Mahatma Nagar, Nashik

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.

Chief Minister Devendra Fadnavis expressed confidence in Nashik's development potential, driven by infrastructure investments for the Simhastha Kumbh Mela. A Rs 33,000 crore investment is planned for infrastructure, including improved connectivity, dry ports, and ring roads, aiming to create a Rs 3 lakh crore economy in Nashik over the next decade.