Maharashtra waives INR 637 crore stamp duty for New Nagpur Business District and Outer Ring Road projects

May 29, 2026 Headlinesnews

The Maharashtra government has approved a waiver of around INR 637 crore in stamp duty and registration charges for land transactions related to the New Nagpur Business District and New Outer Ring Road projects in Nagpur. The decision was cleared during a cabinet meeting chaired by Chief Minister Devendra Fadnavis and is expected to help speed up land acquisition and project execution.

Officials said the exemption will apply to land purchases being carried out through direct negotiations and mutual agreements with landowners instead of the conventional acquisition process. The Nagpur Metropolitan Region Development Authority (NMRDA), which is implementing both projects, had requested relief under the Maharashtra Stamp Act to reduce the financial burden linked to large-scale land procurement.

One of the key developments covered under the decision is the proposed New Nagpur Business District project, planned across nearly 692.06 hectares in Godhani and Ladgaon villages in Hingna taluka. The project is estimated to involve an investment of around INR 11,300 crore and will include the development of an International Business and Finance Centre (IBFC).

The state government plans to position the project as a major commercial and financial hub in central India with integrated business infrastructure, office districts and supporting urban development. Nagpur has been witnessing increased infrastructure investment over the past few years due to its central location, multi-modal connectivity and proximity to major logistics corridors including the Samruddhi Mahamarg.

Along with the business district, the state is also moving ahead with the proposed 148-km-long and 120-metre-wide New Outer Ring Road project around Nagpur. The corridor is expected to improve connectivity between several major highways linked to the city, including the Mumbai-Nagpur Samruddhi Expressway, Amravati Road, Hyderabad Road, Bhandara Road, Katol Road and Jabalpur Road.

The project will also include four truck and bus terminals aimed at easing freight movement, reducing congestion within the city and improving regional transport infrastructure. The Outer Ring Road is expected to support industrial growth, warehousing activity and logistics development in areas surrounding Nagpur.

The Maharashtra government had earlier approved a total expenditure of around INR 13,748 crore for the Outer Ring Road project. Of this, nearly INR 4,800 crore is proposed to be raised through a HUDCO-backed loan supported by a state guarantee, while the remaining INR 8,948 crore will be provided through government assistance.

Land acquisition for the road project is planned in two phases and will cover nearly 99 villages. The state has increasingly focused on acquiring land through consent-based mechanisms in major infrastructure projects to reduce delays and legal disputes linked to compulsory acquisition.

The latest cabinet decision also aligns with Maharashtra’s broader strategy to expand economic growth centres beyond the Mumbai Metropolitan Region. In recent policy announcements and budget proposals, the state government has highlighted Nagpur as a priority city for infrastructure-led urban expansion, commercial investment and logistics-driven development.