Tag: Nagpur

Latest StoriesRegulatory

Nagpur: I-T Dept Discovers Selective Realty Deal Under-Reporting

NAGPUR: The income tax department has identified a distinct pattern of underreported transactions by the property sub-registrar offices (SRO) in the area during its ongoing investigation. It has been specifically observed that transactions involving a select group of builders in the city were not completely reported in the Statement of Financial Transactions (SFT). Sources indicate this trend has been recurring. The SFT is designed to ensure that every SRO reports property deeds registered for amounts of Rs30 lakh and above to the Income Tax department. This allows them to cross-reference these with the tax returns filed by buyers and sellers.…

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Nazul Land Amnesty Extended; 5,000 Leaseholders in Nagpur Gain

Representative image created by AI NAGPUR: The state government has extended the special amnesty scheme for nazul lands leased for residential purposes in Nagpur and Amravati divisions for an additional year. An order from the revenue and forest departments on Tuesday announced the extension from August 1, 2025, to July 31, 2026. This scheme affects around 12,000 nazul plots in Nagpur, with about 8,000 allocated for residential use, benefiting approximately 5,000 leaseholders in the city. Under the scheme, leaseholders can convert nazul lands into freehold property at a reduced conversion fee. Although a June 2019 order allowed conversion at 5%…

Latest StoriesRegulatory

Nagpur SROs Failed to Report ₹5,500 Crore Real Estate Deals

NAGPUR: The Income Tax Department is probing unreported real estate transactions valued over Rs 5,500 crore, originating from the property registrar’s offices. The investigation began at the Hingna sub-registrar’s office (SRO) and has now expanded to four additional SROs in Nagpur city. According to the Intelligence and Criminal Investigation (IC) wing of the I-T department, it was discovered that a single SRO had reported deals amounting to Rs 2,500 crore that were missing from the Statement of Financial Transactions (SFT). When combined with other SROs under investigation, the total now surpasses Rs 5,500 crore. Sources indicate that this case has…

InfrastructureLatest Stories

Nagpur’s New Plan in Progress; 90% of Old Plan Unused After 25 Years

NAGPUR: After a 25-year stretch, Nagpur is finally moving towards creating a new, comprehensive Development Plan (DP). Following its announcement on June 13, the civic body has collected 43 suggestions from residents before the August 13 deadline, with many calling for the removal of long-standing reservations blocking property development. “Notably, most requests come from landowners within the Nagpur Improvement Trust (NIT) in seven street schemes where plots have been inactive since the last DP in 2000,” reported a senior NMC official. The revised DP, required under the Maharashtra Regional and Town Planning (MRTP) Act, 1966, must be completed within six…

InfrastructureLatest Stories

560+ Fined Monthly for Dumping Construction Waste in Nagpur

Representative image created by AI NAGPUR: The irresponsible dumping of construction materials such as sand, gravel, and cement has become a significant issue in the city, with footpaths and roads frequently turning into temporary storage spaces for builders and contractors. In many areas, pedestrians are forced to walk on busy roads, while vehicles struggle to navigate narrowed paths. According to data from the Nagpur Municipal Corporation (NMC), the Nuisance Detection Squad (NDS) takes action against an average of 564 violators—both individuals and builders—each month. A penalty of ₹1,000 is imposed on individuals, while builders face a higher fine of ₹5,000…

InfrastructureLatest Stories

Maharashtra CM Advocates Housing Near Metro Terminals

NAGPUR: Chief Minister Devendra Fadnavis, while reviewing 30 key infrastructure projects across the state on Monday, advocated for housing initiatives near Metro corridor terminals to optimize land use and improve last-mile connectivity in urban planning. “Housing colonies should be developed next to Metro endpoints to truly leverage our transport infrastructure,” Fadnavis stated during a meeting at the state secretariat. “We have both the technology and resources. These projects should be completed within three years,” he emphasized. The meeting, part of an ongoing series in the Chief Minister’s War Room, involved top bureaucrats and district-level officials via videoconference. This was the…

Latest StoriesRegulatory

Nagpur Tax Defaulters: Just 106 of 460,000 Properties Targeted

NAGPUR: The Nagpur Municipal Corporation (NMC) has commenced property auction proceedings against only 106 defaulters, which represents a negligible 0.002% of the 460,000 property owners who failed to pay their taxes during the 2024-25 fiscal year. Despite property tax arrears amounting to an alarming ₹938.7 crore, excluding penal interest, the NMC’s enforcement actions appear insufficient. Although the civic body has begun auctioning properties to recoup long-overdue payments, the scale of these actions is too minimal to significantly reduce the arrears or deter further tax non-compliance. According to data, the NMC issued 13,224 recovery warrants aimed at collecting ₹126.35 crore. Of…

InfrastructureLatest Stories

Nagpur Metro’s Sitabuldi-Koradi Corridor Finalized for ₹8,625 Cr

NAGPUR: With the rapid progression of Metro Phase 2 across Nagpur and its outskirts, residents can eagerly anticipate the upcoming ‘Metro Phase 3’. Senior MahaMetro officials confirmed, following a high-level stakeholder meeting attended by Chief Minister Devendra Fadnavis and Union Minister Nitin Gadkari, that a new metro corridor between Sitabuldi and Koradi has been finalized as part of the recently disclosed Comprehensive Mobility Plan (CMP). The CMP, created by MahaMetro in partnership with RITES, outlines the development of mass rapid transit corridors in the Nagpur Metropolitan Region based on traffic density, projected ridership, and future mobility needs. There is also…

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30,000 Properties Missing from Nagpur Civic Database, Not Taxed

NAGPUR: A recent land use verification exercise by the Nagpur Municipal Corporation’s (NMC) Development Plan (DP) unit has uncovered 30,000 previously unrecorded structures within city limits. This finding raises significant concerns regarding tax evasion and the reliability of civic data. The DP unit identified these structures while assessing existing land usage as part of its urban planning responsibilities. In response, the NMC’s property tax department has begun a thorough cross-verification of the information. Officials intend to overlay the new discoveries onto the corporation’s existing GIS (Geographical Information System) property database to pinpoint properties that are not currently subject to tax.…

InfrastructureLatest Stories

No Retaining Walls in High-Risk River Zones, Nagpur Homes

Representative image created by AI NAGPUR: The rapid urban development near the Nag, Pili, and Pora rivers in north, east, and south Nagpur has put numerous new settlements at risk of flooding due to a lack of retaining walls. In response, the Nagpur Municipal Corporation (NMC) has proposed a ₹57 crore funding request to the state government for flood mitigation efforts, aiming to construct retaining walls in these vulnerable areas, as confirmed by NMC’s chief engineer, Manoj Talewar. Although the state government has approved the NMC proposal “in principle,” the funds have yet to be released. The proposal identifies critical…