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BMC Affidavit Shows BJP’s Makrand Narwekar Declared ₹124.4 Crore in Assets

The affidavit highlights extensive Alibaug land purchases driving a sharp jump from earlier disclosures.

Overview

  • Narwekar’s filing lists ₹32.14 crore in movable assets and ₹92.32 crore in immovable assets, with liabilities of ₹16.68 crore.
  • He bought 27 agricultural land parcels in Alibaug between October 2022 and November 2025 and owns a Colaba flat purchased in October 2021.
  • The affidavit indicates a roughly 1,868% rise in declared wealth since earlier filings, up from ₹6.3 crore in 2017 and ₹3.67 crore in 2012.
  • The BJP corporator is seeking a third term from Ward 226, while sister‑in‑law Harshita Narwekar declared ₹63.62 crore as broader data show about 35% of BMC candidates are crorepatis.
  • Opposition parties have accused Speaker Rahul Narwekar of meddling in nominations and of CCTV tampering, which he denies, as rival candidate Tejal Pawar alleges pressure to quit.