Maharashtra dissolves Smart City SPVs in eight cities

The Maharashtra government has dissolved Smart City special purpose vehicles in eight cities as part of a restructuring move.

Municipal commissioners will now take over operations and management responsibilities.

The decision affects cities including Nagpur, Pune and Nashik.

Authorities have directed that assets linked to the Smart City projects be transferred to civic bodies by April 30, reported The Times of India.

The move marks a shift away from the SPV-based governance structure used under the Smart City Mission.

Officials said civic administrations would oversee future operations directly.

The transition is expected to affect project management and administrative processes.

The development reflects changes in urban governance mechanisms linked to city infrastructure projects.

Questions remain over how ongoing projects will be managed during the transition.