The Navi Mumbai Municipal Corporation (NMMC) has successfully achieved its revenue collection target, owing to the cooperation of its well-informed citizens. The revenue was generated from various sources, including property tax, water tax, construction permit approvals, and license fees. The Property Tax Department collected INR 826.12 crore, with INR 20.97 crore collected under the Abhay scheme, which offered a 50% discount on penalty charges. The Water Supply Department gathered INR 105.93 crore, while the Urban Planning Department secured INR 381.90 crore from construction permits, primarily from redevelopment projects. Additional revenue was collected through the Licensing Department and local body tax. Future plans include integrating the Bharat Bill Payment System for enhanced convenience.Read more
The City and Industrial Development Corporation (CIDCO) has raised property transfer fees across Navi Mumbai by 5 to 10%, with registered housing societies and commercial shops facing a 50% hike. The revised charges took effect from 2nd April. The increase aligns with market trends and infrastructure development, impacting transactions in key areas such as Vashi, Nerul, Panvel, and Kharghar. Residential property transfer fees now range from INR 27,000 to INR 2,31,000 per square metre, while commercial properties exceeding 200 square metres will attract fees as high as INR 5,84,600 per square metre. CIDCO defended the move as necessary for urban growth despite potential market slowdowns.
Merino Shelters, a MAN Industries subsidiary, has partnered with Paradise Group to develop its 6-acre land in Nerul, Navi Mumbai, over six years. The deal includes an upfront payment of INR 70 crore and 30% of the RERA carpet area, valued at INR 650-INR 700 crore. The total monetisation is estimated at INR 770 crore. The land, near DY Patil Stadium and the upcoming Navi Mumbai International Airport, offers strong growth potential. MAN Industries aims to monetise non-core assets, while Paradise Group sees high development prospects.
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.
Navi Mumbai is rapidly emerging as a prime commercial real estate hub, driven by its strategic location, robust infrastructure, and affordability. The city benefits from excellent connectivity via the Mumbai-Pune Expressway, the Mumbai Trans Harbour Link, and the upcoming Navi Mumbai International Airport. Infrastructure projects like metro expansions and road network improvements further enhance its appeal. Affordable office spaces, coupled with lower operational costs, attract multinational corporations, startups, and Global Capability Centres. The proposed International Corporate Park in Kharghar is expected to be a game-changer. With a projected 13% annual growth rate in commercial real estate, Navi Mumbai presents a lucrative investment opportunity.Read more
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
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.
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
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
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
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
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
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
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
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
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
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
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
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
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