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Makrand Narwekar Declares ₹124.4 Crore in Assets for BMC Polls

The BJP corporator's wealth reflects recent Alibaug land acquisitions highlighted in his 27-page filing.

Overview

  • His affidavit lists ₹32.14 crore in movable assets and ₹92.32 crore in immovable assets, with liabilities of ₹16.68 crore and receivables of ₹30.11 crore.
  • He reports purchasing 27 agricultural land parcels in Alibaug between October 2022 and November 2025, plus a Colaba flat bought in October 2021 valued at ₹7.99 crore.
  • The declared fortune marks a sharp rise from ₹6.3 crore in 2017 and ₹3.67 crore in 2012, with farmland valuations accounting for most of the jump.
  • Narwekar, 47, is seeking a third term from Ward 226 on a BJP ticket and lists his profession as advocate.
  • Opposition parties accuse Speaker Rahul Narwekar of meddling in nominations and a rival alleges pressure to quit, claims he rejects as baseless, as analysis shows roughly 35% of BMC candidates are crorepatis including several relatives and prominent contenders.