Kesar India Limited has purchased a 24,256 sq metre land parcel in Hingna, Nagpur, to develop a mixed use high-rise project spanning over 1.5 million sq ft, with projected revenue of around INR 900 crore. The acquisition reflects growing demand in Nagpur for integrated residential and commercial developments, driven by population growth, rising incomes, and infrastructure improvements such as the Samruddhi Expressway. The project aims to meet the needs of both residents and businesses. The move strengthens Kesar India's presence in one of Maharashtra's fastest-growing real estate markets.Read more

Nagpur Municipal Corporation is set to auction 113 properties worth INR 141 crore to recover around INR 1.9 crore in unpaid property taxes. The auctions, scheduled between December 12 and January 16, cover properties in multiple zones including Sitabuldi, Lendra Park, Zingabai Takli, Gorewada, Indora, Borgaon, Mankapur, Ajni, Somalwada, Khapri, Pardi, Hiwri, Subhedar Layout, and Sakkardara. The initiative is part of NMC's ongoing strategy to enforce tax compliance and enhance municipal revenue, following previous auctions earlier this year targeting overdue payments from other properties.Read more

State-owned NBCC Ltd has received an order worth nearly INR 3,000 crore from the Nagpur Metropolitan Region Development Authority (NMRDA) for developing the initial phase of the Naveen Nagpur township project. The agreement, formalised earlier this week, covers the construction of the first segment of a 1,710-acre integrated township, marking one of the region's largest planned urban development initiatives. NBCC, which had signed an MoU with NMRDA earlier this year, has been appointed as the Executing and Implementing Agency as well as the Project Management Consultant.Read more

Godrej Properties has purchased a 75-acre land parcel in Nagpur to develop a residential project focused mainly on plotted housing. With this acquisition, the company crossed its INR 20,000 crore annual new business development target for the current financial year. The upcoming project is expected to offer around 1.7 million sq ft of saleable area and generate an estimated INR 755 crore in revenue. This marks the developer's third land purchase in Nagpur in the last four years. The deal follows another acquisition in South Bengaluru announced a day earlier for a township project.Read more

A large industrial and logistics park by XSIO, being developed in partnership with Blackstone and the Maharashtra government, is coming up along the Samruddhi Expressway near Nagpur. With a committed investment of INR 5,127 crore, the park is projected to generate more than 10,000 direct and indirect jobs. Built in phases and designed around sustainability and smart infrastructure, the project aligns with the state's push for modern logistics centres under its logistics policy. The development also supports Nagpur's growing role as a logistics hub.Read more

Maharashtra has approved a state guarantee of INR 3,000 crore for a HUDCO loan to acquire land for the International Business and Finance Centre in Nagpur. The project, part of the 'New Nagpur' initiative, will be developed by NMRDA across 692 hectares in Godhani and Ladgaon villages. The total loan planned is INR 6,500 crore, with strict conditions ensuring the state bears no liability for defaults. NMRDA must submit regular reports, and any sale of mortgaged assets requires committee approval. The IBFC aims to make Nagpur a central Indian business hub.Read more

The House of Abhinandan Lodha (HoABL) made a grand entry into Nagpur with the announcement of its upcoming project Nagpur Marina through a striking aerial display over Futala Lake. Pilots flew paramotors carrying banners to introduce the brand, symbolising the marina-inspired lifestyle HoABL aims to bring - blending tranquillity with community living. CEO Samujjwal Ghosh said the launch marks a key milestone as Nagpur emerges as an economic and lifestyle hub, while CMO Saurabh Jain described the showcase as a creative, immersive brand experience. Founded in 2020, HoABL has rapidly grown across India, combining technology and transparency to redefine modern, trust-based real estate ownership.Read more

The Nagpur Municipal Corporation (NMC) is set to launch a city-wide AI-driven property survey across all ten zones-its first since 2016-to improve property tax accuracy and address inefficiencies in manual record updates. A pilot in Laxmi Nagar revealed 2,000 new properties and 7,000 with unrecorded structural or usage changes, highlighting gaps in the existing system. The new survey will focus solely on built-up properties, combining AI mapping with door-to-door verification to assess real-time changes. With property tax arrears exceeding INR 900 crore, the initiative aims to enhance revenue, ensure fair valuations, and promote transparency in urban governance. The survey rollout is expected early next financial year.Read more

The Nagpur Smart and Sustainable City Development Corporation Limited (NSSCDCL) has approved the preparation of a Detailed Project Report (DPR) to enhance the city's CCTV surveillance system. The plan aims to identify areas with limited coverage, repair defunct cameras, and integrate new high-resolution cameras in key intersections, public spaces, and sensitive zones. With 3,686 cameras already installed under the Smart City initiative, many have stopped working due to poor maintenance. Kerala State Electronics Development Corporation Limited (Keltron) has been tasked with a five-year maintenance plan costing INR 70 crore.Read more

The Nagpur Municipal Corporation (NMC) has stepped up its efforts to recover outstanding property taxes by identifying 149 properties for auction, targeting dues of INR 3.29 crore. This follows the recovery of INR 95.3 crore through tax warrants, yet total arrears exceed INR 938.7 crore. Zones like Mangalwari, Lakadganj, Satranjipura, Dhantoli, and Nehru Nagar account for most auctionable properties. NMC is prioritizing large commercial and institutional defaulters to enhance tax compliance and generate funds for critical projects, including the Nag River Pollution Abatement Project.Read more

