27 Jan 2025

Nashik Municipal Commissioner Manisha Khatri has introduced a streamlined approval process for construction projects, delegating sanctioning authority based on project size and risk category. Junior engineers will now approve low-risk residential projects, while larger developments up to 8,000 sq. meters will require approval from higher officials, with only projects over 12,000 sq. meters needing commissioner clearance. The reform aims to reduce delays and simplify procedures, addressing concerns from developers and residents. Khatri's administration is also exploring technology solutions to enhance transparency and communication, positioning Nashik for more efficient urban development and investment growth.Read more

Vidhi Sangoi

14 Jan 2025

The Nashik Metro Neo, India's first rubber-tyred electric coach system, aims to transform urban mobility in Nashik by 2025. Designed for cities with populations up to 2 million, this energy-efficient and cost-effective transit system blends metro-like efficiency with bus rapid transit flexibility. Managed by Maha-Metro, it features two corridors-Corridor 1 (22.5 km, 19 stations) and Corridor 2 (10 km, 10 stations)-connecting industrial zones, residential areas, and key city landmarks. With an estimated cost of INR 2,100.6 crore and funding from the Government of India, Maharashtra, and international institutions like ADB, Metro Neo promises to reduce congestion, lower pollution, and set a benchmark for mid-sized cities nationwide.Read more

13 Jan 2025

The Nashik Municipal Corporation (NMC) has transitioned to a fully online process for building plan submissions and approvals through the Building Plan Management System (BPMS), eliminating offline submissions. This shift, formalized by Municipal Commissioner Manisha Khatri, aims to enhance transparency, efficiency, and adherence to Maharashtra's Unified Development Control and Promotion Regulations (UDCPR). Replacing the earlier AutoDCR system, BPMS has resolved previous technical challenges faced by developers, ensuring seamless operations. The policy aligns with the state government's push for digital governance in urban planning, promoting accountability and streamlined processes for builders and developers in Nashik.Read more

09 Jan 2025

The Maharashtra Housing and Area Development Authority (MHADA) has announced plans to reserve 555 flats in nine residential projects for the economically weaker section (EWS) in Nashik. These flats will be allocated through a lucky draw in the coming months. This move follows the state's 2013 mandate for builders to reserve 20% of flats in large residential projects for low-income groups. Additionally, MHADA is seeking clarification from the Nashik Municipal Corporation (NMC) regarding the EWS reservation rules for projects developed on "final plots," after developers raised concerns about compliance.Read more

06 Jan 2025

The Nashik Municipal Corporation (NMC) recently reported a property tax collection of INR 200 crore, marking a 33% increase compared to the same period last year. This growth is attributed to the success of the amnesty scheme introduced in October 2024, which helped collect INR 55 crore. The NMC had set a target of INR 250 crore for the 2024-25 financial year and needs to collect an additional INR 50 crore within the next three months to meet this goal. With an outstanding tax due of INR 600 crore, including penalties, the NMC is focused on recouping funds through schemes and penalties.Read more

Vidhi Sangoi

06 Jan 2025

The Nashik Metro Neo introduces an innovative, affordable, and eco-friendly transit model specifically designed for mid-sized cities. Combining elements of a metro and a bus rapid transit system, it uses rubber-tyred electric coaches running on dedicated corridors, significantly reducing construction costs and complexity. Spanning over 32.5 km across two main corridors and multiple feeder routes, the system will seamlessly connect key residential, commercial, and industrial areas. With operations expected by 2025, Nashik Metro Neo aims to ease traffic congestion, lower pollution, and spur economic growth. This pioneering approach promises a more sustainable, accessible, and efficient urban transportation solution for Nashik's residents.Read more

PNT Reporter

19 Dec 2024

The Nashik Municipal Corporation (NMC) has extended its amnesty scheme, offering a 95% penalty concession on property tax dues for an additional month. This decision follows a positive response from defaulters over the last two months, during which NMC collected INR 57 crore from approximately 32,000 defaulters. For payments made in January, the penalty concession will be reduced to 85%. The civic body had earlier implemented a similar scheme in 2021, but it received limited success. This year, the NMC aims to achieve its property tax collection target of INR 250 crore, having already collected INR 185 crore so far.Read more

PNT Reporter

05 Dec 2024

The Nashik Municipal Corporation (NMC) has raised INR 27 crore via its amnesty scheme during October and November, attracting around 30,000 property tax defaulters and waiving INR 13 crore in penalties. The total property tax arrears stand at approximately INR 450 crore, with INR 200 crore attributed to penalties. Under the scheme, defaulters can receive up to a 95% penalty waiver if they settle dues by November 30, with further reductions available in December and January. NMC officials expect to recover an additional INR 30 crore as the scheme continues, aiming for a total property tax collection target of INR 250 crore this financial year.Read more

PNT Reporter

29 Nov 2024

The Nashik Municipal Corporation (NMC) reported that 60% of its property tax revenue, amounting to INR 140 crore so far in the ongoing financial year, was collected through online payments. This marks an increase from the previous year's 50%. The civic body introduced several tax rebates, including a 1% discount for online payments and additional incentives for early annual payments. These measures proved effective, enabling the NMC to collect INR 106 crore in the first quarter alone. With a target of INR 250 crore for the current financial year, NMC remains optimistic about meeting its goal.Read more

09 Oct 2024

The Nashik Municipal Corporation (NMC) is offering a one-time opportunity for defaulters to settle their property tax dues with significant penalty waivers' 85% for December payments and 75% for January. The total outstanding property tax stands at INR 6 billion, including INR 3 billion in penalties. Previous efforts in 2021 saw limited success, but this time, the NMC hopes that reduced penalties will spur higher payments. With a INR 2.50 billion target for the year, the civic body is confident of increased collections. Property tax recovery remains crucial, with confiscation looming for non-compliance.Read more

