09 Nov 2023

Kamat Hotels India Ltd has recently launched a new addition to their upper mid-segment hotel chain, 'IRA by Orchid Hotels,' in Nashik. This strategic expansion follows the successful establishment of two IRA hotels in Mumbai and Bhubaneswar. The new Nashik hotel is ideally situated along the bustling Nashik highway, offering 32 well-appointed rooms with modern amenities. It features two restaurants, 'Makeba' for outdoor dining and 'Crossroads' for formal dining, serving a variety of Indian and continental cuisine. It also provides electric vehicle (EV) charging stations for eco-conscious guests.Read more

08 Nov 2023

The Nashik Municipal Corporation has experienced a significant uptick in property tax payments, with over 27,000 individuals settling their dues amounting to Rs 16 crore following notices to defaulters. The municipal body has served notices to 2.37 lakh people who owe property tax totalling Rs 470 crore, granting them a 15-day ultimatum to pay. Failure to comply will initiate the process of issuing warrants for tax recovery. The NMC aims to achieve its Rs 210 crore property tax collection target for the current fiscal year by the end of the calendar year and is actively pursuing payments from government offices to bolster revenues.Read more

07 Nov 2023

The recent arrest of contractor Nitin Subhash Sharma in a case involving alleged fraudulent activities against the National Project Construction Co-operative Limited (NPCC) has raised significant concerns in the industry. Sharma is accused of engaging in fraudulent practices related to a contractual agreement with NPCC, amounting to over Rs 10 crore. The investigation revealed that Sharma had provided counterfeit Performance Bank Guarantees as part of the contract. This case underscores the importance of strong oversight and regulatory measures to prevent fraud in the construction industry. It also highlights the need for organizations to enhance due diligence processes and scrutiny of contractor guarantees to maintain transparency and integrity in the sector.Read more

01 Nov 2023

The Nashik Municipal Corporation (NMC) has issued notices to a staggering 2.4 lakh property tax defaulters with accumulated dues of almost Rs 470 crore. These defaulters have been given a 15-day ultimatum to clear their outstanding dues, failing which, the NMC will proceed to issue warrants. With a property tax collection target of Rs 210 crore for the current fiscal year, the NMC is cracking down on non-compliance. Panchavati division has the highest number of defaulters, with 59,961 individuals and businesses owing a total of Rs 124.11 crore. The NMC aims to secure government grants by meeting its collection target.Read more

31 Oct 2023

Two government offices in Nashik, including a central government establishment, have made headlines by clearing their property tax arrears, amounting to Rs 4.2 crore, owed to the Nashik Municipal Corporation. This follows the NMC's proactive campaign to prompt government offices to settle their property tax dues, as a collective Rs 20 crore in unpaid taxes looms over approximately 60 state and central government offices. One central government office opted for a service charge agreement, contributing Rs 1.7 crore to resolve their tax dues, while another office on Nashik Road, delinquent for nine years, paid an impressive Rs 2.5 crore in property tax. The NMC's pursuit of service charges from central government establishments aims to meet its property tax target of Rs 210 crore by year-end, and the engagement continues with various government offices to expedite tax settlements.Read more

20 Oct 2023

Nashik Municipal Commissioner Ashok Karanjkar expressed concern over irresponsible disposal of construction waste by builders and contractors. During a meeting with the Godavari pollution prevention cell, he instructed officials to take action against erring individuals. Deputy Commissioner Vijay Kumar Mundhe emphasized strict measures, with fines for offenders. The Nashik Municipal Corporation (NMC) deployed vehicles across its divisions to lift debris, charging Rs 800 per tonne. The NMC urged residents to approach designated offices for lifting such waste or face fines. A work order was also issued to a private firm for constructing and operating a C&D waste recycling plant at Pathradi.Read more

14 Oct 2023

The Nashik Metropolitan Regional Development Authority (NMRDA) is taking decisive steps to combat unauthorized constructions and encroachments across a significant region. Under the leadership of Commissioner Satish Kumar Khadke, the NMRDA is formulating a comprehensive strategy focused on revenue generation and self-sustainability. This proactive approach includes the establishment of clearly defined industrial and recreational zones to streamline construction practices and address unauthorized developments. With over 30,000 cases of encroachments, the NMRDA aims to simplify permissions processes, urging property owners to regularize their structures. This initiative reflects the authority's commitment to curbing disorganized development while fostering industrial growth.Read more

26 Sep 2023

Over the past five years, the Nashik Municipal Corporation has seen a substantial increase in property tax collections through online payments, rising from 7% to 57% in the current fiscal year. This shift has streamlined the process for taxpayers, with Rs 69 crore of the Rs 122 crore collected this year coming from online payments, aided by a 1% concession. The civic body aims to reach a property tax collection target of Rs 210 crore this year, with incentives for prompt payments and plans to engage private agencies for bill distribution.Read more

08 Sep 2023

Nashik Municipal Corporation (NMC) has reversed its previous ban on building projects exceeding 70 meters in height. The decision, which had stirred controversy among builders, was initially made due to the unavailability of a 90-meter ladder for the fire department. With the inability of a company to fulfil the ladder order, the town planning department imposed a two-year moratorium on high-rise projects. However, NMC Commissioner Ashok Karanjkar has now directed the withdrawal of this restriction. Over the past two years, more than 100 projects over 70 meters have received approval.Read more

