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.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..