3 hours ago

HSBC India has inaugurated a new branch in Nashik, Maharashtra, as part of its wider strategy to expand wealth banking services for affluent, high-net-worth and non-resident Indian clients across emerging growth centres. Nashik, which has a proposed investment pipeline of 314 projects worth over INR 14,000 crore, joins a list of cities where HSBC has opened branches following Reserve Bank of India approval in 2025 for 20 new locations. The bank now operates 34 branches across 22 Indian cities.Read more

21 Aug 2026

The new integrated terminal at Nashik’s Ozar airport is being fast-tracked for completion by March 31, 2027, ahead of the Simhastha Kumbh Mela. The Nashik-Trimbakeshwar Kumbh Mela Authority reviewed construction progress on August 15 and directed agencies to accelerate the work along with related road and safety infrastructure. The airport expansion, approved at an estimated INR 556 crore, is designed to increase passenger-handling capacity from 300 to 1,000 passengers per hour. The broader works include a new terminal, expanded aircraft parking and passenger facilities, while access improvements are also being pursued.Read more

17 Aug 2026

An alleged scam worth INR 305 crore involving fake work ordeINR for the upcoming Kumbh Mela works in Nashik has come to light, leading to the arrest of two peINRons so far, while several other INRs remain on the run, a local police officer said on Wednesday. The arrested accused, identified as Tanay Mahajan and Narendra Totaram Mahajan, allegedly cheated a complainant of INR 2.17 crore under the pretext of helping him secure a housekeeping work order for the Kumbh Mela. The accused reportedly gained the complainant's trust by showing him a fake work order bearing the Government of India emblem and the name of the Nashik Trimbakeshwar Kumbh Mela Authority.Read more

06 Aug 2026

The Nashik Kumbh Mela Authority has approved an INR 56 crore project to construct a parallel road along the busy Gangapur Road corridor, aiming to reduce traffic congestion ahead of the 2027 Simhastha Kumbh Mela. The new road is expected to improve connectivity to key residential and pilgrimage areas while easing traffic pressure on one of the city's busiest arterial routes. The project forms part of a broader infrastructure development programme being undertaken to prepare Nashik for the large influx of pilgrims and visitors during the religious gathering.Read more

21 Jul 2026

Redevelopment activity is increasing in Nashik as ageing residential buildings are gradually being replaced with newer housing projects. Industry stakeholders attribute the trend to revised development regulations, improved Floor Space Index (FSI) provisions and rising land values, which have made more projects financially viable. With a significant number of older buildings still in use across the city, developers expect redevelopment to remain an important component of Nashik's urban growth and housing supply in the years ahead.Read more

29 Jun 2026

• A total of 46,389 unauthorised properties in Nashik are currently being taxed with penalties, according to Maharashtra Deputy Chief Minister Eknath Shinde.
• The state government has provided eligible property owners an opportunity to regularise their structures under an amnesty scheme.
• The move is aimed at bringing unauthorised developments into the formal system while improving compliance with planning regulations.
• Nashik has witnessed a rise in unauthorised constructions over the years amid rapid urban expansion and growing demand for residential and commercial spaces.
• The initiative is expected to strengthen urban planning, improve municipal records and enhance local revenue collection.Read more

23 Jun 2026

The Nashik Municipal Corporation Commissioner has presented a budget estimate of INR 3,099.85 crore for the financial year 2026-27, prepared under Section 95 of the Maharashtra Municipal Corporation Act. The budget, which follows a revised estimate of INR 3,629.48 crore for 2025-26 under the Commissioner's office, allocates INR 736.96 crore towards capital expenditure, with the largest share nearly half earmarked for construction, electrical, garden, and other capital works. The remaining capital outlay covers town planning, government scheme contributions, corporator development funds, and water supply and sewerage projects.Read more

08 Jun 2026

The Maharashtra government has sanctioned INR 2,267 crore for the acquisition of 191.21 acres of land earmarked for the Sadhu Gram project linked to the 2027 Nashik-Trimbakeshwar Kumbh Mela. The funding, approved through a government resolution issued by the Urban Development Department, will support the creation of a temporary township for seers and religious akharas during the mega religious gathering. The allocation includes compensation for landowners and administrative expenses related to the acquisition process. The state has imposed strict conditions on the utilisation of the funds, warning that any diversion for non-project purposes would be treated as a serious financial irregularity. The approval forms part of preparations to secure the remaining land required for the Kumbh Mela infrastructure.Read more

16 May 2026

The Centre has approved INR 257 crore under the Urban Challenge Fund to support major infrastructure works in Nashik ahead of the Simhastha Kumbh Mela 2027. The projects, proposed by the Nashik Municipal Corporation, are part of a larger INR 1,900 crore development plan focused on roads, water supply, sewerage systems, river rejuvenation and urban mobility. The funding comes as Maharashtra accelerates preparations for the religious gathering expected to attract millions of devotees. Along with civic upgrades, authorities are also focusing on sustainability, traffic management and long-term urban infrastructure improvements across Nashik and Trimbakeshwar.Read more

05 May 2026

The Nashik Municipal Corporation (NMC) has collected approximately INR 76 crore in property tax revenue in the early phase of the current financial cycle, supported by incentives offered for advance payments. Officials indicated that the response from taxpayers improved following the announcement of rebates for early settlement of dues. The civic body has been focusing on strengthening revenue collection mechanisms and encouraging voluntary compliance through structured incentives. The collections form part of NMC’s broader strategy to enhance municipal finances and support expenditure on urban infrastructure and service delivery across the city.Read more

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

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

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

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

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

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

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

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

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

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