Tag: Nagpur

Latest StoriesRegulatory

Nagpur to Auction 149 Properties for Unpaid Taxes

NAGPUR: The Nagpur Municipal Corporation (NMC) is intensifying its efforts to recover long-overdue property taxes, targeting 149 properties for auction in an attempt to collect ₹3.29 crore. So far, it has successfully retrieved ₹95.3 crore through property tax warrants. Currently, property tax arrears in Nagpur have exceeded ₹938.7 crore. A recent report highlighted that 261 prime properties are in default, each owing more than ₹25 lakh, collectively amounting to ₹442.34 crore in arrears. As of September 2025, the property tax and assessment department has issued 10,042 warrants under Taxation Rule 42, covering outstanding dues of ₹95.31 crore. Out of these,…

Latest StoriesRegulatory

Nagpur Civic Body Auctions Properties to Recover Tax Dues

NAGPUR: In a significant move against property tax defaulters, the Nagpur Municipal Corporation (NMC) initiated property auctions and asset seizures in the Lakadganj and Laxmi Nagar zones to recover unpaid dues. In Lakadganj Zone (Ward 08), a public auction on Friday featured 19 properties in Mauja Pardi and Mauja Nagpur. During the event, five property owners settled their dues with a total of Rs10.45 lakh, while another five properties valued at Rs1.66 crore were successfully auctioned. Nine properties are still pending, and owners have until October 10, 2025, to make payments; otherwise, the NMC will auction them under the Maharashtra…

CommercialLatest Stories

Maharashtra Cabinet Greenlights Policy to Double Global Centres by 2030

AI-generated image (representative) NAGPUR: On Tuesday, the state cabinet approved a new policy aimed at attracting investments in Global Capacity Centres (GCCs). The initiative emphasizes Tier-2 and Tier-3 cities such as Nagpur, Nashik, and Chhatrapati Sambhaji Nagar, with a goal of increasing the number of GCCs in the state to 800. This policy, effective from 2025 to 2030, seeks to draw in investments totaling ₹50,600 crore and create 400,000 new jobs. Currently, Maharashtra is home to 400 GCCs that employ 400,000 individuals. With this decision, Maharashtra joins other states like Gujarat, Karnataka, Madhya Pradesh, and Uttar Pradesh in having a…

IndustryLatest Stories

Nagpur: 862 Acres to Be Removed from Kamptee Defence Zone

NAGPUR: The proposed excision plan for the Kamptee Cantonment aims to release nearly 862 acres from military control, making it available for real estate development subject to the Yerkheda Nagar Panchayat’s approvals. The draft proposal, submitted by the cantonment board to the state government on April 16, is currently awaiting a response. Sources indicate that the Ministry of Defence (MoD) will make the final decision once the state government replies. The defence land begins about midway along the Nagpur-Kamptee Road and extends to the midpoint of the Kanhan River. The intent is to remove significant areas from military jurisdiction outside…

IndustryLatest Stories

Nagpur: 260+ Properties Default on ₹442 Crore Tax

NAGPUR: The Nagpur Municipal Corporation (NMC) is facing significant challenges in securing funding for essential projects, now compounded by the revelation that 261 prime properties in the city have defaulted on property tax payments exceeding Rs 25 lakh each, with total arrears reaching a shocking Rs 442.34 crore. If NMC can recover even some of these dues, officials believe it could greatly benefit the Nag River Pollution Abatement Project. As per official records, the most substantial defaults occur in the Hanuman Nagar zone, where 21 properties collectively owe Rs 106.02 crore. This is closely followed by Lakadganj zone with 29…

IndustryLatest Stories

Nagpur First in State to Issue TDR Certificates for Encroached Land

NAGPUR: In a groundbreaking initiative in Maharashtra, the Nagpur Municipal Corporation (NMC) has commenced the distribution of Transferable Development Rights (TDR) certificates to original landowners whose properties have been encroached by slum residents. This initiative, spearheaded under Chief Minister Devendra Fadnavis, aims to address a long-standing conflict between landowners and encroachers. For years, private land plots in Nagpur were taken over by slum clusters, hindering landowners from developing their properties while residents lacked legal rights due to insufficient documentation. This state government scheme seeks to resolve both issues—landowners will receive TDR certificates that can be sold for financial compensation, while…

Latest StoriesResidential

Government to expedite land rights for Bengali families in Gadchiroli

NAGPUR: Revenue Minister Chandrashekhar Bawankule announced on Friday that efforts will be accelerated to grant land ownership rights to approximately 40,000 Bengali families in Gadchiroli. These families originally migrated from East Pakistan following the partition. This decision brings significant relief to the descendants of those who fled East Pakistan and established their lives on land that they have never owned. Earlier reports indicated that government intervention had facilitated land ownership for families from West Pakistan. Bawankule stated that the district collector has been instructed to prepare a priority proposal so that the long-standing matters of ownership transfer can finally be…

Latest StoriesResidential

Nagpur to Launch Housing Project for Sanitation Workers Soon

NAGPUR: The Nagpur Municipal Corporation (NMC) is set to initiate a housing project under the Dr. Babasaheb Ambedkar Awas Yojana. Shersingh (Satish Dagor), chairman of the Maharashtra State Safai Kamgar Commission, announced on Monday that the first phase will include the construction of 392 two-BHK flats, each spanning 500 square feet, in mauja Nari at an estimated cost of ₹93 crore. A detailed project report has been approved, and Chief Minister Devendra Fadnavis is expected to conduct the bhoomipuja soon. “This project has been long overdue, but it has now overcome all obstacles and will provide dignified housing for sanitation…

CommercialLatest Stories

NBCC Partners with NMRDA to Develop Naveen Nagpur

NEW DELHI: NBCC (India) has entered into a memorandum of understanding (MoU) with the Nagpur Metropolitan Region Development Authority (NMRDA) to develop Naveen Nagpur, envisioned as the International Business & Finance Center (IBFC) in the metropolitan area. Naveen Nagpur will encompass approximately 1,710 acres (692 hectares), with the business district occupying about 1,000 acres and leaving 710 acres for future growth. The initiative aims to establish commercial facilities for startups, MSMEs, IT firms, and offices, alongside residential and mixed-use projects. NBCC has been designated as the project management consultant for the 1,000 acres earmarked for the business district. The execution…

InfrastructureLatest Stories

Maharashtra Approves ₹6,500 Crore for Hi-Tech ‘New Nagpur’

NAGPUR: On Wednesday, the state cabinet approved the ambitious ₹6,500-crore ‘New Nagpur’ initiative, designed to create a high-tech city and business hub in Hingna taluka. This project aims to position Nagpur alongside India’s leading tech cities, such as Hyderabad and Bengaluru, featuring an International Business and Finance Centre (IBFC) intended to foster a modern ecosystem for industries, startups, and corporate offices. The Nagpur Metropolitan Region Development Authority (NMRDA) is responsible for implementing the project and has engaged NBCC (India) Limited as the project consultant, leveraging their extensive experience in large-scale urban developments. A senior official stated that work will commence…