Live news feed — last updated 18 June 2026
NMC has mandated a 50:50 utilization of premium Floor Space Index (FSI) and Transferable Development Rights (TDR) to stimulate demand and expedite land acquisition processes. This policy aims to streamline development and potentially accelerate the pace of new construction projects.
The Nashik Municipal Corporation (NMC) requires approximately Rs 700 crore for the development of colony roads and roads in newly emerging areas. A detailed blueprint is being prepared for submission to the state government. This initiative aims to address the deteriorating condition of many colony roads and improve connectivity in developing zones, ensuring better urban infrastructure for residents.
SRM Contractors has been awarded a ₹483 crore contract by the Maharashtra State Infrastructure Development Corporation for the construction of a 14.020 km stretch of the Nashik Ring Road. The project is expected to be completed within 12 months and will improve regional connectivity and help decongest traffic in and around Nashik.
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