Tag: Nagpur

Latest StoriesRegulatory

Property tax dues at ₹2,000 crore: One-third of Nagpur’s budget

NAGPUR: The Nagpur Municipal Corporation (NMC) is grappling with Rs1,919 crore in unpaid property taxes, highlighting significant revenue recovery issues, with 4.54 lakh properties currently defaulting on payments—some for over 25 years. This unpaid tax represents almost one-third of NMC’s proposed budget of Rs5,857 crore for the fiscal year 2026-27. The magnitude of this default isn’t simply a recent occurrence; it reflects a long-standing systemic issue. Data indicates that Rs1,227 crore, approximately 64% of the total arrears, comes from properties that have neglected their taxes for 11 to 25 years. An additional Rs473 crore is owed by defaulters from the…

Latest StoriesRegulatory

3.76 Lakh Owners Skip Property Tax, Nagpur’s Finances Suffer

NAGPUR: The property tax revenue of the Nagpur Municipal Corporation (NMC) has seen a decline in 2025-26, despite a continuous increase in the number of properties, highlighting serious compliance and recovery issues. To date, the NMC has collected Rs252.66 crore, a marked decrease from Rs306 crore gathered in 2024-25, where they achieved 94% of their Rs325 crore target. This reduction comes even with the total property count rising to 836,842, indicating that revenue growth is lagging behind property expansion. Alarmingly, only 460,094 property owners have settled their taxes, leaving 376,000 properties either in default or outside the tax system. Property…

InfrastructureLatest Stories

Two Firms Compete for Nagpur Metro Phase III DPR, Work Starts May

NAGPUR: The tendering process for the detailed project report (DPR) for the Nagpur Metro’s Phase 3 has progressed to the evaluation stage, with two firms participating in the bidding, as confirmed by officials. With the tender now closed, MahaMetro is conducting a technical evaluation of the bids. This critical step will assess the eligibility and capability of the firms involved. “After finishing the technical evaluation, the financial bids will be opened, and the contract will be awarded to the selected agency,” stated a MahaMetro representative. The DPR is crucial as it will outline the plan for Phase 3, which is…

IndustryLatest Stories

Nagpur’s civic body offers 15% rebate for property tax relief

NAGPUR: In response to strong taxpayer engagement, the Nagpur Municipal Corporation (NMC) plans to reintroduce property tax rebates of up to 15%. Officials noted that nearly 44% of property owners took advantage of this incentive last year. According to tax department data, out of 828,497 registered properties, 365,196 property owners utilized the rebate scheme from April 1 to December 31, 2025—showing a participation rate of approximately 44.1%. Officials believe this highlights the success of the incentive-driven strategy in enhancing compliance and increasing revenue. Out of the total, 147,560 property owners made payments online, contributing ₹61.54 crore and enjoying rebates between…

InfrastructureLatest Stories

New Nagpur project land costs could exceed ₹4,000 crore

Representative image NAGPUR: The projected cost for acquiring land for the New Nagpur Business District project is expected to surpass ₹4,000 crore, nearly ₹1,000 crore more than the original estimate of ₹3,000 crore. The final compensation rates for farmers are anticipated to be confirmed within a week. According to collectorate sources, “Once the compensation details are finalized, they will be forwarded to the Nagpur Metropolitan Region Development Authority (NMRDA) to initiate the acquisition process.” The acquisition encompasses land from Mouza Ladgaon (Rithi) and Mouza Godhani (Rithi) in Hingna taluka. A total of 629.43 hectares of private land is being acquired…

InfrastructureLatest Stories

Maharashtra to Speed Up Land Surveys Using Private Firms

Representative Image NAGPUR: The Maharashtra government has announced a comprehensive revamp of land survey procedures, employing trained and licensed private surveyors in every district. This initiative aims to address the growing backlog and expedite development approvals. Revenue Minister Chandrashekhar Bawankule revealed the decision following a meeting with Chief Minister Devendra Fadnavis. The reform is intended to ensure the “accurate, timely, quality, and transparent” handling of land measurement cases. Consequently, an official government order outlining the operational framework has been issued. Under the revised system, land surveys will adhere to pre-determined schedules, with advance notices issued by the deputy superintendent of…

Latest StoriesRegulatory

Nagpur Civic Body’s Stamp Duty Collection Misses Target Again

NAGPUR: In the previous financial year (2025-26), Nagpur city’s stamp duty collection on property transactions reached over Rs 1,700 crore, falling short of the Rs 1,900 crore target by approximately 9%. The overall value of transactions for the fiscal year ending March 31 amounted to over Rs 24,000 crore, with a 7% stamp duty applied. More than 11 lakh deeds were registered in that period. The state government’s decision to maintain the ready reckoner rates unchanged for the current financial year (2026-27) aims to stimulate property purchases, potentially increasing stamp duty collections as a result. The stamp duty target was…

Latest StoriesRera

MahaRERA approves 1,060 housing projects; new ones near 50%

MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has approved over 1,060 housing projects statewide, with nearly half of the new registrations, even as developers request extensions on many ongoing projects. Out of the total approvals, 486 projects received registration numbers, while 426 projects were granted timeline extensions based on revised completion plans submitted by developers. Additionally, 148 projects were approved for corrections on previously accepted proposals, indicating a continuous adjustment within the project pipeline. The surge in approvals reflected increased activity in the 18 days leading up to Gudi Padwa, which is traditionally viewed as a favorable time for…

Latest StoriesRegulatory

Bombay HC: Nagpur Builder to Pay ₹41 Lakh for Demolition

NAGPUR: The Nagpur bench of the Bombay High Court has ordered builder N Kumar to pay ₹41.37 lakh within two weeks for the demolition of illegal structures at Poonam Chambers and Poonam Tower. A division bench, led by Justices Anil Pansare and Nivedita Mehta, issued this directive following detailed cost estimates presented by the civic authority. The estimated costs include ₹31.4 lakh for demolishing unauthorized constructions at Poonam Chambers in the cantonment and ₹9.97 lakh for Poonam Tower, located near Vidhan Bhavan. In response to petitions filed by Kumar and his firm contesting demolition notices issued by the Nagpur Municipal…

IndustryLatest Stories

Maharashtra Decentralises Land Regularisation to Collectors

NAGPUR: On Wednesday, the Maharashtra legislature unanimously approved the Maharashtra Land Revenue Code (Second Amendment) Bill, 2026. This new legislation empowers district-level authorities to regularize most cases of land-use breaches. Introduced by Revenue Minister Chandrashekhar Bawankule, this amendment transitions from a centralized approach to a decentralized one, allowing collectors and divisional commissioners to manage nearly 90% of these cases at the local level. The change is anticipated to alleviate backlog, reduce bureaucratic hold-ups, and improve citizen access to administrative solutions. “Previously, even minor breaches were sent to the Mantralaya, overloading the secretariat and obligating citizens to make numerous trips to…