Kotak Mahindra Bank: RLLR: 0.75 | From: 8.7% - To: 10.5%
Union Bank of India: RLLR: 0.5 | From: 8.5% - To: 10%
Bank of Baroda: RLLR: 0.5 | From: 9.25% - To: 11%
HDFC Bank: RLLR: 0.75 | From: 8.5% - To: 8.8%

Location : Navi Mumbai

Navi Mumbai: Government excludes stilt parking height from 12.5% scheme building limits

The state government has announced that the height of stilt parking will no longer count towards the permissible building height under the 12.5% scheme in Navi Mumbai. This decision aims to facilitate redevelopment projects that were previously hindered by height restrictions. Deputy Chief Minister Shri Eknath Shinde stated that the Unified Development Control and Promotion Regulations (UDCPR) will be updated immediately to reflect this change. The 12.5% scheme, initiated by CIDCO in 1994, allocates developed land to project-affected persons (PAPs) whose land was acquired for Navi Mumbai's development. By excluding stilt parking from height calculations, the government seeks to accelerate redevelopment and benefit numerous residents in the region.

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Navi Mumbai Municipal Corporation to auction seized properties over tax arrears

The Property Tax Department of the Navi Mumbai Municipal Corporation (NMMC) has decided to auction seized properties with outstanding tax dues. Notices have been issued to 454 property owners across eight wards, urging them to clear their arrears immediately to avoid auction proceedings from April 2025. Under the Maharashtra Municipal Corporation Act, properties with unpaid taxes face seizure and subsequent auction. To facilitate the process, authorised government valuers are being appointed. Additionally, NMMC has introduced the 'Abhay Yojana', offering a 50% waiver on late payment charges until the end of March 2025, with tax payment centres remaining open on weekends.Read more

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CIDCO allots 7,850 flats under affordable housing scheme in Navi Mumbai

CIDCO has allocated 7,850 flats under its mass housing scheme across five nodes Taloja, Kharghar, Kalamboli, Ghansoli, and Dronagiri in Navi Mumbai. The draw, aimed at economically weaker sections (EWS) and lower-income groups (LIG), was conducted for nearly 1.24 lakh applicants. The scheme offered 5,300 flats under the EWS category and 2,500 under the LIG category, priced between INR 18 lakh to INR 31 lakh. CIDCO also offered a 5% rebate on the base cost for immediate payment. Successful applicants must pay 25% within a month and the remaining balance as per a 7-year schedule. CIDCO has tied up with several banks and NBFCs to facilitate loans for the buyers.

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Navi Mumbai Water Transport Project gains momentum with terminals and water taxis planned

The Navi Mumbai Water Transport Project aims to provide a faster and eco-friendly commuting alternative between Mumbai and Navi Mumbai, reducing road congestion. Key developments include the Nerul Passenger Water Terminal (NPWT) and passenger jetties along Mumbai's western and eastern coasts, connecting major locations via water taxis. The INR 1,300 crore Eastern Water Transport Project, backed by CIDCO and the Maharashtra government, will enhance connectivity with South Mumbai, Elephanta Island, and the upcoming Navi Mumbai International Airport. Despite bureaucratic hurdles, the project is set to improve transit efficiency, boost regional infrastructure, and support sustainable urban mobility.Read more

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Navi Mumbai Municipal Corporation announces Abhay scheme offering 50% relief on water bill penalties

The Navi Mumbai Municipal Corporation (NMMC) has introduced the Abhay scheme, aimed at recovering outstanding water bill payments from its customers. The initiative provides a 50% discount on late fees and penalty amounts for all categories of water bill payers, including gram panchayats connected to the primary water channel between Morbe Dam and Kalamboli. The scheme is set to be implemented from 21 March 2025 to 31 March 2025, encouraging citizens to clear their dues within this timeframe. The NMMC has urged residents to take advantage of this opportunity to settle pending payments.Read more

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Navi Mumbai Municipal Corporation initiates auction of seized properties with tax arrears

The Navi Mumbai Municipal Corporation's Property Tax Department announced its decision to auction seized properties with pending property tax dues. The civic body has begun the process of appointing authorised government valuers to assess these properties. Citizens whose properties are under seizure action have been urged by Municipal Commissioner Dr Kailash Shinde to clear their outstanding tax liabilities immediately to avoid the auction of their assets. A public advertisement has been issued, and responses from 10 government-registered valuers have been received. The Corporation also encouraged citizens to benefit from the ongoing 'Abhay' scheme offering a penalty waiver for lump sum payments.Read more

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Navi Mumbai: NMMC offers up to 75% penalty waiver on property tax payments

Navi Mumbai Municipal Corporation (NMMC) has launched a special amnesty scheme for property tax defaulters from March 1 to 31, 2024, to boost tax collection. Taxpayers paying between March 1 and 20 will receive a 75% waiver on penalties, while those paying between March 21 and 31 will get a 50% waiver. The scheme is voluntary and applies only if the full outstanding tax amount is paid at once. Payments can be made online or at NMMC offices. As of now, NMMC has collected INR 530 crore against a target of INR 801 crore. No concessions apply after March 31.Read more

