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

Nashik civic body accelerates smart city projects to meet implementation deadlines

03 May 2026

The Nashik Municipal Corporation has stepped up execution of multiple smart city projects amid pressure to meet completion timelines under the national Smart Cities Mission. Key works include integrated command and control systems, road infrastructure upgrades, public space improvements, and urban mobility initiatives. The acceleration comes as authorities seek to complete pending components within stipulated deadlines, with a focus on improving service delivery and urban infrastructure. The developments are expected to enhance liveability in Nashik while also influencing real estate activity through improved civic amenities and connectivity across the city.Read more

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Nashik civic body moves to cancel 26 layouts amid MHADA housing irregularities probe

01 May 2026

The Nashik Municipal Corporation has initiated action to cancel 26 tentative layouts as part of an ongoing probe into alleged violations linked to a MHADA housing irregularities case. The move follows findings by the land records department and investigations into non-compliance with mandatory Economically Weaker Section (EWS) housing norms. The action forms part of a broader crackdown involving police cases against developers and scrutiny of multiple housing projects. Authorities indicated that the cancellations are intended to address discrepancies in layout approvals and ensure adherence to planning and housing regulations.Read more

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Nashik civic body to inspect rainwater harvesting systems

26 Apr 2026

Nashik Municipal Corporation is set to intensify enforcement of rainwater harvesting norms across the city, with a renewed inspection drive targeting residential and commercial properties. The initiative comes ahead of the monsoon season and aims to ensure functional compliance in buildings where such systems are mandatory. Civic authorities are expected to penalise property owners with non-operational installations while also exploring incentives for compliant developments. The move reflects a broader push towards sustainable urban water management, amid concerns over groundwater depletion and recurring reliance on tanker supply despite adequate rainfall in previous seasons. The exercise is also likely to influence future regulatory enforcement and compliance standards across Maharashtra’s urban centres.Read more

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Over 45,000 Nashik homes occupied without completion certificates

17 Apr 2026

Over 45,700 residential properties in Nashik are being occupied without mandatory building completion and occupancy certificates from the Nashik Municipal Corporation. Identified largely during a past property survey, these units have already been brought under the tax net despite non-compliance. The highest concentration is seen in Nashik Road, Panchavati and Cidco areas. The city's total property base has grown sharply in recent years, driven by redevelopment and urban expansion. The situation highlights gaps in enforcement, even as civic authorities continue to collect revenue from such properties.Read more

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SRM Contractors secures INR 483 crore Nashik ring road package ahead of 2027 Kumbh Mela deadline

08 Apr 2026

SRM Contractors has been awarded an INR 483 crore contract by the Maharashtra State Infrastructure Development Corporation (MSIDC) for a key package of the Nashik Ring Road project. The contract covers a 14.02 km stretch on the southern side of the 66.15 km corridor, which is being developed to ease congestion and improve connectivity ahead of the 2027 Simhastha Kumbh Mela. The project will be executed under the engineering, procurement and construction (EPC) model with a completion timeline of 12 months. The broader ring road initiative, estimated at over INR 7,600 crore, is a central component of Nashik's infrastructure upgrade plan linked to the upcoming religious event.Read more

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Nashik civic body records highest-ever property tax collection at INR 287 crore

07 Apr 2026

The Nashik Municipal Corporation has recorded its highest-ever property tax collection at INR 287 crore in the financial year 2025-26, reflecting a 10 percent increase over the previous year. The growth was supported by amnesty schemes, early payment rebates, and improved recovery of pending dues. Key divisions like Cidco and Panchavati contributed a major share. The civic body also expanded its tax base by adding new properties, helping improve overall compliance and strengthen revenue performance.Read more

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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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