Live news feed — last updated 01 May 2026
The Nagpur Metropolitan Region Development Authority (NMRDA) has initiated the 'New Nagpur' project, an ambitious plan to develop a high-tech, globally competitive urban hub spanning approximately 1,710 acres. The project aims to attract businesses and provide advanced infrastructure.
The Maharashtra Real Estate Regulatory Authority (MahaRERA) approved 474 housing projects in Nagpur during the financial year 2025-26. This is part of the total 10,379 projects approved across Maharashtra. These approvals reflect the ongoing development and regulatory compliance within Nagpur's real estate sector, promoting transparency and timely project completion.
The Nagpur Municipal Corporation (NMC) has collected only Rs 2,680.27 crore in the first 10 months of the financial year, achieving barely 48% of its Rs 5,565 crore budget target. Internal revenue heads like property tax and water charges have fallen short of targets. This financial shortfall raises concerns about the corporation's ability to fund upcoming infrastructure demands and civic works.
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