Nashik property owners to receive a 5% rebate if facilities are built

03 Apr 2023 CW Team

Owners of approximately 5.22 lakh homes would receive a 5% reduction in their annual property tax if they install any of the five features in their properties beginning with the current fiscal year.

Rainwater harvesting, EV charging stations, wastewater recycling, solar water heaters, and solar power panels are among the five facilities.

The Nashik Municipal Corporation has issued a circular in this regard, granting the annual property tax relief.

If all of these amenities are installed, the rebate will stay same. If any residential society implements any of these steps, each flat owner will receive a 5% rebate.

Officials from NMC's property tax department stated that these measures were issued with the municipal commissioner's approval to promote water conservation and the usage of renewable energy.

In the case of planned projects in the city, the civic authority has made it essential for builders to install an EV charging station as well as a minimum of 25 units rainwater collecting systems in properties measuring 500 square meters.

NMC commissioner Chandrakant Pulkundwar stated that this is part of the city's efforts to promote the usage of rainwater harvesting, electric vehicles, and solar electricity.

According to the official, the water tax reduction has been doubled from 1% to 2% for individuals who pay property and water taxes online beginning April 1. With the increase in rebate, NMC expects to collect at least Rs 100 crore in property tax in the April-June quarter of 2023-2024.

Equipment

11 Dec 2025

Caterpillar Debuts Three New Cat Excavators at EXCON 2025

Caterpillar Inc., a global leader in construction and mining machinery, strengthened its commitment to India’s infrastructure growth with the debut of three new Cat® hydraulic excavators at EXCON 2025, held from December 9–13 at the Bangalore International Exhibition Centre. The new models—Cat 321, Cat 322 and Cat 324—mark a significant step forward in delivering efficient, digital-ready equipment tailored for India’s evolving construction needs.Designed to support sustainability and productivity on modern jobsites, the machines feature advanced powertrains and intelligent electrohy..

JK Tyre Expands OTR Lineup with Four New Launches at EXCON 2025

JK Tyre & Industries, one of India’s leading tyre manufacturers, introduced four new Off-the-Road (OTR) tyres at the 13th edition of CII EXCON 2025, South Asia’s largest construction equipment exhibition, underway at the Bangalore International Exhibition Centre. The latest additions strengthen the company’s OTR portfolio and reaffirm its focus on delivering advanced mobility solutions for construction, mining and industrial operations.The new tyres were unveiled by R Mukhopadhyay, Director (R&D), JK Tyre. Among the highlights was the debut of the SKY GRIP, a specialised tyre des..

ACE, Sanghvi Movers Ink MOU to Boost India-Made Heavy Crane Adoption

Action Construction Equipment (ACE), the world’s largest pick-and-carry crane manufacturer and a leading Indian construction equipment maker, has entered into a strategic Memorandum of Understanding with Sanghvi Movers, Asia’s largest and the world’s fifth-largest crane rental company. The partnership aims to accelerate the deployment of indigenously manufactured heavy slew cranes, particularly truck cranes and crawler cranes, across large-scale infrastructure and industrial projects in India.The alliance aligns strongly with the Government of India’s “Aatmanirbhar Bharat” and “M..