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 : Nashik

DeHaat launches NHB-backed grape cluster programme in Nashik to support export-oriented horticulture

28 Mar 2026

DeHaat, in partnership with the National Horticulture Board under the Ministry of Agriculture, has launched a grape cluster development programme in Nashik, Maharashtra. The initiative aims to improve India's competitiveness in global horticulture markets by encouraging adoption of premium, export-oriented grape varieties. The programme offers financial assistance of 30-50 per cent across components such as irrigation, varietal expansion and post-harvest infrastructure, alongside end-to-end value chain support. It is expected to strengthen farm productivity, improve quality standards and enhance export linkages in one of India's key grape-producing regions.Read more

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Nashik sees sharp rise in redevelopment with over 16,000 ageing properties rebuilt in seven years

27 Mar 2026

Redevelopment activity in Nashik has accelerated significantly, with more than 16,000 ageing properties reconstructed over the past seven years, according to data from the Nashik Municipal Corporation. The surge reflects a shift from low-rise, ageing structures to multi-storey developments driven by safety concerns, rising land values, and regulatory changes. Around 2,500 properties have been redeveloped annually in recent years, primarily comprising houses, bungalows, and small residential buildings. The introduction of the unified Development Control and Promotion Regulations (DCPR) in 2020, which relaxed floor space index norms, has played a key role in enabling higher density redevelopment and improving project viability across the city.Read more

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Nashik revenue authorities initiate Section 257 proceedings against 439 individuals over alleged land subdivision fraud

26 Mar 2026

Revenue authorities in Nashik have issued revision notices to 439 individuals linked to 49 land transactions, invoking Section 257 of the Maharashtra Land Revenue Code, 1966, over alleged manipulation of land records. The action relates to claims that developers used fabricated subdivision maps to fragment land parcels below 4,000 sqm, thereby avoiding the mandatory 20 per cent reservation for economically weaker section (EWS) and low-income group (LIG) housing. The transactions span multiple localities including Adgaon, Deolali and Mhasrul. Authorities estimate that such practices may have resulted in the loss of nearly 6,500 affordable housing units. Hearings have been scheduled, with officials warning of further action, including removal of names from land records, in cases of non-compliance.Read more

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Nashik civic body extends deadline for utility works on Kumbh-linked roads

23 Mar 2026

The Nashik Municipal Corporation has extended the deadline for completing utility works on 28 key roads linked to the 2027 Simhastha Kumbh Mela. The move allows additional time for laying underground infrastructure such as water pipelines, drainage lines, gas pipelines, and optical fibre networks before road construction begins. These roads are part of a larger infrastructure push worth around INR 1,270 crore aimed at improving connectivity across Nashik and Trimbakeshwar. The extension reflects coordination challenges among agencies, while ensuring that roads are not repeatedly dug up after completion.Read more

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Builder arrested in Nashik for alleged violation of EWS housing quota across multiple residential projects

20 Mar 2026

A developer has been arrested in Nashik in connection with alleged violations of the mandatory Economically Weaker Section (EWS) housing quota across 49 residential projects. The action follows a police investigation into complaints that builders and landowners collectively bypassed the requirement to reserve 20% of project land for EWS housing in developments exceeding 4,000 sq m. Authorities have named around 197 individuals, including developers and landlords, in the case. Investigators have alleged that forged documents were used to fragment land parcels and evade regulatory thresholds. The case, registered earlier this month at Sarkarwada police station, stems from findings of a district-level inquiry into compliance with Maharashtra's housing policies of 2013 and 2017.Read more

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Over 150 landowners and developers booked in Nashik for alleged evasion of mandatory EWS housing quota through forged land records

14 Mar 2026

Police in Nashik have registered a cheating and forgery case against more than 150 landowners and developers in connection with alleged violations of Maharashtra's inclusive housing regulations. The case, filed at Sarkarwada police station following a land records department complaint, stems from an inquiry into residential projects that allegedly bypassed the mandatory 20% reservation for Economically Weaker Section (EWS) housing in developments exceeding 4,000 sq m. Investigators found that several developers and landowners had allegedly split large land parcels into smaller plots through fabricated documents to remain below the regulatory threshold and avoid allocating EWS units. The projects fall within the jurisdiction of Nashik Municipal Corporation, where such reserved housing is required to be handed over to the Maharashtra Housing and Area Development Authority (MHADA). Authorities said more than 100 projects across the city are under scrutiny as the investigation continues.Read more

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Nashik municipal corporation records highest-ever property tax collection of INR 272 crore

