Nashik Municipal Corporation approves 230 building proposals in Oct

03 Nov 2021 CW Team

The festive season in India has boosted the real estate sector, and Nashik Municipal Corporation (NMC) has approved 230 building proposals in October.

The overall construction cost is expected to be Rs 100 crore, except for the land cost. It expects to add 600 more apartments in the next two to three years.

The NMC official told the media that the corporation had received proposals for 350 buildings in October. From the total, 230 have been approved, and the rest are being examined.

The official said that the festive season has a positive impact on the real estate sector. The builders are keen to get their proposals approved to begin the construction work.

A senior member of Confederation of Real Estate Developers Association (CREDAI) - Nashik and the Chairman of the Real Estate Committee of Maharashtra Chamber, Umesh Wankhede, said that the real estate demand has increased after the Covid-19 pandemic. People have realised the importance of their housing.

He said that the number of housing customers has increased. Last month, nearly 300 apartments of Rs 120 crore were booked. Previously, the demand was for ready possession flats, but now people are booking new flats.

He added that the real estate builders have started planning for new building projects and submitting their plans to the NMC for getting approval. The prices of construction raw materials such as steel and cement have also witnessed a price hike. Therefore, the construction costs have also increased by 20%.

The builders have not increased the prices and are selling flats at market rates.

Image Source

Also read: Chandigarh Housing Board to auction 159 properties from November 10

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..