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Affordable Housing: CIDCO to build over 67,000 affordable homes in Navi Mumbai under PMAY

The City and Industrial Development Corporation (CIDCO) is spearheading one of India's largest public housing projects in Navi Mumbai under the Pradhan Mantri Awas Yojana (PMAY). Spread across 600 acres at 20 locations from Vashi to Taloja, the initiative aims to deliver 67,235 affordable housing units catering to economically weaker sections (EWS) and low-income groups (LIG). Prices for EWS flats start at INR 25 lakh, while LIG flats can reach over INR 97 lakh. Earlier this year, 5,000 units were sold, with keys handed over to several families. The project is expected to be completed in phases by the end of 2027.Read more

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Navi Mumbai: NMMC intensifies action against abandoned vehicles and unauthorized hawkers

The Navi Mumbai Municipal Corporation (NMMC) has intensified its efforts to ensure the roads and footpaths within its jurisdiction remain accessible to citizens. Municipal Commissioner Dr. Kailash Shinde has been regularly reviewing the city's management, highlighting the nuisance caused by abandoned vehicles and unauthorized vendors. These issues have been disrupting both traffic flow and the city's cleanliness. In response, the Encroachment Department has been instructed to issue notices to vehicle owners and take strict action under Sections 230 and 231 of the Maharashtra Municipal Corporation Act, 1949. Additionally, a campaign will soon be launched to remove unauthorized hawkers and vendors from sidewalks to restore public spaces to their intended use.Read more

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Navi Mumbai introduces modernised online property tax system with upcoming BBPS integration

The Navi Mumbai Municipal Corporation (NMMC) has launched a newly updated online property tax collection system, aimed at simplifying the payment process for residents. Municipal Commissioner Dr Kailash Shinde introduced this modernised system earlier this week, integrating advanced technologies such as net banking, UPI, QR codes, and digital wallets. As a result, online tax payments have reportedly increased by nearly 15%. Additionally, the Bharat Bill Payment System (BBPS) is set to be implemented within the next 2 weeks, offering residents 24x7 access to make secure payments through major banks and digital platforms. Furthermore, the Municipal Corporation has introduced the Abhay Yojana, granting a 50% concession on late payment penalties for arrears, encouraging citizens to settle outstanding dues by the end of March.Read more

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Navi Mumbai News: NMMC introduces Abhay Yojana and BBPS to streamline property tax payments

The Navi Mumbai Municipal Corporation (NMMC) has launched Abhay Yojana, offering a 50% concession on late penalty charges for property tax defaulters who clear their dues between March 10-31, 2025. However, only full payments qualify for the discount. Amidst ongoing legal action against defaulters, NMMC has also introduced the Bharat Bill Payment System (BBPS) to simplify tax payments. Citizens can now pay via UPI, online banking, debit/credit cards, and mobile wallets through the NMMC website and mobile app. A 24/7 helpline (022-62531727) has been set up for assistance. These initiatives aim to boost tax collection, improve transparency, and enhance civic administration.Read more

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Navi Mumbai International Airport: NMIA moves closer to operations with aerodrome licence application and AIPS release

The Navi Mumbai International Airport (NMIA) is progressing towards its mid-May commercial launch, marked by the release of the Aeronautical Information Publication Supplement (AIPS) by the Airports Authority of India (AAI). The AIPS has identified approximately 225 obstacles around the airport, and these are being looked into. Airlines such as Air India and IndiGo are preparing to initiate services at NMIA, with phased transitions planned to ensure a smooth shift of domestic operations. Developed jointly by Adani Airport Holdings Limited (AAHL) and the City and Industrial Development Corporation of Maharashtra (CIDCO), NMIA aims to alleviate congestion at Mumbai's current international airport CSMIA. Future plans include a dedicated VVIP terminal by 2030.Read more

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Navi Mumbai to modernize public transport with electric and CNG buses

Navi Mumbai Municipal Transport (NMMT) is set to modernize its fleet by replacing diesel buses with electric and CNG vehicles, backed by a INR 270 crore budget allocation. Currently operating 255 electric buses, NMMT plans to add 140 more next year. Charging stations and CNG refueling points will be installed through PPP and EPC models. The upgrade includes an Intelligent Transport Management System (ITMS) for improved scheduling, tracking, and mobile ticketing. Expanding routes and leasing a commercial complex in Vashi will boost revenue. This initiative aligns with sustainability goals, enhancing public transport efficiency in the Mumbai Metropolitan Region.Read more

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Navi Mumbai International Airport expected to begin operations in May

