Tag: Nagpur

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…

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.…

IndustryLatest Stories

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…