with commercial facilities. Officials involved in the project emphasized that it aims to cater to the increasing demand in Nagpur, which is experiencing a surge in population, a lack of housing,…

Latest StoriesRegulatory

Nagpur to Auction 113 Properties for ₹1.9 Cr Tax Recovery

NAGPUR: The Nagpur Municipal Corporation (NMC) plans to auction 113 properties valued at Rs 141 crore to recover unpaid dues of Rs 1.9 crore from tax defaulters. Despite multiple notices and public announcements, these defaulters have yet to settle their arrears. According to the property tax department, the largest outstanding amount is Rs 21.78 lakh for 24 properties in Sitabuldi and Lendra Park. Additionally, Rs 1.20 crore is owed across 48 properties in areas such as Zingabai Takli, Gorewada, Indora, Borgaon, and Mankapur. Other notable dues include Rs 14.43 lakh from 12 properties in Ajni, Somalwada, and Khapri; Rs 13.28…

IndustryLatest Stories

Godrej Properties buys 75-acre plot in Nagpur

Representative AI image NEW DELHI: Godrej Properties (GPL) has successfully acquired a 75-acre land parcel in Nagpur, which has an estimated revenue potential of ₹755 crore. According to Gaurav Pandey, MD & CEO of Godrej Properties, “This acquisition is a significant milestone in our expansion strategy as we aim to enhance our footprint in emerging real estate markets across India.” This marks the third acquisition in Nagpur within the last four years. The planned development on this land will primarily consist of residential plotted units, offering an estimated saleable area of 1.7 million square feet. With this recent acquisition, the…

Latest StoriesRegulatory

Nagpur: Mhada Alleges ₹1.39 Crore Fraud by Private Firm Director

NAGPUR: The Sitabuldi police have initiated a cheating case against Bhupendra Chandrikapure, the director of a private firm engaged by the Maharashtra Housing and Area Development Authority (Mhada) in October 2022 for selling unsold flats built under its schemes. The complaint, lodged by the deputy chief officer of the Nagpur Housing and Area Development Board, claims that Chandrikapure had no authorization to directly collect money from buyers. Nonetheless, between October 2022 and July 2025, he allegedly gathered significant sums from 44 beneficiaries by promising flats and home loans and charging additional fees for electricity connections and other amenities. The victims…

IndustryLatest Stories

Maharashtra approves free regularization for small plot deals

NAGPUR: On Tuesday, the Maharashtra government approved a significant reform to regularize thousands of small land transactions that previously violated the state’s fragmentation law. This initiative aims to provide long-awaited legal recognition to holdings that have remained uncertain for decades. The revenue department has introduced a new operating framework allowing these plots to be regularized without incurring any fees, benefiting nearly 60 lakh property owners. Previously, individuals seeking regularization were required to pay a penalty of 25% of the land’s current market value, which was later reduced to 5%. However, participation remained low. Officials noted that waiving all fees aims…

IndustryLatest Stories

Nagpur Seeks Freehold Status for 332 Shiv Nagar Plots

Representative image NAGPUR: The Nagpur Municipal Corporation (NMC) is preparing to submit a proposal to the state government to grant freehold status to 332 plots in the Shiv Nagar (Mirchi Bazaar) layout. This decision has sparked new political dynamics ahead of the civic elections, as plot holders from the remaining 20 NMC-owned layouts—over 1,300 beneficiaries citywide—are now advocating for similar relief, claiming favoritism and selective action by the administration. The proposal, strongly advocated by Central Nagpur MLA Pravin Datke and endorsed by CM Devendra Fadnavis, aims to convert leasehold plots in Shiv Nagar into freehold. This comes after the government’s…

Latest StoriesRegulatory

Nagpur Forum Hands Two-Year Jail, Fines for Order Violation

NAGPUR: Delivering a strong message regarding compliance with consumer court rulings, the Nagpur District Consumer Disputes Redressal Commission recently sentenced a local builder to two years of simple imprisonment and imposed a fine of ₹10,000 for willfully disobeying a 2016 decision. Under Section 27 of the Consumer Protection Act, 1986, the ruling found the builder guilty of systematically delaying compensation for more than nine years. The case originated in 2015 when a consumer lodged a complaint against a Jaripatka-based builder for failing to deliver property and providing inadequate service. On February 4, 2016, the commission ordered the builder to refund…