The Navi Mumbai International Airport (NMIA) is anticipated to be inaugurated in May, as confirmed by officials familiar with the matter. The Directorate General of Civil Aviation (DGCA) recently conducted an assessment of the airport. The latest review indicated that 90 percent of the issues identified previously had been resolved. The airport operator is set to apply for an aerodrome license by the end of February, with the Aeronautical Information Publication (AIP) expected to be approved by early March and published before the end of April. Once this process is completed, the airport is expected to begin operations. The new airport is projected to handle 10-12 million passengers annually, with further expansion plans in place.Read more

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Navi Mumbai Municipal Corporation approves budget for 2025-26 with focus on development and sustainability

The Navi Mumbai Municipal Corporation (NMMC) has approved its revised budget for 2024-25 and the original budget for 2025-26, with a total deposit of INR 5,709.95 crore and an estimated expenditure of INR 5,684.95 crore, leaving a balance of INR 25 crore. The budget prioritises financial discipline, infrastructure, education, healthcare, and sustainability. Tax rates remain unchanged. Measures such as efficient revenue collection, and innovative funding strategies aim to boost municipal finances. Environmental initiatives, improved healthcare facilities, and expansion of civic services reflect NMMC's commitment to making Navi Mumbai a thriving, well-planned, and green urban centre.Read more

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Navi Mumbai joins 'Super Swachh League,' leads in waste and water management

Navi Mumbai Municipal Corporation (NMMC) has been included in the 'Super Swachh League' along with Indore and Surat in the Swachh Survekshan rankings. A 21-member study group from the Indian Institute of Management (IIM) Indore recently visited NMMC to understand wastewater management practices. The delegation explored key infrastructure, including the sewage treatment plants and recycled water usage. Additionally, a special meeting led by Municipal Commissioner Dr. Kailash Shinde was held with construction professionals, architects, and contractors to encourage the use of tertiary treated water for construction and industrial purposes. Experts highlighted the benefits of treated water in reducing dependency on drinking water, with industry representatives expressing their willingness to cooperate.Read more

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Navi Mumbai: NMMC mandates use of recycled water for construction to combat water scarcity

Navi Mumbai Municipal Corporation (NMMC) currently operates seven sewage treatment plants utilising advanced Sequencing Batch Reactor (SBR) technology. To optimize the use of treated wastewater, tertiary treatment plants equipped with Ultra Filtration and Ultraviolet-Based Technology have been established at Koparkhairane and Airoli under the Central Government's Amrut Mission. The recycled water, post-tertiary treatment, is supplied to industries in the TTC Industrial Area for non-potable use. With redevelopment projects underway and declining rainfall leading to a drinking water shortage, the municipal corporation has mandated that developers utilise tertiary treated recycled water for approved construction projects to ensure efficient water management.Read more

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CIDCO signs major MoUs to drive economic and infrastructural growth in Navi Mumbai

The City and Industrial Development Corporation (CIDCO) has entered into four significant Memorandums of Understanding (MoUs) at the World Economic Forum in Davos to propel economic and infrastructural advancements in Navi Mumbai. These agreements include a collaboration with Eruditus to develop an International Educity with an investment of INR 20,000-INR 25,000 crore, expected to generate 20,000 direct jobs. Additionally, BookMyShow is set to establish a large-scale outdoor entertainment arena in Maharashtra with an investment of INR 1,700 crore, creating approximately 500 jobs. Other key MoUs include a INR 25,000 crore data centre project with Panchshil Realty and a INR 1,500 crore logistics park with Welspun World, aiming to boost Maharashtra's digital and logistics sectors.Read more

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Navi Mumbai Municipal Commissioner conducts surprise bicycle inspection of roads

In an ongoing effort to enhance Navi Mumbai's cleanliness, Municipal Commissioner Dr. Kailash Shinde recently led an extensive cleanliness campaign across the city's eight divisions. Special attention was given to minimising air pollution by clearing accumulated dust from roads, footpaths, and dividers. Dr. Shinde personally conducted an unannounced inspection of the Airoli division, travelling by bicycle to assess the ground reality more effectively. During his visit, he issued directives to improve cleanliness, remove encroachments, and enhance green spaces. Senior officials from various departments accompanied him, ensuring swift implementation of his instructions.Read more

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Navi Mumbai: NMMC intensifies action against construction-related pollution in Navi Mumbai

The ongoing construction activities within Navi Mumbai Municipal Corporation's (NMMC) jurisdiction have led to excessive noise and air pollution, primarily due to basement excavation. In response, the Hon'ble High Court of Mumbai passed an order in 2023 mandating pollution control measures. Based on this directive and public complaints, the NMMC, under the guidance of Municipal Commissioner Dr. Kailash Shinde, formulated and implemented a Standard Operating Procedure (SOP) on 1 August 2024. During inspections, violations of the SOP were identified, leading to notices being issued to 87 developers, with fines amounting to INR 1.40 crore collected. The NMMC is now taking stricter actions, including stop-work notices, against persistent offenders, reinforcing its commitment to pollution control.Read more

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