Pune
With the increasing population, there has been an increase in garbage from every area in Pune. So, to keep this in check, the Pune Municipal Corporation (PMC) is planning to increase the number of garbage processing units across the city. With the existing mechanism, PMC is able to process 70% of the city’s garbage and [...] Continue Reading »
The increase of floor space index (FSI) to 2.5 is still not finalised for redevelopment of residential colonies constructed by the Maharashtra Housing and Area Development Authority (MHADA) in Pune. 2.5 FSI has been granted for Pune and Pimpri-Chinchwad but the rules for the same are yet to be finalised. The Pune division of Mhada [...] Continue Reading »
Pune Municipal Corporation has recently demolished illegal constructions in the city spread across 2095 sqft area in Kondhwa Khurd. This initiative was taken after a three storey illegal building collapsed in the last week of September last year killing 11 people. The building was built in low water zone area where only 0.33 floor space [...] Continue Reading »
The residents who come under the Panshet flood affected housing scheme have demanded increase in floor space index (FSI) in their residential agreements. The Development Plan (DP) of Pune which is on hold for now has been asked for an amendment to provide extra FSI. The DP for old city areas is on hold with [...] Continue Reading »
Pune real estate is growing at a fast pace in recent times. This is because of pleasant climate, peaceful atmosphere, education, career openings and great accessibility to businesses communities worldwide. Also, its proximity to the finance capital of the country has given it an edge from other cities. As per research, the increase in construction [...] Continue Reading »
There have been forecasts that Pune residential real estate is going to boom in 2013. This may be due to high demand of properties from IT/ITeS and manufacturing sector employees. According to property consultancy firm, Jones Lang LaSalle India, investors based in Mumbai and NRIs are looking to invest in a market which has been [...] Continue Reading »
Recently, the decision that had been taken to hike Pune property tax by 8 percent has been postponed by the standing committee of Pune Municipal Corporation (PMC). Baburao Chandere, chairman of the standing committee of PMC has stated that still more discussions and a special meeting are needed to come up with a plan. The [...] Continue Reading »
Pune real estate sector saw some good times in the previous year, 2012. Real estate market did well in terms of price appreciation in some parts of the city. Property prices went up to 7-9%, which was good compared to other cities. However, all was not well in Pune real estate market. One such issue [...] Continue Reading »
The demand for 1bhk and 2bhk flats increased by 70 percent in Chakan. The demand for residential apartments is growing up by 25 percent every year and it is expected to expand by 35 percent after the completion of the Chakan Airport. Prithviraj Chavan, Chief Minister, said that the land for the international airport at [...] Continue Reading »
All through the year, the infrastructure development in the city by Pune Municipal Corporation (PMC) went very slow. However, the civic body should be given the credit of completing the task of preparing a Development Plan (DP) for the old city areas. For the pending works, the civic body and parties are blaming each other. [...] Continue Reading »
