4 months ago
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Makrand Narwekar, younger member of Maharashtra Assembly Speaker Rahul Narwekar, is among the wealthiest candidates for the Brihanmumbai Municipal Corporation (BMC) predetermination with declared assets of ₹124.4 crore.
Seeking a 3rd word from ward nary 226 connected a BJP ticket, Mr. Narwekar could beryllium the wealthiest campaigner successful the BMC elections.
Among different 'high nett worth' candidates, Samadhan Sarvankar, lad of erstwhile Shiv Sena MLA Sada Sarvankar, has declared assets of ₹46.59 crore, portion Shiv Sena (UBT) campaigner and erstwhile politician Shraddha Jadhav has declared assets of ₹46.34 crore.
As per his affidavit filed with the Election Commission, Mr. Narwekar's assets (which see the assets of his wife) grew 1,868% compared to 9 years ago.
When contacted to recognize the exponential emergence successful the assets and if the figures are correct, Mr. Narwekar replied, stating helium volition "reconfirm and revert shortly”. However, helium didn't get back.
He purchased 27 cultivation onshore parcels successful rapidly processing Alibaug successful the coastal Raigad territory betwixt October 2022 and November 2025.
Mr. Narwekar, 47, has stated his assemblage to beryllium "advocate." Of his ₹124.4 crore assets, ₹32.14 crore are movable, and ₹92.32 crore are immovable, arsenic per the 27-page affidavit.
He besides has liabilities of ₹16.68 crore successful the signifier of loans, borrowings and unsecured loans from assorted individuals, banks and fiscal institutions.
While contesting the civic polls successful 2017 connected the BJP ticket, helium had declared assets of ₹6.3 crore. In 2012, erstwhile helium archetypal contested the civic polls arsenic an independent, his assets were worthy ₹3.67 crore. His full income during FY 2025-26 truthful acold is ₹2.77 crore.
Among his assets are slope deposits of ₹6,66,370, 3 vehicles, including 2 Toyota Fortuner Sigma cars valued astatine ₹40.75 lakh and ₹38.75 lakh, and a Maruti Grand Vitara worthy ₹9 lakh. “He is besides owed ₹30.11 crore by household members, different individuals, and agencies,” the affidavit said.
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He owns a level worthy ₹7.99 crore southbound Mumbai's Colaba, and 29 farmland parcels — 27 owned by him and 2 by his wife, Rachana — located successful Alibaug, a play getaway of Bollywood celebrities, cricketers and industrialists. These lands were purchased betwixt October 2022 and November 2025, and the level was purchased successful October 2021, arsenic per the affidavit.
The cultivation onshore parcels are located crossed Ziradpada, Kihim, Dhokawade, Saswane, Mhatroliwadi, and Mapgaon villages. “The existent valuation of the farmland owned by Narwekar stands astatine astir ₹89.91 crore, portion the onshore owned by his woman is valued astatine ₹2.41 crore,” the affidavit stated.
Opposition parties person accused the Speaker and BJP MLA from Colaba, Rahul Narwekar, of interfering successful the information process for BMC elections and tampering with CCTV footage linked to the exercise. He has dismissed the charges arsenic "baseless" and politically motivated.
Tejal Pawar, the sole campaigner contesting against Mr. Narwekar successful ward 226, alleged that she and her husband, Deepak Pawar, were facing unit to retreat from the race. An independent, she is being supported by the Shiv Sena (UBT) and the Maharashtra Navnirman Sena.
