Over 1,000 residential projects nodded in Nashik during Aug-Dec 2021

18 Jan 2022 CW Team

The real estate sector in Nashik city, which had been severely impacted by the Covid pandemic for the previous two years, has regained impetus in the recent five months.

Between August and December 2021, the civic body accepted over 1,000 residential projects, while over 400 building plan submissions are currently pending approval with the civic body.

These projects range in size from five to more than 50 units, and they will supply approximately 25,000 homes throughout the city.

Over 1,600 projects are now under development, according to the Confederation of Real Estate Developers Association of India (CREDAI), Nashik, including the 1,000 recently approved projects.

Due to the second wave of the pandemic, just 200-odd residential projects were sanctioned during the first four months of the current financial year April-July, according to a Nashik Municipal Corporation (NMC) official, but the industry received a much-needed boost after that.

The official said that in the five months leading up to December, about 800 residential projects were approved. This is primarily due to a 50% reduction in premium FSI rates.

Furthermore, during the four months between October 1 and December 31, the government has granted an exemption from online filing and approval. As a result, builders and developers seeking to execute projects submitted their building designs to receive double benefits.

Ravi Mahajan, president of CREDAI Nashik told the media that the real estate sector has received a lift for the first time in two years. Across the city, over 1,000 residential developments are now under construction. The demand for houses has also surged in recent months as a result of Covid's realisation of the necessity for an individual home.

Image Source

Infrastructure Urban

04 Dec 2025

ISRO’s IMAT Success Boosts Readiness for Maiden Gaganyaan Mission

Union Minister of State for Science and Technology Dr Jitendra Singh informed Parliament that ISRO has achieved a key milestone in its preparations for India’s first human space mission with the successful completion of the Integrated Main Parachute Airdrop Test (IMAT). He said in the Lok Sabha that the test forms a central part of the qualification campaign for the Crew Module’s parachute-based deceleration system, one of the most vital elements in human-rating the mission.According to Dr. Jitendra Singh, the IMAT recreated one of the most demanding descent conditions by intentionally del..

Gyanesh Kumar Takes Charge as Chair of International IDEA Council

Chief Election Commissioner of India Gyanesh Kumar has assumed the Chairship of the Council of Member States of the International Institute for Democracy and Electoral Assistance for 2026. The ceremony in Stockholm was also attended by India’s Ambassador to Sweden, Anurag Bhushan. India, a founding member of International IDEA, has long contributed to the organisation’s governance and global democratic dialogue, and the new Chairship signals broad recognition of the Election Commission of India as a trusted and innovative election management institution.During his visit, Kumar held discuss..

Coal Mines Boost Local Growth and Support India’s Energy Self-reliance

The Magadh and Amrapali coal mines in Jharkhand are playing a pivotal role in strengthening India’s energy security, contributing nearly half of Central Coalfields Limited’s total coal production in 2024–25. Both mines support the broader goal of ensuring steady coal availability for the power sector under the vision of Aatmanirbhar Bharat. Magadh has estimated mineable reserves of 854.91 million tonnes, while Amrapali holds 456.34 million tonne. For FY 2025–26, the two are expected to generate net sales revenues of Rs 28.12 billion and Rs 23.67 billion respectively. Local development ..