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

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

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

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

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

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

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

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

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

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

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

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

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

13 Jan 2026

The Maharashtra government has announced a new incentive to boost urban redevelopment in Nashik, offering developers additional floor space index (FSI) for eligible projects. The move is aimed at reviving ageing residential and mixed-use buildings by improving project viability and attracting private investment. Incentive FSI allows higher construction in return for better infrastructure, open spaces, parking and public amenities. With many old structures in Nashik needing upgrades, the policy seeks to support safer housing, efficient land use and improved living conditions. The initiative reflects the state's push to extend redevelopment support beyond major cities, positioning Nashik for renewed urban growth and modern housing supply.Read more

Mumbai News Desk

11 Jan 2026

The Nashik Municipal Corporation has successfully collected INR 66 crore in property tax arrears through a recently concluded amnesty scheme, raising its total property tax collections for the year to INR 208 crore. Around 86,000 property owners settled outstanding dues and benefited from penalty rebates totaling INR 22 crore, with waiver rates ranging from 85% to 95%. Despite a temporary slowdown in recovery due to staff being assigned election duties, officials remain confident of achieving the full-year target of INR 275 crore by intensifying follow-up actions and recovery drives.Read more

03 Jan 2026

The widening of Nashik's Rane Nagar vehicular underpass on the Mumbai -Agra highway is now expected to take an additional month, extending beyond the original December completion plan. The project, which started in mid 2025, aims to add two extra lanes to ease congestion on service roads and separate crossover traffic. Crossover movement reopened in November after partial underpass extension. Ramps for the associated flyover are also under construction. Nearby, the Indiranagar underpass is undergoing similar upgrades, impacting local traffic flows and detours in the area.Read more

02 Jan 2026

The National Highways Authority of India (NHAI) has initiated preparations for the detailed project report (DPR) to widen the Kopargaon Malegaon highway to four lanes, a key route connecting north-west Maharashtra. As part of the DPR, NHAI will assess the feasibility of a bypass around Yevla to divert heavy traffic away from the town centre. The Pimpalgaon Jalal toll plaza has been closed following the end of its contract, and the highway is now fully managed by NHAI. The project addresses long-standing concerns over traffic congestion and safety along this important freight and commuter corridor.Read more

08 Dec 2025

Nashik Municipal Corporation collected INR 196 crore in property tax over the past eight months, showing an 8% rise from the INR 181 crore collected during the same period last year. Cidco contributed the highest share, followed by Panchavati, Nashik East, Nashik West, Nashik Road and Satpur. The civic body has covered 71% of its full-year target of INR 275 crore. The rise is linked to early-payment rebates and an amnesty scheme for defaulters. Despite this progress, around INR 400 crore in pending dues still remain.Read more

08 Dec 2025

A well-known Nashik builder was taken into custody earlier this week after being accused of cheating flat buyers in a case valued at around INR 23 crore. Buyers had reportedly paid the full amount and taken possession of their homes, but the builder did not execute the sale deeds. Instead, he allegedly mortgaged the same flats to a private finance company to raise funds. When the loan defaulted, the lender initiated auction proceedings, leaving residents shocked and prompting them to file a police complaint.Read more

24 Nov 2025

Nashik's Ozar Airport is set for a major INR 556 crore expansion in preparation for the upcoming Simhastha Kumbh Mela, scheduled from October 2026 to July 2028. The project includes constructing a new integrated terminal building, which will raise the airport's passenger capacity from 300 to 1,000 per hour. The Maharashtra government will sign a Memorandum of Understanding with Hindustan Aeronautics Limited (HAL) to execute the work, which the divisional commissioner has directed to be completed by March 2027. Ancillary facilities will also be upgraded to handle increased traffic.Read more