Tag: UDCPR

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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…

IndustryLatest Stories

NOC Required for Work Near Pune Metro Tunnel (20m Radius)

Representative AI image PUNE: Maha Metro has mandated that builders and property owners secure a No Objection Certificate (NOC) before commencing any construction within 20 meters of a Metro viaduct or tunnel. This regulation aims to guarantee that surrounding development does not jeopardize the structural integrity of the transit system. Failure to obtain this clearance prior to initiating construction will result in severe repercussions, including potential legal actions and financial liability. A Maha Metro official informed TOI that the requirement for an NOC before construction activities is already stipulated under the Metro Railways (Construction of Works) Act and the Unified…