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BJP’s Makarand Narwekar Declares ₹124.4 Crore in BMC Affidavit, Drawing Scrutiny Over Asset Surge

The filing highlights large Alibaug farmland purchases and has prompted opposition accusations against Speaker Rahul Narwekar.

Overview

  • He reported ₹92.32 crore in immovable assets and ₹32.14 crore in movable assets, with liabilities of ₹16.68 crore and receivables of about ₹30.11 crore.
  • He bought 27 agricultural land parcels in Alibaug between October 2022 and November 2025, with his farmland valued at roughly ₹89.91 crore and his wife’s at ₹2.41 crore.
  • His affidavit lists a Colaba flat purchased in October 2021 for ₹7.99 crore, along with bank deposits and three vehicles.
  • The declared wealth marks a steep rise from ₹6.3 crore in 2017 and ₹3.67 crore in 2012, and he has not offered a detailed public explanation for the growth.
  • He is contesting Ward 226 on a BJP ticket as the Speaker’s younger brother, while opposition parties allege nomination interference and his sole rival, Tejal Pawar, reports pressure to withdraw; Rahul Narwekar denies the accusations.