Live news feed — last updated 14 July 2026
Nashik Municipal Corporation (NMC) corporators will have access to a Rs 100 crore fund for ward-level development works in the upcoming fiscal year 2026-27. This includes a proposed allocation of Rs 50 crore and a carry-forward of Rs 50 crore from the previous year.
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.
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