BJP's Wealthiest BMC Candidate: Makrand Narwekar's Impressive Property Portfolio
As Mumbai gears up for the highly anticipated 2026 Brihanmumbai Municipal Corporation (BMC) elections, one name is making waves not just in the political arena but also in the realm of wealth and real estate. Makrand Narwekar, representing the Bharatiya Janata Party (BJP), has emerged as the wealthiest candidate contesting the civic polls from South Mumbai, thanks to his impressive property portfolio and a strong family background in politics.
By profession, Makrand Narwekar is a lawyer. Politically, he comes from a well-known and influential family. He is the younger brother of Rahul Narwekar, the Maharashtra Assembly Speaker and a prominent BJP leader who has declared assets worth ₹124.4 crore in his election affidavit. This family connection, combined with Makrand Narwekar’s own financial disclosures, places him in the limelight as voters scrutinize the backgrounds of candidates vying for control of India’s richest civic body.
According to the affidavit filed for the 2026 BMC elections, Makrand Narwekar is an active real estate investor with a significant focus on Alibaug, a popular second-home destination near Mumbai. The documents reveal that he owns as many as 27 agricultural land parcels in the coastal town. These land acquisitions were made over a period of more than three years, between June 2022 and November 2025, indicating a consistent and strategic investment approach rather than one-time purchases.
In addition to his agricultural holdings, Narwekar also owns a residential apartment in the prime location of South Mumbai’s Colaba area. The flat, measuring over 1,400 square feet, was purchased in October 2021, as per the affidavit. This prime property adds significant value to his already impressive asset base, further solidifying his position as one of the wealthiest candidates in the BMC elections.
Makrand Narwekar’s property investments reflect a strategic understanding of the real estate market, particularly in regions with high growth potential. Alibaug, known for its scenic beaches and proximity to Mumbai, has seen a surge in property investments over the years, making it a lucrative market for real estate enthusiasts. Narwekar’s acquisition of multiple land parcels in this area demonstrates his foresight and long-term investment strategy.
The combination of his legal background, political connections, and strategic real estate investments positions Makrand Narwekar as a formidable candidate in the 2026 BMC elections. As the race intensifies, his wealth and property portfolio will undoubtedly be a significant factor in the eyes of the electorate, influencing their decision-making process.
