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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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