08 Oct 2024

Chief Minister Eknath Shinde has assured the residents of Nashik that he will grant freehold status to all homes built and sold on leasehold by the City and Industrial Development Corporation of Maharashtra (CIDCO). This move addresses a long-standing demand by CIDCO residents, who have been unable to freely develop their properties due to the leasehold nature of the land. Shinde has directed the CIDCO chairman to prepare the necessary proposal for conversion. The chief minister also promised to look into the residents' concerns regarding the high property taxes levied on both residential and commercial CIDCO properties. This decision is expected to provide much-needed relief to Nashik's CIDCO homeowners.Read more

23 Sep 2024

The Nashik Municipal Corporation (NMC) is taking proactive measures to increase its property tax revenue by identifying rented properties in residential areas and levying commercial rates on them. To streamline the process, NMC has shortlisted three private agencies to distribute tax bills and locate rented-out properties. The agencies will start their operations from October 1st, with each handling two of the city's six divisions. The move aims to address the challenge of property owners not informing the civic body about renting out their premises, which has resulted in the city missing out on potential tax revenue.Read more

04 Jul 2024

Nashik, with a population exceeding 1.5 million, is set to see progress on various development projects worth INR 400 crore from the 2024-25 budget. The Nashik Municipal Corporation (NMC) delayed approvals due to the model code of conduct for recent and upcoming elections. With the Lok Sabha and Nashik division teachers' constituency MLC polls concluded, and state assembly elections approaching, the NMC aims to finalize project approvals soon. Projects include upgrades in public works, health, water supply, and town planning, enhancing core infrastructure and services. These developments could boost Nashik's real estate market by increasing property values and attracting new residents and businesses.Read more

11 Mar 2024

Maharashtra Industrial Development Corporation (MIDC) has ordered Indiabulls Real Estate and Indiabulls Industrial Infrastructure (IIIL) to vacate 512 hectares of land in the Special Economic Zone (SEZ) at Sinnar, Nashik district. IIIL, which leased the land in 2007, claims the eviction order is unlawful and said that it has already paid INR 67.7 crores in premium. The company has developed infrastructure and rehabilitated Project Affected Persons (PAPs). MIDC alleges that the company failed to complete development and rehabilitate PAPs within the stipulated timelines. The resolution of this conflict is crucial for the economic growth of Sinnar, a key manufacturing and industrial hub.Read more

26 Feb 2024

The Maharashtra Industrial Development Corporation (MIDC) is nearing the completion of land acquisition for new industrial estates near Nashik. Covering 348 hectares across Maparwadi and Rajur Bahula, MIDC aims to finalise the process by April's end, enabling infrastructure development. Local farmer cooperation indicates a smooth settlement process. Land rates are set at Rs 94 lakh per acre for Rajur Bahula and Rs 52 lakh per acre for Maparwadi. Industry experts, like Manish Rawal, commend the move, envisioning Nashik's growth as a manufacturing hub. The state government's commitment to industrial expansion is evident, poised to fuel economic development and job opportunities.Read more

23 Feb 2024

The Maharashtra Government has allocated INR 145 crore from the district planning committee to develop infrastructure in rural towns of Nashik like Sinnar, Manmad, Bhagur, and others. An additional comprehensive plan of INR 813 crore for the district's development has been approved for fiscal year 2024-25. This funding aims to address critical infrastructure needs and promote balanced development across urban and rural areas, reflecting the government's commitment to enhancing the region's overall growth and prosperity.Read more

05 Feb 2024

Nashik Municipal Corporation (NMC) is set to enhance the city's appeal with a INR 2.5 crore project for beautifying traffic islands and dividers under the National Clean Air Programme (NCAP). This initiative, aimed at revitalizing neglected areas between New Nashik and Nashik East, is awaiting approval from the Standing Committee. The project reflects Nashik's commitment to urban aesthetics and will see a transformation of these spaces over the next three years. This would play a key role in reinforcing the city's reputation as a garden city and improving its overall urban environment.Read more

17 Jan 2024

The Nagpur Municipal Corporation (NMC) has demolished 15 illegal constructions obstructing a drain in Gopal Nagar. Hindered by a lack of police protection, the NMC faced multiple unsuccessful attempts before a High Court petition by locals led to a December 2023 directive for police assistance. The demolitions aimed to address recurrent flooding and health hazards caused by unchecked encroachments. The operation, conducted under heavy police presence, successfully removed all unauthorized structures impeding the drain's flow, marking the resolution of a longstanding issue affecting residents in the Laxmi Nagar zone.Read more

26 Dec 2023

The Nashik Municipal Corporation (NMC) is intensifying efforts to recover property taxes, targeting defaulters with warrants to seize properties from January. Despite issuing notices to over 2 lakh defaulters in November, only Rs 30 crore has been collected out of Rs 150 crore dues. In addition to considering water connection disconnection for defaulters, NMC plans to identify untaxed properties even after receiving building completion certificates. The NMC chief has directed officials to engage with state and central government departments to ensure timely payment of property and water tax dues, emphasizing a comprehensive approach to boost revenue collection.Read more

13 Dec 2023

Following a state government notification revising lease rates for civic body properties, the Nashik Municipal Corporation (NMC) is set to reduce rates for its commercial and socially allocated properties. The government's directive significantly decreases lease rates from 8% to 0.7% for commercial properties and from 8% to 0.5% for properties designated for social causes, impacting 1,900 commercial galas/shops and 1,075 other properties. The revised rates will take effect after the expiration of existing lease agreements, with a committee, chaired by the civic chief, tasked with determining the new rates.Read more