05 Sep 2023

The NMC is launching inspections of all commercial properties within its jurisdiction to ensure property tax compliance. Some commercial property owners have been avoiding tax payments by operating without civic body registration. This move aims to identify unregistered properties and increase revenue. The NMC also plans citywide property surveys to uncover underutilized properties and unauthorized construction. Currently, property tax collection begins after property owners obtain building completion certificates, but many properties operate without them. The NMC intends to extend taxation to these cases. This proactive approach enhances revenue and promotes equitable property tax compliance.Read more

02 Sep 2023

The Nashik Municipal Corporation is responding to concerns regarding buildings constructed within the Godavari River's blue line areas. The blue line demarcates a boundary aimed at preventing flooding and water-related issues. Unauthorized construction within this zone can disrupt natural river flow, leading to flooding during heavy rains. To address this, the municipal corporation is identifying such buildings and is likely to take actions like relocation and demolition to ensure the city's safety and sustainability. This directive underscores the importance of adhering to regulations for well-planned urban development and environmental protection. It also emphasizes the need to prioritize safety and environmental safeguards in urban expansion efforts.Read more

25 Aug 2023

For a future IT Park, the Maharashtra Industrial Development Corporation (MIDC) has selected a 100-acre area in Rajur Bahula, close to Nashik. Once the final pieces of the property have been acquired, the IT Park will help Nashik expand economically and create new jobs. This action fits with the general national trend that emphasizes technological growth. The program demonstrates the government's dedication to encouraging innovation and luring capital to the technology industry. Nashik's advantageous location and expanding industrial landscape place it in a position to become a prospective IT centre with room to grow and modernize in the future.Read more

22 Aug 2023

The Nashik Municipal Corporation town planning department collaborates to scrutinize property tax compliance for buildings with Building Completion Certificates. This effort aims to integrate BCC-holding properties into the tax framework, as many fail to apply for property tax. About 30,000 such properties, with a potential for Rs 15 crore in annual revenue, have been identified. Last fiscal year's target was Rs 185 crore; now it is Rs 210 crore for fiscal year 2023–24. Current collections stand at Rs 115 crore, with Rs 95 crore needed to meet the current fiscal year's target.Read more

17 Aug 2023

Nashik Municipal Corporation's property tax collection surged by 31 percent, amassing Rs 112 crore from April to August in the current fiscal, a significant rise compared to Rs 85 crore in the previous year. Despite the traditional lull from August to October due to academic admissions, NMC remains resolute about exceeding targets. Assessing 1.27 lakh properties with additional construction, NMC aims to elicit objections for supplementary property tax. It plans a recovery drive for dues over Rs 1 lakh and a survey for untaxed properties. With a target of Rs 210 crore, NMC exhibits robust fiscal commitment.Read more

15 Jul 2023

The Nashik Municipal Corporation (NMC) launches a dynamic recovery drive to collect outstanding property taxes from prominent defaulters. With an accumulated amount of unpaid taxes exceeding Rs 450 crore, the NMC has targeted 1,450 defaulters who owe Rs 160 crore. Notices will be issued, granting defaulters a 21-day ultimatum to settle their dues, followed by stern warnings of property confiscation and eventual auctioning. The NMC aims to collect Rs 210 crore in property taxes for the fiscal year and has seen success through innovative rebate schemes, surpassing previous collection records.Read more

27 Jun 2023

The Nashik Municipal Corporation (NMC) plans to impose a 2 percent penalty on property owners who fail to settle their biannual property tax obligations for the 2023-24 fiscal year by June 30. The NMC provides discounts to those who promptly pay their taxes, but penalties will be applied to those who do not take advantage of the discount scheme. The NMC encourages property owners to check their outstanding dues and make online payments through their official websites. Additionally, the NMC sends reminders and payment links via SMS and WhatsApp to property tax owners.Read more

23 Jun 2023

Nashik City's local government has achieved a remarkable 25 percent increase in property tax collection, amassing Rs 75 crore in just 75 days. This success can be attributed to the implementation of a rebate scheme that entices taxpayers with incentives ranging from 6 percent to 8 percent. Around 1.7 lakh taxpayers have taken advantage of the rebate scheme, resulting in a rebate amount of Rs 4 crore. With an optimistic goal of reaching Rs 90 crore, the Nashik Municipal Corporation aims to collect an additional Rs 15 crore in the next 15 days.Read more

25 May 2023

Over 26,000 landless families in Nashik have been granted plots for housing construction under the Pradhan Mantri Awas Yojana (PMAY). With a total of 32,798 applications received, the district administrations have cleared approximately 80% of the proposals. The highest demand for land came from Jalgaon district, where 19,936 out of 23,207 applications were approved. Additionally, the state government has launched the Maha Awas Yojana to provide affordable housing solutions. Out of 1.10 lakh applications received, 85,750 have been completed so far. The authorities are determined to meet the housing needs of the people in a timely manner.Read more

01 Jan 1970

The Nashik Municipal Corporation (NMC) is set to auction properties of 73 major property tax defaulters next month, targeting those who ignored earlier confiscation notices. Each defaulter owes over INR1 lakh, and the crackdown follows warnings sent to 425 such cases. The city faces over INR250 crore in unpaid property taxes from more than 1.5 lakh defaulters. Earlier this fiscal year, NMC ran an amnesty scheme offering up to 90% penalty rebates, which over 60,000 defaulters used, resulting in INR30 crore in waived penalties. Property tax is crucial for city services, and auctions are being used as a last-resort recovery method.Read more