Maha budget stresses urban dev, real estate, EV charging

08 Mar 2021 CW Team

Maharashtra’s Deputy Chief Minister and finance minister, Ajit Pawar, today, presented the annual budget with a revenue deficit of Rs 10,226 crore in the state Legislative Assembly. With the budget, Pawar announced initiatives like electric vehicle charging stations on major highways and free bus rides for girl students. Announced on the occasion of Women’s Day, the budget also proposed a concession in stamp duty by 1 % over the prevailing rate exclusively for women.

The Maha Budget gave a big boost to the overall infrastructure especially for the western suburb region which is aimed to enhance seamless connectivity across the city. Other announcements directed at pushing real estate, and creating major opportunities for construction and infrastructure industries were also tabled at the session.

With an estimated tax revenue of Rs 2,18,263 crore, the budget includes revised estimates of Rs 1,84,519 crore on account of the goods and services tax (GST), value added tax (VAT), central sales tax (CST), profession Tax (PT) and other taxes.

Here are some of the key highlights of the Maha Budget 2021-22:

1. Concession in stamp duty by 1 % over the prevailing rate only for women, provided the transfer of house property or registration of sale deed is in the name of women.
2. Electric vehicle charging stations to be set-up on major highways (Mumbai -Pune, Mumbai-Goa, Mumbai-Nashik).
3. Allocation of Rs 8,420 crore for the urban development department.
4. Allocation of Rs 2,533cr for water supply and sanitation.
5. New ring road to be made in Pune.
6. Providing 1,500 hybrid buses for girl students to go to schools.
7. Free travel on MSRTC buses for girl students in rural Maharashtra.
8. Allocation of Rs 400 crore for Balasaheb Thackeray memorial at Shivaji Park.

Real Estate

26 Jun 2026

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..