SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Location : Nagpur

NMC to launch AI-based property survey across all city zones next year

03 Nov 2025

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

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Nagpur Smart City Board approves plan to expand and upgrade CCTV network

20 Oct 2025

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

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Nagpur Municipal Corporation to auction 149 properties to recover pending tax dues

15 Oct 2025

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

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Nagpur Municipal Corporation auctions properties to recover unpaid taxes

09 Oct 2025

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

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Nagpur Metro starts work on Maharashtra's longest CLC bridge over Vena River

03 Oct 2025

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

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Nagpur becomes first city in Maharashtra to issue TDR certificates to landowners of encroached plots

26 Sep 2025

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

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Nagpur to launch dignified housing project for sanitation workers under Ambedkar Awas Yojana

13 Sep 2025

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

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NBCC to manage new 1,000-acre business district in Naveen Nagpur

10 Sep 2025

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

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Maharashtra clears INR 6,500-crore plan to develop New Nagpur as a hi-tech hub

06 Sep 2025

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

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Jupiter International to establish INR 10,900 crore integrated solar facility in Nagpur

22 Aug 2025

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

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NMC collects INR 11.4 crore in fines for illegal debris dumping in Nagpur

20 Aug 2025

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

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NMC recovers only INR 300 crore as property tax defaulters rise to 4.6 lakh in Nagpur

07 Aug 2025

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

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Nagpur Metro: New metro line from Sitabuldi to Koradi cleared under Phase 3

03 Aug 2025

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

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Nagpur flood risk grows as retaining wall work stalls across key river zones

28 Jul 2025

Flood risk is rising in parts of Nagpur-especially Pardi, Punapur, Kalamna, Wanjra, Wathoda, and Narsala-due to incomplete retaining walls along the Nag, Pili, and Pora rivers. Despite a INR 57 crore proposal under Maharashtra's flood mitigation program receiving in-principle approval, funds remain unreleased. Of an earlier INR 204.72 crore allocation, only INR 86.63 crore has been disbursed, stalling critical construction and contractor payments. Recent rains have already caused waterlogging, and a 2023 wall collapse near Ambazari dam sparked major damage and public outcry. The Nagpur civic body has appealed to the divisional commissioner, while residents have moved the Bombay High Court to demand urgent action.Read more

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Nagpur: NMC targets illegal use of public space, issues nearly 5,000 fines in six months

23 Jul 2025

Nagpur Municipal Corporation (NMC) has taken strong action against public space encroachments, penalising 4,890 individuals and contractors for leaving construction materials like sand and debris on footpaths and roads. The six-month campaign, led by Commissioner Abhijeet Chaudhari, covered all ten city zones and collected INR 1.16 crore in fines-INR 93.16 lakh from individuals and INR 23.20 lakh from builders. Laxmi Nagar saw the most violations. Under civic rules, materials left in public areas must be cleared within 48 hours or face fines of INR 2,000 (residents) and INR 10,000 (builders). Additionally, over 7,000 were fined for blocking roads with temporary structures. The drive aims to reclaim safe, usable public spaces.Read more

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Siemens to deploy CBTC signalling across 32 stations for Nagpur Metro Phase 2

14 Jul 2025

Siemens has secured two significant contracts from Maharashtra Metro Rail Corporation Ltd (MAHA-METRO), valued at approximately INR 773 crore, to provide cutting-edge signalling and telecommunication systems for the Nagpur Metro Rail Project Phase 2. Spanning a network of 43.8 kilometres with 32 stations, the orders cover the design to commissioning of Communication-Based Train Control (CBTC) and advanced telecommunication systems. The project execution timeline is set at 42 months and aims to enhance safety, efficiency, and passenger experience while supporting Nagpur's urban mobility goals.Read more

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Nagpur sees 28% rise in property tax collections after rebate scheme rollout

19 Jun 2025

The Nagpur Municipal Corporation (NMC) has seen a 28% jump in property tax collections this financial year, thanks to a rebate scheme encouraging early payments. By June 11, NMC collected INR 45.33 crore from 1.16 lakh property owners-up from INR 35.47 crore and 85,581 taxpayers in the same period last year. The scheme offers a 15% discount for online payments and 10% for offline ones made by June 30. Reduced rebates apply for payments until December 31. Laxmi Nagar zone led collections, while zones like Dhantoli and Gandhibagh lagged slightly. The increased revenue will help NMC strengthen city services and meet its annual tax targets.Read more

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Maharashtra inks INR 8,000 crore deal with Max Aerospace for helicopter unit in Nagpur

18 Jun 2025

The Maharashtra government has signed an MoU with Max Aerospace and Aviation to set up a INR 8,000 crore helicopter manufacturing unit in Nagpur. Work on the project is slated to begin in 2026, with the initiative expected to create around 2,000 jobs. This will be Maharashtra's first facility for complete helicopter production, marking a major milestone in India's defence manufacturing drive. The unit will incorporate global technology for integration, testing, and customisation of rotary-wing aircraft. Strategically located near Nagpur airport, the plant supports 'Make in India' and 'Aatmanirbhar Bharat' goals, boosting both local infrastructure and aerospace self-reliance.Read more

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Nagpur introduces property tax rebates for green-certified buildings to promote sustainability

21 May 2025

The Nagpur Municipal Corporation (NMC) has launched a new property tax rebate scheme designed to encourage environmentally sustainable construction across the city. This initiative provides tax discounts of up to 20% for buildings certified by the Indian Green Building Council (IGBC), reinforcing the city's efforts to tackle rising pollution and urban heat. The rebate applies in tiers, with Platinum-certified buildings receiving the highest reduction, followed by Gold and Silver levels. Property owners must apply with valid IGBC certification to avail these benefits, complementing existing incentives for eco-friendly building features such as solar energy and rainwater harvesting.Read more

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