How India's Richest Civic Body BMC Earns And What It Spends On Twenty-nine municipal corporations in Maharashtra are going to elect their new mayor in elections scheduled for January 15. In focus is India's richest civic body, the Brihanmumbai Municipal Corporation (BMC). So how does the BMC earn its revenues and where does it spend them? NDTV takes a look. India's richest municipal corporation The BMC is touted as the most resourceful municipal corporation in the country. In Financial Year 2024-25, its estimated budget was twice the budget of the two other metropolitans - Delhi and Bengaluru - put togethe