14 Mar 2026

The Nashik Municipal Corporation (NMC) has recorded its highest property tax collection so far, reaching INR 272 crore in the current financial year. The amount has already crossed the civic body's annual target of INR 270 crore, marking a record in the corporation's 43-year history. Officials expect the collection to rise further before the financial year ends through ongoing recovery efforts. The increase has been supported by stricter enforcement against defaulters, expansion of the tax base and incentives for timely payments. Around 30,000 additional properties were also brought under the tax net during the year.Read more

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Nashik municipal corporation adds 30,000 properties to tax net, expanding city’s revenue base

07 Mar 2026

The Nashik Municipal Corporation has expanded its property tax base by bringing nearly 30,000 additional properties under assessment during the current financial year. With these additions, the number of taxable properties in the city has crossed six lakh. Civic officials said the properties were identified through surveys and verification drives conducted across municipal limits. Taxes are now being levied on these units as part of the city's regular property tax system. The move is expected to improve municipal revenue while ensuring that previously unregistered or unassessed properties contribute to the funding of civic infrastructure and services.Read more

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Nashik civic body to spend INR 135 crore repairing roads damaged by utility works

06 Mar 2026

The Nashik Municipal Corporation has approved a plan to spend INR 135 crore in the current financial year to repair city roads that have deteriorated following repeated excavation for utility installations, particularly by Maharashtra Natural Gas Ltd (MNGL) and other service providers, civic officials said earlier this week. The funding includes an unspent provision of INR 60 crore from the current year and INR 75 crore earmarked under the draft budget for 2026-27. The work will address uneven surfaces and potholes in major localities such as Panchavati, Gangapur Road, Nashik Road and Nashik West, where poorly restored trenches have caused traffic delays and increased accident risks. Municipal Commissioner Manisha Khatri confirmed contractors have been appointed and repair operations, including resurfacing and pothole filling, are scheduled to begin in the coming months as part of broader infrastructure maintenance efforts.Read more

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Nashik mandates equal use of premium FSI and TDR to invigorate development

24 Feb 2026

The Nashik Municipal Corporation (NMC) has imposed a regulatory requirement that developers must use premium Floor Space Index (FSI) and Transfer of Development Rights (TDR) in an equal 50:50 ratio for all construction projects governed by the city's 2020 Development Control and Promotion Regulations. The move, directed by municipal commissioner Manisha Khatri, is intended to revitalise waning demand for TDR, stabilise its market value and facilitate the city's acquisition of land earmarked for public amenities and infrastructure. Nashik's basic permissible FSI is 1.10, with additional FSI available through premium FSI and TDR, but heavy reliance on premium FSI had weakened the TDR market in recent years, reducing interest among landowners to surrender land in exchange for TDR. By enforcing parity between the two mechanisms, NMC aims to restore balance in the real estate development regime, address stalled land reservations and reduce the financial burden of cash compensation for land acquisition. Officials believe the equal mix will benefit civic planning, landowners and the realty sector by encouraging use of TDR alongside premium FSI.Read more

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Nashik civic body issues fresh notices to property tax defaulters, recovery drive intensifies

20 Feb 2026

The Nashik Municipal Corporation has expanded its property tax recovery drive by issuing notices to 500 additional defaulters, each owing more than INR 1 lakh. With this, the total number of notices served in the ongoing phase has reached 950. The civic body is working to bridge a revenue gap of nearly INR 52 crore against its annual target of INR 270 crore. Officials said recovery efforts slowed earlier due to election-related duties but have now gained pace with stricter follow-ups and enforcement measures.Read more

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Nashik airport upgrade gathers pace to prepare for Simhastha Kumbh Mela traffic

18 Feb 2026

Nashik's Ozar airport is set to undergo a major infrastructure upgrade costing INR 572 crore to handle the sharp rise in passenger movement expected during the upcoming Simhastha Kumbh Mela. The project includes a new terminal building, expanded aircraft parking, additional check-in counters, and improved passenger facilities. Once completed, the airport's passenger handling capacity will increase more than threefold. The upgrade is part of wider preparations to strengthen transport infrastructure in and around Nashik ahead of the large religious gathering.Read more

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Nashik Municipal Corporation targets high-value property tax defaulters amid revenue shortfall

