Nashik Municipal Corporation gears up for a second Rs 200 crore municipal bond issue by February 2026 to fund Kumbh Mela 2027 preparations and 24/7 water supply. Following the successful first bond listing on NSE with CM Fadnavis present, NMC taps into its Rs 1,000 crore borrowing capacity for urban upgrades.
The Nagpur Municipal Corporation's proposal to convert 332 leasehold plots in Shiv Nagar to freehold status has triggered significant political controversy, with plot holders across other NMC layouts demanding similar relief and questioning selective policy implementation.
Nagpur Municipal Corporation secures 3.1 hectares in Chikhli Khurd for a vital 35 MLD sewage treatment plant, approving ₹11.77 crore compensation. This move bolsters wastewater management in expanding zones, preventing pollution, and aligns with the 2026 commissioning under the revised Nagpur Development Plan amid urban growth pressures.
Nashik Municipal Corporation has clinched ₹3,200 crore from the Kumbh Mela Authority to gear up for the 2026-2028 Simhastha Kumbh Mela. This includes ₹1,050 crore for snapping up 250 acres in Tapovan to expand Sadhugram, aiming to house 5-10 lakh sadhus comfortably during the grand event.
Nashik Municipal Corporation offers 95% penalty waiver to property tax defaulters until October 31, 2025, aiming to recover Rs 784 crore in outstanding dues.