Archive · 11 Jan 2026
Makarand Narwekar Declares ₹124 Cr Assets for BMC 2026
Makarand Narwekar, who is running for office in Mumbai, has a lot of money.
He said he has 124.4 crore rupees in things he owns, like land and cars.
This is a huge increase from nine years ago when he had much less.
He also has some money he owes to others.
He bought many pieces of farmland and a flat in a nice part of Mumbai.
He is trying to win his third time in the election.
The election is happening soon, and many people are running for office.
Some people think he is very successful, while others wonder where all his money came from.
Makarand Narwekar declared assets worth ₹124.4 crore for the BMC 2026 election.
His assets include ₹32.14 crore in movable assets and ₹92.32 crore in immovable assets.
He has liabilities worth ₹16.68 crore from various loans and borrowings.
Narwekar owns 29 farmland parcels and a flat in South Mumbai's Colaba.
His assets have grown by 1,868% since the 2017 civic polls.
- Who
- Makarand Narwekar, younger brother of Maharashtra Assembly Speaker Rahul Narwekar
- What
- Declared assets worth over ₹120 crore for the BMC election
- When
- Details from his 2026 election affidavit
- Where
- Mumbai, Maharashtra, India
- Why
- Running for his third term in the BMC election on a BJP ticket
Wealth Growth
Election Transparency
Asset Growth
Wealth Growth
Makarand Narwekar's assets have grown significantly, indicating financial success and potential influence.
Election Transparency
The rapid growth in assets raises questions about the sources of wealth and potential conflicts of interest.
Property Investments
Wealth Growth
Investments in farmland and property show economic acumen and contribution to local development.
Election Transparency
The concentration of property investments, particularly in Alibaug, may indicate speculative motives or favoritism.
- Candidate
- Makarand Narwekar
- Total Assets
- ₹124.4 crore
- Movable Assets
- ₹32.14 crore
- Immovable Assets
- ₹92.32 crore
- Liabilities
- ₹16.68 crore
- Vehicles
- 3 (2 Toyota Fortuner, 1 Maruti Grand Vitara)
- Farmland Purchases
- 29 parcels (27 owned by him, 2 by wife)
- Asset Growth Since 2017
- 1,868%
- Election Date
- 15 January 2026
- Counting Date
- 16 January 2026
- Total Candidates
- 1,700
- Seats for Majority
- 114
Sources
Mumbai BMC Elections 2026: Rahul Narwekar's Brother Makarand Declares Assets Worth Over ₹120 Cr; Sees Nearly 20X Growth Since 2017 | Details Here
Mumbai BMC Elections 2026: BJP And Shinde Sena Candidates Report Sharp Rise In Assets, No Criminal Cases In Affidavits
BMC Polls: With ₹124 Cr declared wealth, this BJP candidate’s net worth grew by 1900 % since 2017 — Who is he?
BMC polls: This BJP leader is among richest candidates with assets worth ₹124.4 crore
