India, Jan. 12 -- Makrand Narwekar of the BJP, the richest candidate contesting the 2026 BMC polls from south Mumbai, is an active real estate investor who has been steadily acquiring land parcels in Alibaug, a second-home destination near Mumbai.

Makrand Narwekar, a lawyer by profession, is the younger brother of Maharashtra Assembly Speaker Rahul Narwekar, who has declared assets of Rs.124.4 crore, as per the affidavit filed for the elections.

According to the affidavit filed by Narwekar, he owns 27 agricultural land parcels in Alibaug, as well as a flat measuring over 1,400 sq ft in Colaba, South Mumbai.

The land parcels were purchased by Narwekar between June 2022 and November 2025, according to the affidavit filed for the election...