Pune
The flat owners association and civil society organisations accused the builders’ lobby for inducing confusion among flat owners about payment of value added tax (VAT), through social advertisements. Confederation of Real Estate Developers’ Associations of India (CREDAI) has published advertisement about collection of VAT. As soon as the advertisement was out, the local builders sent [...] Continue Reading »
The property tax department of Pimpri Chinchwad Municipal Corporation (PCMC) has collected Rs 167 crores this financial year. There was a rise of Rs 50 crore in collection compared to the same period last year, Shahji Pawar assistant commissioner and chief of property tax department. Residents will have to pay the property tax of six [...] Continue Reading »
Residents of Kumar Elixir Society on Baner road allege that Kumar Builders is trying to sell a plot which is a part of the society, however the conveyance agreement was never executed. The flat owners have filed an application with the Chatushrungi police station asking not to allow anyone to take the land that belongs [...] Continue Reading »
A three day property exhibition to be held by the Confederation of Real Estate Developers’ Associations of India (CREDAI) at Amanora Town Centre on Kharadi Bypass from October 19. This will be the biggest property exhibition in the city . The three days exhibition will showcase an array of numerous property in and around koregaon Park, Kalyani [...] Continue Reading »
Pune Municipal Corporation (PMC) was hit out by Opposition leaders for allowing an NGO for implementing a Zero Garbage Project. To implement the Zero Garbage Project in 20 cities, the standing committee has approved the proposal to allot Rs 1.48 crore to NGO Janwani. BJP corporator, Shirnath Bhimale has opposed the decision by saying that [...] Continue Reading »
As per planning, 1,500 flat owners of Pune gathered at Bhave school near Perugate on Sunday morning. The owners were disgruntled because of lack of transparency on the part of builders on payment of VAT. They were visibly angry and confused as they sought clarification on how much exactly do they owe the builders. The [...] Continue Reading »
With the Supreme Court’s order to demolish illegal constructions in Pune, there were about 44,000 sq ft which were cleared against encroachments in separate operations initiated by the Pune Municipal Corporation (PMC) and Pimpri Chinchwad New Township Development Authority (PCNTDA). There were about three structures demolished by the PMC of about 19,500 sq ft in Hadapsar. Since [...] Continue Reading »
Pune and Bangalore are being the front runners in the real estate sector amidst an otherwise gloomy atmosphere on the realty front. The two cities have witnessed significant number of launches, boosted by quicker approvals and consistent demand from home buyers. Intriguingly, markets in Pune and Bangalore are different from one another. The cities have [...] Continue Reading »
Pune real estate has been undergoing a strong transformation. Demand for homes have come from both local population as well as outsiders in the market. Potential buyers are no longer individuals from the IT Sector alone but also from other business sectors such as automobile, manufacturing, education and services. The increasing demand has resulted in [...] Continue Reading »
The Competition Commission of India (CCI) has approved a real estate deal between global private equity giant Blackstone group and Pune-based realty firm Embassy Group. The proposed deal involves Blackstone and Embassy group having joint control over an entity engaged in the development and management of commercial and office space. It has been dubbed as [...] Continue Reading »
