Pune
To regularize illegal cables, telecom companies and MSEDCL will have to pay thrice the original charges to the Pune Municipal Corporation (PMC). Regarding subway cables the civic management has come up with a proposal . The proposal will likely be reviewed in the social position panel meeting planned. Several government, semi-government, private corporations and also [...] Continue Reading »
The civic body in Pune has taken steps to produce appropriate information about agricultural land to avoid confusion between various departments. The agricultural department needs proper data about the total area available for agriculture as every year argicultural land is converted into non-agriculture zone and used for infrastructure, building homes, or residential complexes. The up [...] Continue Reading »
The real estate in Pune has shown signs of balance. According to a survey done by Jones Lang LeSalle (JLL), it was found that in last one month, leasing office space in Pune has been stable and there were no new supply of office spaces. Even the rents and capital value remained the same. Surprisingly, [...] Continue Reading »
Pimpri Chinchwad Municipal Corporation (PCMC) has received good response for the regularisation of water connections from residents after implementing a water amnesty scheme ‘Abhay Yojana’ to gain water tax dues from the citizens. The amnesty scheme will be implemented till November 30. Around 1,700 citizens have applied for installation of new water meters under Abhay [...] Continue Reading »
Recently, the Pune Municipal Corporation (PMC) alloted 112 flats to be constructed under the Basic Services to Urban Poor (BSUP) project in Warje to those affected by road construction and nullahs. The central government had approved 20,528 tenements for the urban poor under the BSUP. However, PMC managed to construct 2,294 only and 3,474 that [...] Continue Reading »
Consumer bodies in Pune are demanding a debate on Value Added Tax (VAT) imposed on residential properties purchased between June 2006 and March 2012. City builders and developers have been invited for a public debate on VAT. As the state government is firm on the VAT issue, organisations such as Grahak Hitawardhini, Grahak Panchayat and [...] Continue Reading »
Real estate advisory Cushman and Wakefield (C&W) said Pune has witnessed 28% of vacancies in malls in the third quarter of this year due to oversupply. However, due to the increased supply, the rental values witnessed a drop. The extravagant retail developments in the last few years in Pune have put some pressure on the rental values. The [...] Continue Reading »
The Pune district administration has prepared specific type plans for houses for the economically weaker sections in rural parts of the district. Around nine type plans have been prepared by the administration in consultations with Maharashtra Housing and Area Development Authority (MHADA) and are being sent to the director of the town planning department for [...] Continue Reading »
A latest property exhibition named ‘Ashiyana’ has been organised by the Central Bank of India in Pune due to the upcoming festive season. This property expo has been held at the New Agriculture college ground, Sinchan Nagar, behind Bhosle Nagar, Range Hills and will be continued on November 3 and 4. It is seen that various [...] Continue Reading »
NIBM has become a realty hotspot in Pune. As increasing number of families are preferring the locality, many residential and business projects have started in the area. Currently the property price stands at Rs 6000 per sq ft in the area. The main advantage of the area is well connectivity through roads and the presence [...] Continue Reading »