The Nagpur Municipal Corporation (NMC) has intensified efforts to recover property tax dues by conducting auctions and attaching assets in multiple zones. In Lakadganj, 19 properties were targeted, with owners of five properties paying INR 10.45 lakh, while five others were auctioned for INR 1.66 crore. In Laxmi Nagar, assets of M/s Premier Technology Pvt Ltd were attached for unpaid taxes totaling INR 13.54 lakh. NMC officials have warned defaulters of strict legal actions under the Maharashtra Municipal Corporation Act if dues remain unsettled.Read more

Nagpur Metro has started building Maharashtra's longest balanced cantilever (CLC) bridge along the Reach-3A Hingna corridor under Metro Phase-2. The 271-meter bridge will cross the Vena river without any piers in the water, using a specialized construction technique to ensure stability while preserving the river ecosystem. Developed by Kalpataru Projects International Limited with design by KPIL's Ayesa team and independent validation by VNIT Nagpur, the bridge is part of a INR 378 crore project with seven stations. Completion is expected in 18 months, enhancing connectivity and metro travel efficiency in the region.Read more

Nagpur Municipal Corporation (NMC) has started issuing transferable development rights (TDR) certificates to private landowners whose plots were encroached by slum dwellers. The initiative, guided by Chief Minister Devendra Fadnavis, makes Nagpur the first city in Maharashtra to implement such a scheme. Landowners can monetise their rights through TDR sales, while slum families will soon receive government-approved leases. The move settles decades of disputes, provides legal and financial relief to property owners and residents, and follows the broader TDR practices used in Maharashtra's urban redevelopment.Read more

Nagpur Municipal Corporation is set to launch a housing project under the Dr. Babasaheb Ambedkar Awas Yojana, providing 392 two-bedroom flats of 500 sq. ft. each for sanitation workers at Mauja Nari. The INR 93 crore initiative has received DPR approval, with bhoomipuja expected soon. Alongside housing, the state has introduced reforms allowing educated children of sanitation workers to pursue jobs beyond sanitation roles. A COVID-19 memorial will also honor workers who lost their lives during the pandemic. Efforts are underway to regularize 4,407 sanitation workers before Diwali, supported by a new facial recognition attendance system to enhance monitoring.Read more

State-owned NBCC Ltd has entered into an agreement with the Nagpur Metropolitan Region Development Authority (NMRDA) to take forward the 'Naveen Nagpur' project. The understanding, signed in the presence of Maharashtra Chief Minister Shri Devendra Fadnavis, appoints NBCC as project management consultant for the development. The business district will span around 1,710 acres, with 1,000 acres earmarked for immediate use and 710 acres reserved for future expansion.Read more

The Maharashtra government has cleared the INR 6,500-crore New Nagpur project, aimed at setting up a hi-tech business and finance hub in Hingna taluka. Spread across 692 hectares in Godhni and Ladgaon, it will feature an International Business and Finance Centre and is being implemented by the Nagpur Metropolitan Region Development Authority (NMRDA) with NBCC (India) Ltd as consultant. Of the total outlay, INR 3,000 crore will be used for land acquisition and INR 3,500 crore for Phase I development, funded by a HUDCO loan backed by the state government.Read more

In a major move to expand its manufacturing footprint, photovoltaic solar cell manufacturer Jupiter International Ltd. has signed a memorandum of understanding (MoU) with the Maharashtra government to build a new integrated solar manufacturing facility in Butibori, Nagpur. The proposed project involves a substantial investment of around INR 10,900 crore and will cover the entire solar value chain, from wafer manufacturing to advanced solar cell and module production. This initiative is a key part of Jupiter International's long-term strategy to build a vertically integrated solar platform and contribute to India's renewable energy future.Read more

Nagpur Municipal Corporation's Nuisance Detection Squad has been actively penalizing individuals and builders for illegal dumping of construction materials, such as sand, gravel, and cement, on public roads and footpaths. Despite imposing fines averaging INR 12.42 lakh per month, the issue persists, with certain zones like Laxmi Nagar and Hanuman Nagar recording the highest number of violations. The ongoing encroachment of public spaces continues to cause pedestrian inconvenience and traffic congestion.Read more

Nagpur Municipal Corporation (NMC) has recovered only a small fraction of its total property tax dues of INR 938.7 crore for FY 2024-25. While over 4.6 lakh properties are in default, just 106 were auctioned. Recovery through warrants, attachments, and notices also remained limited. Officials pointed to slow enforcement and low compliance. Even with partial collections, NMC has fallen short of the financial demands required to maintain civic services.Read more

Nagpur's Metro Phase 3 has received formal approval in a high-level meeting with CM Shri Devendra Fadnavis and Union Minister Shri Nitin Gadkari. MahaMetro and RITES have prioritised the 11.5 km Sitabuldi-Koradi corridor, featuring Nagpur's first underground stretch and expected to serve 1.47 lakh daily riders by 2054. A second route, Mankapur Chowk-Rachana Junction, will begin with bus services and may shift to metro later. The city's CMP spans 3,780 sq km and includes outer ring roads, electric buses, parking, and freight terminals. A feeder bus from Kasturchand Park will connect to key offices in Civil Lines and Sadar to ease last-mile travel and encourage metro use.Read more