Tag: Nashik

IndustryLatest Stories

Nashik Sees Redevelopment Surge as Residents Exit Aging Buildings

Representative AI image NASHIK: The city is poised for a significant redevelopment initiative, with thousands of aging housing societies and apartment complexes set to be reconstructed over the next three to five years to meet the growing demand for modern residences, improved amenities, and safer buildings. This trend is already apparent in the applications received by Nashik Municipal Corporation (NMC)’s town planning department, with redevelopment projects now accounting for approximately 20-25% of all building plan proposals submitted for approval. To prepare for expected increases in residential density, NMC is simultaneously planning infrastructure upgrades to cater to the city’s needs over…

Latest StoriesResidential

Nashik Records ₹17,543 Crore in Property Deals for FY26

NASHIK: During the financial year 2025-26, property transactions within Nashik city limits reached an impressive Rs 17,543 crore, marking the highest annual turnover to date and indicating persistent growth in the local real estate market. This estimate is derived from the revenue generated by the Nashik Municipal Corporation (NMC) through a 1% local body cess imposed on property registrations. Officials noted that the NMC collected approximately Rs 175.43 crore through this cess during the fiscal year. Under the current registration system, property buyers within the municipal limits are required to pay a 6% duty upon registration. This includes 5% as…

InfrastructureLatest Stories

Nashik Scraps Proposed Greenfield Township at Makhmalabad

NASHIK: The Nashik Municipal Corporation (NMC) has officially cancelled the proposed Greenfield township project in Makhmalabad, halting plans for a new township covering 753 acres on the outskirts of the city. Civic chief Manisha Khatri recently issued an order to scrap the project, which was initially proposed under the Smart City Mission. Sachin Jadhav, the executive engineer from NMC’s town planning department, confirmed the cancellation. “The commissioner has issued the order to cancel the Greenfield township project. This decision emerged due to strong opposition from farmers,” he stated, noting that related legal proceedings in the Bombay High Court also influenced…

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46,000 Unauthorized Properties in Nashik Face Tax Penalties

NASHIK: Deputy Chief Minister and Urban Development Minister Eknath Shinde informed the state legislature on Tuesday that 46,389 properties in Nashik city are currently occupied without authorization and are subject to penalties. In response to a starred question posed by MLC Prasad Lad and others during the monsoon session, Shinde stated that the Nashik Municipal Corporation has registered a total of 600,000 properties. A significant number are being utilized without the necessary building completion and occupancy certificates. He explained that actions have been initiated against these properties under Section 267(A) of the Maharashtra Municipal Corporation Act, as well as following…

Latest StoriesRegulatory

Nashik Collects ₹76 Crore in Property Tax for April 2026

NASHIK: The Nashik Municipal Corporation (NMC) has successfully increased its property tax collection, raking in Rs76.19 crore in April—a 61.71% rise compared to Rs49.99 crore during the same month last year. This surge is attributed to the introduction of an 8% rebate for taxpayers who pay their annual dues in a single installment within the first month of the fiscal year. Civic officials reported, “In April, approximately 1.55 lakh property owners took advantage of this scheme, receiving total rebates of Rs4 crore. This positive response has bolstered our confidence in meeting this year’s property tax goals.” The NMC has set…

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Nashik body moves to cancel 26 layouts tied to MHADA scam

NASHIK: The civic authority has initiated steps to revoke 26 preliminary layouts in the initial phase of actions related to the MHADA housing scam, following the police booking of 197 individuals and the establishment of a state-appointed special investigation team to probe the matter. Officials from the Nashik Municipal Corporation’s (NMC) town planning department indicated that this action was prompted by reports from the land records survey department, which revealed that the tentative layout maps were absent from the department’s official base maps. “The cancellation process for all 26 layouts will begin and is expected to be completed within the…

InfrastructureLatest Stories

Nashik to Launch Drive for Rainwater Harvesting Checks

NASHIK: The Nashik Municipal Corporation (NMC) is set to launch an inspection drive to verify the functionality of rainwater harvesting systems across the city. In line with current regulations, the installation of rainwater harvesting systems is compulsory for all buildings, both residential and commercial, on plots of 500 sqm or larger. Mayor Himgauri Aher emphasized this directive during a recent planning department meeting aimed at assessing the effectiveness of rainwater harvesting for groundwater replenishment. During the meeting, officials reviewed the enforcement of the mandatory rainwater harvesting requirement for buildings exceeding 500 sqm and evaluated the operational status of existing systems.…

Latest StoriesResidential

45,000+ Nashik Properties Lack Building Completion Documents

NASHIK: Over 45,700 unauthorized residential properties in Nashik city remain occupied despite their owners not securing building completion certificates (BCC) and occupancy certificates (OC) from the Nashik Municipal Corporation’s (NMC) town planning department. Residents continue to use these properties without the necessary clearances. “The property tax department has now imposed taxes on all such properties,” a civic official reported. According to data from the NMC, the Nashik Road division has the most unauthorized properties, tallying around 10,400, followed by Panchavati with 9,800. The Cidco division is accountable for about 9,000 properties, while Satpur division has 7,800 unauthorized units. Nashik East…

Latest StoriesRegulatory

SIT to Investigate MHADA Quota Irregularities in Nashik

MUMBAI: Maharashtra Minister Chandrashekhar Bawankule announced on Monday that a special investigation team (SIT) will be formed to investigate alleged irregularities in the implementation of the MHADA quota in Nashik, warning that those who deny the less fortunate their rightful homes will face consequences. This decision follows reports of misconduct concerning the allocation of the 20% MHADA quota designated for economically weaker sections (EWS) and low-income groups (LIG) in Nashik. Under the direction of Chief Minister Devendra Fadnavis, the SIT will be overseen by the Nashik divisional commissioner and will include senior state officials. Bawankule stated, “Those who obstruct the…

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SIT to Probe EWS Quota Violation in Nashik: Maharashtra Minister

Nashik: Revenue Minister Chandrashekhar Bawankule announced on Saturday that the state government will soon establish a Special Investigation Team (SIT) consisting of one IPS and two IAS officers to investigate allegations against 197 developers in Nashik. These developers reportedly evaded the mandatory 20% reservation for economically weaker sections by unlawfully splitting large landholdings into smaller plots. Bawankule revealed that numerous builders, developers, and government officials are suspected of colluding to illegally divide large land parcels to keep the total development area below 4,000 sqm, thereby circumventing the EWS reservation requirement. “Upon reviewing the case’s gravity, it seems evident that there…