17 Feb 2026

The Nashik Municipal Corporation (NMC) has stepped up its property tax recovery efforts by issuing notices to 450 defaulters with outstanding dues of more than INR 1 lakh each, as part of a drive to bridge a significant shortfall in revenue collection for the current financial year. With property tax receipts lagging against the target set by the civic body, officials said the administration is intensifying follow-ups after a period during which staff were deployed on election-related duties. The accumulated gap has prompted divisional teams to focus on both current liabilities and long-pending arrears built up over several years. Sustainable revenue mobilisation has become particularly urgent as NMC prepares to fund its share of infrastructure costs for the upcoming Simhastha Kumbh Mela, with enhanced recovery actions set to continue alongside routine collection measures.Read more

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Mahindra plans INR 15,000 crore manufacturing investment in Maharashtra

10 Feb 2026

Mahindra Group has announced a plan to invest INR 15,000 crore in Maharashtra over the next ten years, including a large integrated automobile and tractor manufacturing facility in Nagpur. The plant is expected to start production in 2028 and will be Mahindra's largest manufacturing unit in the country, with capacity exceeding 5 lakh vehicles and 1 lakh tractors annually. The group will also acquire land in the Igatpuri-Nashik region to expand product, engine and advanced technology operations, strengthening its long-standing manufacturing presence in the state.Read more

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Nashik civic body sets March 10 deadline for property tax objections

09 Feb 2026

The Nashik Municipal Corporation (NMC) has asked property owners in the city to verify their property tax assessment details and submit objections, if any, by March 10. The civic body has opened property registers for public inspection at its six divisional offices. Around 5.90 lakh properties are currently on record. NMC has clarified that objections will be accepted only after all pending property tax dues are cleared. The exercise follows earlier surveys that identified unauthorised additional construction, which led to revised tax assessments.Read more

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Nashik delivers over 75,000 rural homes to beneficiaries on Republic Day

31 Jan 2026

Nashik district handed over more than 75,000 newly built houses to rural beneficiaries on Republic Day, marking a significant milestone in government housing initiatives. Approximately 51,000 houses were built under the Pradhan Mantri Awas Yojana (Rural), while around 24,000 were delivered through various state housing schemes. Beneficiaries included families from Scheduled Castes and Tribes, low income groups, widows, and persons with disabilities. The district administration coordinated with Panchayati Raj institutions, gram panchayats, and local officials to ensure timely completion, payment, and handover of homes, advancing the goal of & housing for all.Read more

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Nashik civic body tightens property tax recovery push for 2025-26

28 Jan 2026

The Nashik Municipal Corporation has intensified its property tax recovery drive to meet the INR 275 crore target set for the 2025-26 financial year. By late January, collections had reached INR 212 crore, leaving a gap of INR 63 crore. Revenue mobilisation slowed during the election period, but field-level action has resumed. Earlier, an amnesty scheme helped recover INR 66 crore from nearly 86,000 defaulters. The civic body is now focusing on notices, follow-ups, and enforcement to address current dues and a backlog nearing INR 500 crore.Read more

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Nashik buses to adopt National Common Mobility Card for cashless travel

27 Jan 2026

The Nashik Municipal Corporation (NMC) is set to introduce the National Common Mobility Card (NCMC) on city buses to enable cashless ticketing. Around 250 buses operating on over 60 routes will adopt the prepaid, rechargeable card, which aims to reduce dependence on cash, speed up boarding, and minimize disputes over ticket payments. Officials are preparing technical systems and training staff for smooth implementation. This move aligns Nashik with other major Indian cities using NCMC and could eventually extend to Metro, tolls, parking, and other transport payments.Read more

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RM Drip to expand manufacturing with new Nashik plant

18 Jan 2026

RM Drip and Sprinklers Systems is set to establish a new manufacturing facility in Nashik through its proposed subsidiary, Brahmanand Pipes Pvt Ltd, with an annual capacity of 12,000 tonnes. This expansion will increase the company's production capacity by approximately 50 per cent and cater to higher demand across irrigation, infrastructure, and industrial segments. The plant will produce a range of products, including drip irrigation systems, HDPE pipes, and industrial piping solutions. Founded in 2004, RM Drip has a strong presence in multiple Indian states.Read more

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Nashik’s Neo Metro project continues to face uncertainty after prolonged delays

13 Jan 2026

Nashik's Neo Metro project, envisioned as a modern urban transit system, has remained stalled for nearly eight years despite receiving state-level approval. Planned as a rubber-tyred, air-conditioned metro spanning about 32 km, the project was estimated at INR 2,092 crore and was highlighted in the Union Budget. However, the absence of Union Cabinet approval and changing traffic patterns following the start of airport operations have led authorities to reassess its feasibility. Maha Metro is now studying alternative transit models better suited to the city's current mobility needs.Read more

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