NMC to roll out new BOT policy to boost revenue

Nashik: The Nashik Municipal Corporation (NMC) is set to introduce a new policy for executing Build, Operate and Transfer (BOT) projects on land owned by the civic body, municipal commissioner Manisha Khatri said on Monday.The announcement was made during a press conference following the presentation of the draft budget for the financial year 2026-27. Khatri said the corporation intends to prepare a comprehensive BOT policy and then begin developing suitable properties under the model to boost revenue.In the draft budget for 2026-27, the NMC has projected a revenue generation of Rs112 crore through the development of its properties on a BOT basis. "The civic body has several public amenity plots and parcels of land acquired over the years for various civic projects, which can now be monetised responsibly," Khatri said.She added that the policy framework will outline eligibility, project structure, timelines and monitoring mechanisms before any property is handed over for development. "We are planning to develop these spaces on a BOT basis. Initially, the policy on BOT projects on NMC land will be prepared shortly. Thereafter, the properties will be developed on a BOT basis," she said.This is not the first time the NMC has attempted BOT-based development. In the 2021-22 fiscal year, the administration had proposed developing eight of its properties on a BOT basis with an expected revenue of Rs150 crore. However, none of those projects materialised.