Makrand Narwekar: Richest BMC Candidate's Wealth Skyrockets 1,868% in 9 Years

India
M
Moneycontrol•11-01-2026, 11:42
Makrand Narwekar: Richest BMC Candidate's Wealth Skyrockets 1,868% in 9 Years
- •Makrand Narwekar, brother of Maharashtra Assembly Speaker Rahul Narwekar, is the richest BMC candidate with assets worth ₹124.4 crore.
- •His wealth has increased by an astonishing 1,868% in 9 years, from ₹6.3 crore in 2017 to ₹124.4 crore in 2026.
- •Narwekar, a lawyer, is contesting from Ward 226, Colaba, on a BJP ticket for the third time.
- •His assets include luxury vehicles, a flat in Colaba, and 29 agricultural land parcels in Alibaug worth ₹89.91 crore.
- •Narwekar attributes the wealth surge to increased land prices due to infrastructure projects like Atal Setu and Alibaug Ro-Ro ferry.
Why It Matters: Richest BMC candidate Makrand Narwekar's wealth grew by 1,868% in 9 years, sparking debate.
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