Makrand Narwekar is the richest candidate in the Brihanmumbai Municipal Corporation (BMC) elections. He declared assets of ₹124.4 crore while contesting for a third term from ward no 226 on a BJP ticket. Narwekar's wealth has grown nearly 1,868% compared to nine years ago, as per his affidavit. He owns 27 agricultural land parcels in Alibaug, a popular coastal area in Raigad district, bought between October 2022 and November 2025, and a Mumbai flat worth ₹7.99 crore. Of his total assets, ₹32.14 crore are movable and ₹92.32 crore immovable. He also carries liabilities of ₹16.68 crore from loans and borrowings. At 47, Narwekar lists his profession as an advocate. His total income in the financial year 2025-26 is ₹2.77 crore. Some of his movable assets include three vehicles—two Toyota Fortuners and one Maruti Grand Vitara—and bank deposits. He is owed ₹30.11 crore by family members and others. Other wealthy candidates include Samadhan Sarvankar with ₹46.59 crore and Shraddha Jadhav with ₹46.34 crore in declared assets. Opposition parties have accused Rahul Narwekar, Maharashtra Assembly Speaker and Makrand's brother, of interfering with the BMC nomination process and tampering with CCTV footage. Rahul Narwekar denies these claims, calling them "baseless" and politically motivated. Tejal Pawar, an independent candidate supported by Shiv Sena (UBT) and Maharashtra Navnirman Sena, alleges pressure to withdraw from the race in ward 226.